Date and place of adoption: March 24, 2000 in Yaounde (Cameroon)
Date of publication in the OHADA Official Gazette: Official Gazette N°10
Entry into force: January 1st, 2001 for personal accounts of companies, and January 1st, 2002 for consolidated and combined financial statements
The Uniform Act on the organization and harmonization of business accounting, which is annexed the OHADA accounting system, establishes accounting standards, the accounting plan, bookkeeping rules, presentation of financial statement and financial reporting. It applies to personal accounts of companies, individuals and legal entities, as well as to consolidated and combined financial statements. It also contains criminal provisions.
The updating process of the UAOHBA and the OHADA accounting system is drawing to the end.