Implementation of Directive 2006/46/EC on Company Reporting - Amending the Accounting Directives
Starting Date: 05-03-07
Closing Date: 01-06-07
The DTI consulted on proposals to implement amendments to the Fourth and Seventh Accounting Directives and to the Bank Accounts and Insurance Accounts Directives,comments on the issues were invited by the 1st of June 2007.
The Government response to the consultation is attached below.
The overall objective behind the Directive is to further enhance confidence in the financial statements and annual reports published by European companies. The Directive seeks to achieve this objective by making more transparent financial arrangements and requiring companies to give information relevant to good corporate governance whilst seeking to avoid placing unnecessary burdens on business.
The Directive applies to all companies with some exemptions for small and medium companies.
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