The Companies (Accounting) Bill 2016


The Companies (Accounting) Bill 2016, published on the 5 August 2016, aims to transpose the EU Accounting Directive (2013/2014/EU). This Directive deals with annual financial statements, consolidated financial statements, and related reports of certain types of undertakings. It aims, among other things, to create a single directive on the form and content of financial statements.

The Directive states that it is principles-based and should ensure that it is not possible for an undertaking to exclude itself from the Directive