Weekly update of EU Regulatory news for FEE Members
FEE conference on auditing 30 June 2011: On Thursday 30 June 2011, FEE will organise its fourth high level conference in Brussels to address key issues in audit policy in the EU. The conference will be aimed at sharing and discussing the views of all relevant stakeholders in the European debate. Amongst others, speakers include: Michel Barnier, European Commissioner, James Doty, Chairman, Public Company Accounting Oversight Board (PCAOB), USA, Wouter Bos, Partner KPMG and Former Finance Minister of the Netherlands. View
Political compromise on Member States option to exempt micro-entities: On 30 May, the Competitiveness Council unexpectedly reached a compromise granting Member States the option to exempt micro-entities (i.e. companies that do not exceed two of the following three criteria (i) balance sheet total of EUR 250,000, (ii) net turnover of EUR 500,000 and (iii) 10 employees) from certain accounting obligations. The compromise also foresees that Member States may opt to exempt them from the requirement to publish annual accounts provided that their balance sheet is filed with at least one competent authority and transmitted to the business register. View
EC Audit Newsletter: DG Internal Market and Services published a Newsletter commenting on audit regulatory policy issues. View
IFRS Foundation call for candidates: The IFRS Foundation is seeking Trustees from Asia/Oceania, Europe and North America to replace those who retire at the end of 2011, including two out of the five European Trustees. The appointments will be for the period from 1 January 2012 until 31 December 2014. All the applications will need to be sent to the IFRS Foundation by 18 June 2011. View
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