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FEE Weekly EU Regulatory update
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Weekly update of EU Regulatory news for FEE Members
The JURI report on the Green Paper on audit policy is now available: The report of the Legal Affairs Committee is now available in different EU languages. The voting of the report in the plenary session of the European Parliament has been postponed to 4 July (instead of 22 June as initially scheduled). View
ESMA updates its FAQ - common positions on prospectuses: The Prospectus Directive and accompanying Regulation establish a harmonised format for prospectuses in Europe and allow companies to use the same prospectus prepared for admitting securities to trading on their home market to admit securities to any number of further European markets without having to re-apply for approval from the local regulator. The purpose of this document is to promote common supervisory approaches and practices in the application of the Prospectus Directive and its implementing measures. It contains 76 questions and answers prepared by ESMA and its predecessor CESR. View
IASB Revenue Recognition and Leases projects: EFRAG and the European National Standard Setters jointly organised meetings in eight European cities in order to inform European constituents of, and obtain their feedback on, the direction taken by the IASB in its re-deliberations on the Revenue Recognition and Leases projects. This document provides an executive summary of the feedback received during the meetings with European constituents. Additionally, EFRAG staff prepared detailed feedback statements on each event for the convenience of the European constituents. View The IASB and US-FASB agreed to re-expose their revised proposals for a common revenue recognition standard. It was the unanimous view of the boards that while there was no formal due process requirement to re-expose the proposals it was appropriate to go beyond established due process given the importance of the revenue number to all companies and the need to take all possible steps to avoid unintended consequences. View
FEE events:
FEE is recruiting a project manager: View
FEE events: FEE conference on auditing 30 June 2011: On Thursday 30 June 2011, FEE is organising 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
FEE Round Table discussion on “Access to Finance for SMEs - Early stage and technology businesses”: FEE is organising the third Round Table discussion on Access to Finance for SMEs, this time focussing on “Early stage and technology businesses” on Wednesday 6 July 2011 from 09.30 to 11.45 CEST. The objective of the FEE Round Table series is to raise awareness of the challenges that SMEs currently face in gaining access to external finance in many EU Member States and to identify and discuss solutions. Further information as well as follow-up papers of the first and second Round Table are available at: View
FEE/IFAC SME Regulation Debate: On the occasion of IFAC's Small and Medium Practices (SMP) Committee meeting in Brussels, FEE is organising a SME Regulation Debate on Wednesday 6 July 2011 from 13.30 to 16.00 CEST. Professionals from FEE and IFAC will discuss the concerns of SMPs about the impact of European regulation on SMEs and possible solutions with invited guests from the the European Commission and EFRAG. For further information please contact petra.weymuller@fee.be
FEE Tax Day 2011 - From Policy to Practice – Highway to hell or heaven?: On Tuesday 11 October 2011, FEE will organise its next Tax Day in Brussels. The Keynote speech will be delivered by Commissioner Algirdas Šemeta responsible for Taxation and Customs Union, Audit and Fraud in the European Commission. View
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