Consensus on the criteria that will determine the size of small businesses to be included in the new, simplified, financial reporting procedure, based on the implementation of the European Directive 2013/34 is sought by the Parliamentary Trade Committee.
Today's session continued the discussion of the different legislative proposals that would create the institution of a review of financial statements for micro companies, relieving them from the increased administrative costs of submitting audited financial statements currently in force. The difference between the legislative proposals lies in the level of the eligibility criteria for small companies and in particular their annual turnover and balance sheet.
(CNA)
CNA
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