In June 2013, the new EU Accounting Directive (2013/34/EU) was issued and the EC argued that ‘the IFRS for SMEs would not appropriately serve the objectives of simplification and reduction of administrative burden’ (EC 2013).
In June 2013, the new EU Accounting Directive (2013/34/EU) was issued and the EC argued that ‘the IFRS for SMEswould not appropriately serve the objectives of simplification and reduction of administrative burden’ (EC 2013).