The New EU-Directive on Annual and Consolidated Financial Statements and Related Management Reports - European Company Law View The New EU-Directive on Annual and Consolidated Financial Statements and Related Management Reports by H. Beckman - European Company Law The New EU-Directive on Annual and Consolidated Financial Statements and Related Management Reports H. Beckman 10 6

Following the publication of the Fourth and Seventh EEC-Directives concerning the (consolidated) financial statements, on 26 June 2013 a new EU Directive on financial statements has been adopted. The New Directive is a combination of the former Accounting Directives, and provides for more flexibility, and to a limited extent increases the information which must be provided regarding certain payments made to governments by parties in the extractive industry and logging sector.

European Company Law