ACCA is consulting with its members on two aspects surrounding the implementation of the EU Accounting Directive. By sharing your views with us, you will help shape ACCA’s response to the following consultations:
- The Department for Business, Innovation and Skills (BIS) is consulting in respect of the UK implementation of the EU Accounting Directive (2013/34/EU) that deals with annual financial statements, consolidated financial statements and related reports for certain types of entities. It is primarily relevant to those entities which prepare annual accounts in accordance with Companies Act 2006 and related regulations.
- The Financial Reporting Council (FRC) is consulting on accounting standards for small entities following the implementation of the new EU Accounting Directive.
We have summarised the key points of both consultations and laid out a number of questions which we invite you to answer.
It should take no more than 30 minutes to complete. Please respond by 17.00 on Friday 31 October. All responses will be treated anonymously and will be used to influence and create ACCA’s responses to both BIS and the FRC.
If you wish to respond to the consultation, you can do so via this link.