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Review of the Accounting Directives

In order to further simplify the requirements for SME the European Commission started a review process of the Accounting Directives with the “think small first” as the guiding principle.

Related documents:

 

Proposal of a Directive repealing and replacing the Accounting Directives 78/660/EEC and 83/349/EEC

 

26.06.2013
The new accounting directive is adopted by the European Parliament and the Council of the European Union.
25.10.2011
Commission proposes a Directive to replace and modernise the existing Accounting Directives. The proposal simplifies the Accounting requirements for small companies and improves the clarity and comparability of companies’ financial statements within the Union.
19.09.2011
Reportpdf Choose translations of the previous link  on the Responses Received to the Consultation of Accounting Regulatory Committee Members on the Use of Op tions within the Accounting Directives as at 1 July 2010
30.06.2011
Report on a Study on Accounting requirements for SMEs by Cna Interpreta s.r.l.pdf Choose translations of the previous link 

17.11.2009 – 12.03.2010: Consultation on the International Financial Reporting Standard for Small and Medium-sized Entities

31.05.2010
Summary of the Consultation on IFRS for SMEspdf Choose translations of the previous link 
25.05.2010
The stakeholders meeting on the review of the Accounting Directives and the IFRS for SMEs took place on 25.05.2010 in Brussels.pdf Choose translations of the previous link 
24.03.2010
Responses to the public consultation
17.11.2009
Consultation on the International Financial Reporting Standard for Small and Medium-sized Entities
07/2009
Update on the Review of the Fourth and Seventh Company Law Directivespdf Choose translations of the previous link 
12th June 2009 stakeholders meeting
09/2009
The minutes of the 12th June stakeholders meetingpdf Choose translations of the previous link 
06/2009
Modernisation and simplification of the 4th and the 7th Directives:
Discussion Paper for Stakeholder meeting on Friday 12th June 2009pdf Choose translations of the previous link 

February 2009 Consultation on the Review of the Accounting Directives

10/2009
The results of the 2009 Consultation on the Review of the Accounting Directivespdf Choose translations of the previous link 
06/2009
Presentation of the results of the Consultation on the Review of the Accounting Directivespdf Choose translations of the previous link 
05/2009
Responses to the public consultation
02/2009
Consultation paper on the Review of the Accounting Directives
On 26.02.2009 Commission presented a Consultation paper outlining the main ideas for simplification. The Consultation period ended on 30 April 2009

Commission Communication of 10 July 2007

12/2007
Reactions to the Commission communication of 10 July 2007
07/2007
Communication on a simplified business environment for companies in the areas of company law, accounting and auditing