BFN proposes K1 disclosure changes; EFRAG updates SME guidance

Sole traders preparing förenklat årsbokslut face new disclosure dutiesFAR. Bokföringsnämnden (BFN) has circulated proposed amendments to the K1 rules for enskilda näringsidkareFAR, governing which upplysningar the simplified annual accounts must contain. The amendments follow the new tax rules for naturvårdskontonFAR, so advisers to sole traders holding such accounts need to check what additional disclosures the proposal would require and respond to the consultation while it is openFAR.

SMEs outside mandatory sustainability reporting have an updated voluntary route. EFRAG has published updated guidance to the EU voluntary sustainability reporting standardFAR for undertakings with fewer than 1 000 employeesEuropa. The standard was laid down in delegated regulation supplementing Directive 2013/34/EUEuropa, keeps a modular structure with a basic and a comprehensive moduleEuropa, distinguishing essential datapoints from conditional, voluntary and sector-specific onesEuropa. It doubles as a value chain cap: undertakings reporting mandatorily under Directive 2013/34/EU may not demand more than the standard's essential datapoints from value-chain undertakings averaging 1 000 employees or fewer, and only where they need the information for that reportingEuropa. Undertakings applying the voluntary standard need not seek assuranceEuropa, and the standard applies for financial years beginning on or after 1 January 2027.

Audit oversight tightened for three practitioners. Revisorsinspektionens tillsynsnämnd adopted five decisions at its meeting on 18 September; three auditors were issued warningsFAR, one of them combined with a sanktionsavgiftFAR. Firms should note the decisions as a signal of the supervisory board's current enforcement focus.

Generative AI in audit gained a practice reference. A new Accountancy Europe report describes how generative AI can support auditors with information analysis, document review and working-paper documentationFAR, while firms must manage risks of incorrect outputs, confidentiality breaches and over-reliance on the technologyFAR.

Investment fraud reached the courts in Malmö. Five people stand indicted at Malmö tingsrättFAR for aggravated fraud, accounting offences and money launderingFAR, accused of inducing private individuals to invest just over SEK 23 million in a non-existent businessFAR.

Legal basis: BFN consultation on K1 for enskilda näringsidkare; Commission Delegated Regulation (EU) 2026/1560 supplementing Directive 2013/34/EUEuropa; Revisorsinspektionen supervisory decisions of 18 September 2026FAR.