European SMP survey 2015
In this report and its summary the Federation of European Accountants (FEE) presents the challenges faced by the 2,680 European accountants working in small- and medium-sized practices (SMPs) that responded to the International Federation of Accountants’ (IFAC) Global SMP Survey 2015. These SMPs serve in total over 330,000 European small- and medium-sized entities (SMEs) and we also provides insight into their circumstances. The support of professional accountants is crucial to make SMEs, which make up 99.8 % of EU companies, flourish. We are committed to help developing EU policy that supports this indispensable source for jobs and growth in...

The EU Directive on Disclosure of Non-financial and Diversity Information – Achieving good quality and consistent reporting
The Federation of European Accountants (FEE) has recently issued a position paper summarizing the requirements of the EU Directive on disclosure of non-financial and diversity information, which should be transposed into Member States’ national laws by 6 December 2016. Companies in the scope of this Directive shall have to comply with the new national regulations from 2017 onwards, based on the non-binding guidelines which are being prepared by the European Commission. FEE paper, that is available online here, discusses the most significant issues around implementing the requirements, and provides some real-world examples of how such environmental, social and governance disclosure requirements...


CILEA (Comite de Integration Latino Europa – America) has published, with the support of Romania, a new Guide to best practices of corporate governance for SMEs
CILEA (the international professional body that reunites professional accounting institutes from European and American Latin countries) recently published, as part of its series “CILEA International Studies” the work Guide to best practices of corporate governance for SMEs. This guide is the result of the efforts and the work of the technical group dedicated to this project to which a significant contribution was provided by CECCAR specialist dedicated to this technical structure of CILEA. The main objective of this Guide is to be an effective tool for detecting practical deficiencies in corporate governance that are common to most of the SMEs, while...

ESCO Online Consultation Platform
The European Commission invites stakeholders to contribute with their expertise to the development of ESCO, the multilingual classification of European Skills, Competences, Qualifications and Occupations. ESCO will:      - enhance the functioning of the labour market,     - bridge the communication gap between the world of work and education/training,     - improve cooperation between public and private employment services and education/training institutions,     - reduce skill gaps by finding the jobs matching the skills of people - across borders and languages barriers.  By registering to the ESCO Online Consultation Platform, you can contribute to the terminology and structure of the ESCO vocabulary....


New Romanian translation available online
We are pleased to announce the publication of the following translation: Romanian translation of the 2015 Red Book. The publication is available in print from the Online Shop and in electronic format on eIFRS. eIFRS Professional/eIFRS Comprehensive subscribers can also access this translation from eIFRS (you will be required to provide your login details). eIFRS is updated throughout the year with translations of new and revised Standards, as issued by the IASB, when they become available.  If you wish to purchase an eIFRS Comprehensive or eIFRS Professional subscription please visit the Online Shop.  For more information on the available translations, please visit the Translations Status page. If you are interested in purchasing the available translated publications please visit...

Joint ICAEW and IFRS Foundation Financial Institutions IFRS Conference: implementing the IFRS 9 impairment requirements
We are pleased to announce that the joint ICAEW and IFRS Foundation third annual Financial Institutions IFRS Conference will be held on 15 September 2015 in London, UK. The conference brings together leaders in financial reporting from the financial services sector, regulatory bodies and members of the International Accounting Standards Board (IASB), as well as accounting professionals and others with an interest in financial reporting by financial institutions. This conference offers a unique opportunity to gain insight and guidance on the implementation and analysis of the IFRS 9 Financial Instruments impairment requirements, which represent fundamental changes in accounting for financial institutions....