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News (Accounting)

2014

29.09.2014
The European Commission welcomes today’s adoption by the Council of the Directive on disclosure of non-financial and diversity information by large companies and groups. (STATEMENT/14/291)
13.08.2014
Call for applications: President of the Board of EFRAGpdf Choose translations of the previous link  (deadline for application: 15.09.2014). The European Commission is looking for suitable candidates to fill in the post of President of the Board of the European Financial Reporting Advisory Group (EFRAG). The President of the EFRAG Board will be nominated by the European Commission after having heard the Council and the European Parliament and will be appointed by the EFRAG General Assembly.
07.08.2014
The Commission launches a public consultation on the impact of International Financial Reporting Standards (IFRS) in the EU
25.06.2014
The Commission launched a public consultation on the equivalence of third country regimes regarding the country by country reporting by extractive and forestry industries
23.06.2014
The Director General of DG Internal Market and Services nominated the members of the expert group on the evaluation of the IAS Regulation. EC services regret that no member of the civil society applied to this call. EC will seek input from civil society through other means to ensure all views are taken into account.
13.06.2014
New regulation adopting standards: Commission Regulation (EU) No 634/2014 of 13 June 2014 amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards Interpretation 21 of the International Financial Reporting Interpretations Committee (Text with EEA relevance)
28.05.2014
The deadline for application for the Expert group on the evaluation of the IAS Regulation has been extended to 3 June 2014
29.04.2014
The Commission is calling for applications with a view to selecting members of the Expert Group on the evaluation of the IAS Regulationpdf(44 KB) Choose translations of the previous link . They shall be sent to the address markt-f3@ec.europa.eu
29.04.2014
The Commission launches a consultation on its strategy on CSR 2011-2014: achievements, shortcomings and future challenges (IP/14/491)
15.04.2014
Improving corporate governance: Europe’s largest companies will have to be more transparent about how they operate (STATEMENT/14/124)
13.03.2014
European Parliament backs Commission proposal for the EU co-financing of the IFRS Foundation, the EFRAG and the PIOB (STATEMENT/14/69)
26.02.2014
The European Parliament and the Council have reached an agreement on the European Commission’s proposed Directive to amend the existing accounting legislation in order to improve the transparency of certain large companies on social, environmental and diversity matters (STATEMENT/14/29)
04.02.2014
Commissioner Barnier prolongs Philippe Maystadt’s mission as Special advisor with a view to ensuring adequate and timely follow-up of EFRAG reform (IP/14/110)
20.01.2014
Commission awarded the contract for the study to take stock of and to assess the effects of using international financial reporting standards (IFRS) in the EU to Mazars in consortium with the Institute of Chartered Accountants in England and Wales (ICAEW).

2013

19.12.2013
New regulation adopting standards: Commission Regulation (EU) No 1375/2013 of 19 December 2013 amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards International Accounting Standard 39 Text with EEA relevance (Amendments to International Financial Reporting Standard IAS 39)
19.12.2013
New regulation adopting standards: Commission Regulation (EU) No 1374/2013 of 19 December 2013 amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards International Accounting Standard 36 Text with EEA relevance (Amendments to International Financial Reporting Standard IAS 36)
04.12.2013
Commissioner Barnier welcomes trilogue agreement by Council and Parliament on the EU co-financing of EFRAG, IFRS Foundation and PIOB (MEMO/13/1093)
20.11.2013
New regulation adopting standards: Commission Regulation (EU) No 1174/2013 of 20 November 2013 amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards International Financial Reporting Standards 10 and 12 and International Accounting Standard 27 Text with EEA relevance (Amendments to International Financial Reporting Standards 10, 12, and IAS 27).
12.11.2013
Philippe Maystadt, special adviser to Commissioner Barnier, presents his recommendations for enhancing the EU’s role in international accounting standard-setting (IP/13/1065)
26.09.2013
Financial reporting rules: Commission requests Romania to change accounting rules (MEMO/13/820)
26.06.2013
Adoption of Directive 2013/34/EU on the annual financial statements, consolidated financial statements and related reports of certain types of undertakingspdf
21.06.2013
The Commission has published a call for tender to take stock of and to assess the effects of using international financial reporting standards (IFRS) in the EU. The deadline for receipt of tenders or requests to participate is 13 September 2013.
12.06.2013
European Parliament endorses the new Accounting and Transparency Directives
30.05.2013
Revision of the Transparency Directive: Commissioner Barnier welcomes the agreement reached by the European Parliament and the Council (MEMO/13/483)
16.04.2013
Commission moves to enhance business transparency on social and environmental matters (IP/13/330)
09.04.2013
Statement by Commissioner Michel Barnier welcoming the agreement reached on disclosure requirements for the extractive industry and loggers of primary forests and on simpler accounting requirements for small companies (MEMO/13/323)
05.04.2013
New regulation adopting standards: Consolidated Financial Statements, Joint Arrangements and Disclosure of Interest in Other Entities: Transition Guidance Amendments to International Financial Reporting Standards 10, 11, and 12)
28.03.2013
New regulation adopting standards: Annual Improvements to International Financial Reporting Standards, 2009–2011 Cycle
19.03.2013
Commissioner Barnier appoints Philippe Maystadt as Special Adviser to enhance EU’s role in promoting high quality accounting standards (IP/13/242/)
05.03.2013
New regulation adopting standards: amendments to IFRS 1

