ACCA

Archives for simplification

The European Commission is currently analysing the impacts, costs and benefits stemming from the so called Transparency Directive. The EU executive is working towards its possible improvement, namely in the field of the attractiveness of regulated capital markets for smaller listed companies, holdings of voting rights and the inefficient implementation of the Directive due to… » read more

Posted by cecilebonino

eXtensible Business Reporting Language (XBRL) is a tool designed for the digital communication and presentation of financial and business data. It has been developed to allow users throughout the world to easily access timely accurate and relevant financial information from both world-wide and local organisations. However, although internal use and basic forms of digital reporting… » read more

Posted by cecilebonino

The European parliament will vote on the 25 March on the report to amend EU Commission’s proposal to amend Directive 78/660/EC on the annual accounts of certain types of company. However , if efforts to reduce or eliminate burdens – where their identifiable net benefits are exceeded by the costs of compliance – are supported,… » read more

Posted by cecilebonino

While welcoming the Commission’s “European Economic Recovery Plan” to restore consumer and business confidence – in which the Commission pledges to reduce the burden on small and medium sized enterprises (SMEs) – and supporting initiatives to simplify company law, it appears that the current Commission Proposal to exempt micro-entities from annual accounts requirements precisely fails… » read more

Posted by cecilebonino