The DTI is consulting on proposals to implement amendments to the Fourth and Seventh Accounting Directives and to the Bank Accounts and Insurance Accounts Directives and invites comments on the issues set out in this consultative document by 1 June 2007.
The overall objective behind the Directive is to further enhance confidence in the financial statements and annual reports published by European companies. The Directive seeks to achieve this objective by making more transparent financial arrangements and requiring companies to give information relevant to good corporate governance whilst seeking to avoid placing unnecessary burdens on business.
The Directive applies to all companies with some exemptions for small and medium companies.
You are invited to send comments, together with any supporting evidence on any part of this consultation, preferably by email, to:
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