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
- 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.
- Press release
- Frequently asked questions
- Legislative proposal:
- Impact Assessment:
- 19.09.2011
-
Report
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.
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 SMEs
- 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.
- 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 Directives
- 12th June 2009 stakeholders meeting
- 09/2009
-
The minutes of the 12th June stakeholders meeting
- 06/2009
- Modernisation and simplification of the 4th and the 7th Directives:
Discussion Paper for Stakeholder meeting on Friday 12th June 2009
February 2009 Consultation on the Review of the Accounting Directives
- 10/2009
-
The results of the 2009 Consultation on the Review of the Accounting Directives
- 06/2009
-
Presentation of the results of the Consultation on the Review of the Accounting Directives
- 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
-
Summary report on the reactions
- Reactions to the communication
-
Summary report
- 07/2007
- Communication on a simplified business environment for companies in the areas of company law, accounting and auditing