The European Commission has published a proposal for a Directive amending Directive 78/660/EC on the annual accounts of certain types of companies as regards micro-entities. The European Commission’s objective is to simplify the business environment and the financial reporting requirements for micro-entities in order to enhance their competitiveness and release their growth potential.

View Proposal for a Directive amending Directive 78/660/EEC on the annual accounts of certain types of companies as regards micro-entities, (PDF 49.2KB), 26 February 2009