2012

29.12.2012
New regulation adopting standards/interpretations: IFRS 7, IAS 32
29.12.2012
New regulation adopting standards/interpretations: IAS 12, IFRS 1, IFRS 13, IFRIC 20
29.12.2012
New regulation adopting standards/interpretations: IFRS 10, IFRS 11, IFRS 12, IAS 27, IAS 28
12.04.2012
European Commission prolongs the equivalence mechanism in relation to third-country Generally Accepted Accounting Principles (MEX/12/0412 Choose translations of the previous link )
21.02.2012
Commissioner Barnier welcomes final agreement to simplify accounting for Europe's smallest companies (MEMO/12/125 Choose translations of the previous link )

2011

14.12.2011
Commissioner Barnier welcomes a Directive that will reduce red tape for micro entities (MEMO/11/912 Choose translations of the previous link )
14.12.2011
Burden reduction for micro-entities – Frequently Asked Questions (MEMO/11/911 Choose translations of the previous link )
30.11.2011
Letter from the Commission Services to the IASB : IASB agenda consultation 2011pdf Choose translations of the previous link 
27.10.2011
Commission requests Belgium to cut administrative burden on SMEs (IP/11/1282 Choose translations of the previous link )
25.10.2011
The Commission proposes the disclosure of payments to governments by the extractive and forestry industry
25.10.2011
The Commission proposes revision of the Accounting Directives to simplify and improve daily accounting life for SMEs
18.10.2011
Invitation to the EFRAGpdf Choose translations of the previous link  – European Commission Outreach Event on IASB agenda consultation, Brussels, 25 November 2011
30.09.2011
Meeting of the Expert Group on Non-Financial Disclosure by Companies – Minutespdf Choose translations of the previous link 
19.09.2011
The Commission services publish a Reportpdf Choose translations of the previous link  on the Responses Received to the Consultation of Accounting Regulatory Committee Members on the Use of Options within the Accounting Directives. This report provides an update on the extent to which certain options included within the Accounting Directives have been incorporated into the law of the Member States and EEA countries
12.09.2011
Meeting of the Expert Group on Non-Financial Disclosure by Companies – Minutespdf Choose translations of the previous link 
11.07.2011
Kick-off Meeting of the Experts Group on Non-Financial disclosure by Companies – Minutespdf Choose translations of the previous link 
14.04.2011
Summary report of the responses received to the public consultation on Disclosure of Non-Financial Information by Companies
06.04.2011
Commission requests Cyprus to establish an effective public oversight system (IP/11/415 Choose translations of the previous link )
01.04.2011
Summary report of the public consultation on Country by Country reporting by multinational companies
18.01.2011
Responses to the public consultation on Country by Country reporting by multinational companies

2010

22.11.2010
Consultation on Disclosure of Non-Financial Information by Companies
26.10.2010
Public consultation on country-by-country reporting by multinational companies
13.10.2010
European Commission conference: Financial reporting and auditing. A time for change? (9–10.02.2011)
30.09.2010
The ARC voted in favour of the adoption of Annual improvements 2010
26.07.2010
New regulation adopting standards/interpretations: IFRIC 19, IFRS 1
22.07.2010
Updated table on the “Use of options of the IAS Regulation by Member States
20.07.2010
New regulation adopting standards/interpretations: IAS 24, IFRIC 14, IFRS 8
01.07.2010
ARC meeting
01.07.2010
New regulation adopting standards/interpretations: IFRS 1, IFRS 7
24.06.2010
New regulation adopting standards/interpretations: IFRS 1
04.06.2010
Report on convergence between International Financial Reporting Standards (IFRS) and third country national Generally Accepted Accounting Principles (GAAPs)
03.06.2010
EFRAG Compatibility Analysis: IFRS for SMEs and the EU Accounting Directives ↗
31.05.2010
Summary of the consultation on IFRS for SMEs and minutes of the 25 May Stakeholders meeting
21.04.2010
The stakeholders meeting on the review of the Accounting Directives and the IFRS for SMEs will take place on 25.05.2010 in Brussels
24.03.2010
New regulation adopting standards/interpretations: IFRS 2, Improvements to IFRS (2007–2009)
22.03.2010
Technical meetings on Classification and Measurement of financial instruments, Brussels. (Insurance sector on 20 April, banking industry on 22 April, accounting / auditing and public authorities on 23 April, investors and other stakeholders on 26 April)
04.03.2010
The ARC voted in favour of the adoption of IAS 24 – Related Party Disclosures (Revised 2009), Amendments to IFRIC 14 – Prepayments of a Minimum Funding Requirement, IFRIC 19 – Extinguishing Financial Liabilities with Equity Instruments and Amendment to IFRS 1 – Limited Exemption from Comparative IFRS 7 Disclosures for First-time adopters