On 4 March 2016, about 80 participants attended a one-day stakeholder workshop on the implementation of the new EU audit rules organised by the European Commission, DG Financial Stability, Financial Services and Capital Markets Union.

Auditing

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Slovakia adopted on 11 November 2015 the new Act on statutory audit. An unofficial English translation is available on the website of Slovakia’s national audit authority UDVA.

Auditing

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The European Insurance and Occupational Pensions Authority (EIOPA) launched on 3 February a consultation, running until 28 April 2016, on draft Guidelines to facilitate the dialogue between insurance supervisors and auditors

Auditing

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The European Commission published an additional “questions and answers” document on the new EU rules on statutory audit to help smooth the path to implementation

Auditing

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European Commission launches a public consultation on disclosure of non-financial information by certain large companies

Company reporting

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The European Commission will not propose for endorsement the interim standard on rate regulated activities, IFRS 14. IFRS 14 is a temporary standard offering an accounting option to companies that adopt IFRS for the first time. The European Commission will not propose IFRS 14 for endorsement in the EU because very few European companies would fall within its scope. The Commission will consider any future standard on rate regulated activities for endorsement in the EU under its normal process.

Company reporting

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The Commission publishes the summary of responses to the Public consultation on further corporate tax transparency

Company reporting

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The European Commission adopts report on use of International Financial Reporting Standards in the EU

Accounting

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Commission launches consultation on corporate tax transparency

Accounting

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Commission appoints Mr Wolf Klinz as President of EFRAG

Accounting

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