About this initiative
The fitness check of corporate reporting is meant to assess whether the current corpus of accounting and reporting legislation serves the objectives assigned to it, whether it could be modernized and serve new objectives.
Evaluation and Fitness Check Roadmap
More about roadmaps.
Polish Association of Listed Companies (Poland)
Dear Sirs, I would like to present comments on evaluation roadmap for fitness check on public reporting by companies, by the Polish Association of Listed Companies. The Association is an NGO representing ca. 270 companies listed on the Warsaw Stock Exchange in Poland, representing ca. 85% of the market capitalization of WSE. 1. We welcome the fitness check with hope that it will bring added value to future regulations amendments and will lead...
Deutsches Rechnungslegungs Standards Committee (Germany)
Sehr geehrte Damen und Herren, wir haben folgende Anmerkungen zur Roadmap zum Fitness check on public reporting by companies: A. Aus unserer Sicht ist es notwendig, Redundanzen in den Berichtspflichten abzubauen bzw. zu vermeiden. Dazu zwei Beispiele: 1. Die Meldepflicht von Finanzinstituten (FINREP) an Aufsichtsbehörden basiert auf einer anderen Taxonomie als dies zukünftig nach den Vorschlägen der European Security and Markets Authority ...
We highly welcome the initiative on reviewing the reporting requirements for financial institutions! It is reasonable that public reporting is more demanding for this sector than for other sectors. Nevertheless, reporting requirements in the financial sector reached a point where they are perceived as too costly and burdensome especially for small entities. We would like to draw your attention especially onto the Solvency II reporting: The...
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