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EFAA publishes paper on implementing the new European Accounting Directive

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12 Apr 2014

The European Federation of Accountants and Auditors for SMEs (EFAA) has published a paper on implementing the new European Accounting Directive 2013/34/EU.

The new Directive came into force on 20 July 2013, and European Member States have until 20 July 2015 to incorporate the rules of the Directive within their national law.

The Directive aims simplifying the accounting requirements for small companies and improves the clarity and comparability of companies' financial statements within the Union. The EFAA paper is designed to support governments, standard-setters, EFAA member organisations and other interested stakeholders in their efforts to transpose the new Accounting Directive into national legislation.

Please click to access Implementing the New European Accounting Directive - Making the right choices on the EFAA website.

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