Accounting


The accounting and company law directives are one of the first harmonisation directives affecting SMEs.

A modernisation and simplification based on the needs of SMEs and users of financial information is needed. But the principle guiding this discussion should not focus only on ‘simplification’ but also on the ‘relevance’ to SMEs of financial reporting.

Position papers and other documents

-  December 2010: UEAPME position on the Green Paper on “Audit Policy: Lessons from the Crisis”

-  April 2010: UEAPME reply to the EC consultation on IFRS for SMEs

- February 2010: UEAPME comments on the proposal for a directive of the European Parliament and of the Council amending Council Directive 78/660/EEC on the annual accounts of certain types of companies as regards micro-entities

-  June 2009: UEAPME position on the consultation paper “Cutting Accounting Burden for Small Business / Review of the Accounting Directives”

-  October 2007: UEAPME’s position paper on the Communication from the Commission on a simplified business environment for companies in the areas of company law, accounting and auditing

-  February 2007: UEAPME comments and observations on the Discussion Paper of DG Internal Market on the simplification of accounting rules for small and medium-sized companies

Press releases

-  13/12/2011: EP vote on accounting for micro companies a reasonable compromise, say SMEs

-  26/10/2011: “Responsible business package”: good news on accounting, bad news on CSR, say SMEs

-  10/03/2010: Parliament’s ok to accounting exemptions a step back for the internal market

-  26/02/2009: Exempting micro enterprises from filing accounts is not better regulation

-  15/11/2007: Joint press release UEAPME-EFAA-FEE — Company law, accounting and auditing: Commission’s simplification approach might jeopardise the Single Market, say European SMEs and accountants