On 12 June the European Parliament adopted the revised accounting directive which was borne out of the European Commission (EC) Responsible Business package, explains Steve Collings.
The main objective of the new accounting directive (58pp PDF) is to reduce the administrative burden for small companies and, to a certain extent, improve the quality and comparability of the information disclosed in their financial statements.
The current EC directive has been in place since...
About Steven Collings
Steve Collings, FMAAT FCCA is the audit and technical partner at Leavitt Walmsley Associates Ltd where Steve trained and qualified.