1 / 5

Federico Diomeda, Chief Executive Officer

The European Federation of Accountants and Auditors for small and medium-sized enterprises. Financial reporting in Europe for non listed companies – An ongoing challenge. Federico Diomeda, Chief Executive Officer. Background and evolution. The origin: 4 th and 7 th Directives

barrond
Download Presentation

Federico Diomeda, Chief Executive Officer

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The European Federation of Accountants and Auditors for small and medium-sized enterprises Financial reporting in Europe for non listed companies – An ongoing challenge Federico Diomeda, Chief Executive Officer Slovenian Chamber of Accounting Services Assembly 13 October 2010

  2. Background and evolution • The origin: 4th and 7th Directives • IAS for listed companies: reg. 1606/2002 • IFRS for SMEs : 2009 • Overhaul of the 4th and 7th Dir • Simplification: what’s that? Slovenian Chamber of Accounting Services Assembly 13 October 2010

  3. EFAA and the key players • EFAA and EFRAG: the SME WG • EFAA and IASB: active interaction • EFAA and the Commission: comments and contacts • EFAA positions: comment letter on IFRS for SMEs and on the reform of the accounting Directives • EFAA actions: the comparison between IFRS for SMEs and main national GAAPs Slovenian Chamber of Accounting Services Assembly 13 October 2010

  4. Where are we going in Europe • Exemption for Micro entities: good or bad? • Small businesses: a new way forward from the Commission, but… • Harmonisation in Europe: how to get it at this point in stage • EFAA policy paper to help proper developments Slovenian Chamber of Accounting Services Assembly 13 October 2010

  5. THANK YOU Questions welcome Slovenian Chamber of Accounting Services Assembly 13 October 2010

More Related