Narikaton and Darnussia

[Mbites]

Preparing for something big: Standardization institute and Accounting reforms
February 5679


President Schuhbeck sitting among her faction in the Senate

We assume that most of our readers will be bored by this headline, so were we, but at the end of the day, even if the content of the reforms does not excite at first glance, it was a major political development of the month. After a few initial foreign policy successes, President Schuhbeck has started her first domestic project which she previously agreed on with her partners from the TKP, the creation of the “Norming and Standardization Authority” (NSA) based in Red Stad and a legal code for accounting standards. The authoring Senator Ulrike Fendlje voiced: “To fulfil the necessary oversight responsibilities over the economy and our corporations, the State must have clear as well as transparent information from our economic players so we can see if they follow the compliance acts flanking these reforms.”

The introduction of the accounting reform introduces a clear framework on how to report yearly earnings based on various factors. The DRP lawmakers have been cautious as to not overburden small or medium sized businesses but legislate enough to gain insight into the notoriously evasive titans such as Passschiffe AG, Narikan or Thaller Industries. Some were surprised at the TKP agreeing to these changes considering they’re the political arm of their namesake family, political pundits explain that the interests of the party and the family have been increasingly different, Professor Bernhard Wallentin even went as far as to state that the “TKP is Thallerist in name only.” While both VVP and GRP Senators were fuming at their mouths due them finding the reforms either don’t go far enough or are too much for the companies to handle, actual economists as well as finance businessmen are excited at the prospects because it ensures a good informational foundation to base investments decisions on.

Additionally after the passage of these bills, President Schuhbeck took to the public and announced that these first steps are just preparation for something. We expect that she was alluding to her green energy transformation plans which most of the electorate still view with suspicion because fossil energy has been a major economic component of the wealth of the Triad and the odd silence of the TKP on these topics.