EU SIMPLIFIED FINANCIAL RULES EXPECTED TO MAKE LIFE EASIER FOR ACCOUNTANTS
January 1st, 2013 ACCOUNTANTS working for organisations handling loans and grants provided by the European Union (EU) institutions – notably the European Commission – may have something to celebrate this year. Brussels is introducing simplified procedures in spending and reporting on EU grants. A new EU Financial Regulation laying out the simplified rules was announced last October (2012) and entered into effect on January 1.For accountants and financial officers with experience of the convoluted ways the EU assigns, spends and records its money, this will come as something of ...
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