Tag: accounts

Measures designed to slash bureaucracy for micro-entreprises are set to be drastically diluted by EU countries after national governments blocked the proposals, fearing that they would make them less competitive as business locations.

Audit and Anti-Fraud Commissioner Siim Kallas has sought to increase the pressure on member states and beneficiaries of EU funds to ensure their own accounting is up to standard after the Court of Auditors rejected the EU's accounts for the thirteenth consecutive year.

This analysis from Bernhard Speyer of Deutsche Bank Research looks at the current state of integration of the EU and US financial markets. The article concludes that more needs to be done both in the private sector and at regulatory level.  It sets out the substantial potential benefits of further integration in terms of lower transaction costs and higher liquidity, analyses the obstacles and highlights the importance of convergence of accounting standards.