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
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