Archive

BY KEITH NUTHALL
THE EUROPEAN Commission will be considering whether European Union competition and state aid laws need to be amended, should the EU decide to support the creation of a mutual Eurotime Fund granting additional insurance protection to the continent’s aviation industry.…

Keith Nuthall
A REFORM of the EU’s First Company Law Directive has been formally proposed by the European Commission, to ease the filing of company documents and registrations via electronic communications and also in any official EU language.

The aim said the Commission, is “to make company information more easily and rapidly available to the public.”…

Keith Nuthall
AS the European Union moves towards the mandatory application of International Accounting Standards for listed companies, the European Commission has proposed reforms to the existing directives that harmonise national accounting laws that will remain in place for other businesses.…

BY KEITH NUTHALL
THE EUROPEAN Central Bank, which has resisted granting EU anti-fraud unit OLAF complete rights to investigate its dealings, has given itself a clear bill of health regarding fraud. The whiter-than-white assessment, (to quote former European Commission president Jacques Santer), came from the bank’s own anti-fraud committee.…

BY MONICA DOBIE
ACCOUNTANTS will be able to check the validity of their clients’ customers’ VAT identification numbers via the Internet through a new service launched by the European Commission. It provides access to the VAT Information Exchange System (VIES) database free of charge, which should speed up verification procedures, saving time and money for accountants and businesses.…

Keith Nuthall
A WORLDWIDE poll of 1,000 business experts has revealed overwhelming global support for the idea of agreeing uniform international accounting principles. The survey, staged by the International Chamber of Commerce and the Munich-based Ifo Institute, revealed that the experts generally considered uniform principles were either “very important,” (51per cent), or “important,” (46 per cent), for achieving higher standards.…

Keith Nuthall
THE EUROPEAN Union Council of Ministers has approved a root-and-branch reform of the European Union’s Financial Regulation, its accounting bible, which is designed to make the budgetary management of the EU more simple and efficient. The new system comes into force on January 1, 2003.…

BY ALAN OSBORN
THE EUROPEAN Commission will this month decide whether to start launching inquiries into the piecemeal dismantling of the falling Andersen empire. Competition spokeswoman Amelia Torres told Accountancy Age that Brussels had now been officially informed of the proposed acquisition by Deloitte Touche Tohmatsu of Andersen UK and had until July 1 to say whether the deal should be cleared or “whether we need to take a closer look at it.”…

Keith Nuthall
AS the European Union moves towards the mandatory application of International Accounting Standards for listed companies, the European Commission has proposed reforms to the existing directives that harmonise national accounting laws that will remain in place for other businesses.…

Keith Nuthall
A REFORM of the EU’s First Company Law Directive has been formally proposed by the European Commission, to ease the filing of company documents and registrations via electronic communications and also in any official EU language.

The aim said the Commission, is “to make company information more easily and rapidly available to the public.”…