EU Accounting Directive: financial reporting
We’re asking for views on how to implement the reduced disclosure requirements in the EU Accounting Directive.
Detail
The EU Accounting Directive 2013/34/EU consolidates existing legislation on financial reporting. It also aims to reduce government regulatory control on smaller companies.
We want industry views on how we should implement the propopals in chapters 1 to 9 of the Directive. This is about reducing the amount of information member states can ask smaller companies to place in their annual statutory accounts. The changes must take effect by March 2015.
BIS has also consulted separately on Chapter 10 of Directive 2013/34/EU on new reporting requirements for large companies in the extractive industries.
Documents
UK Implementation of the EU Accounting Directive: Chapters 1 to 9 - financial statements and general requirements for auditapplication/pdfUK Implementation of the EU Accounting Directive: Chapters 1 to 9 - financial statements and general requirements for audit, options tableapplication/vnd.openxmlformats-officedocument.spreadsheetml.sheetUK Implementation of the EU Accounting Directive: Chapters 1 to 9 - financial statements and general requirements for audit, impact assessmentapplication/pdf