| Short Title: | BilMoG |
| Legislature: | Germany |
| Long Title: | Bilanzrechtsmodernisierungsgesetz |
| Date Enacted: | 2010 |
| Summary: | Emphasizes that the supervisory board has to (1) guarantee the effectiveness internal control system of a firm, (2) check the internal audit function and (3) evaluate the risk management system |
The German Bilanzrechtsmodernisierungsgesetz (short: BilMoG) is a German accounting law reform act usually first applied in fiscal year 2010.[1] It emphasizes that the supervisory board has to (1) guarantee the effectiveness internal control system of a firm, (2) check the internal audit function and (3) evaluate the risk management system.