The Accounting Directive (2013/34/EU) has been amended by a directive dealing with the disclosure of non-financial and diversity information by certain large companies and groups. This directive was published in the Official Journal on 15 November 2014.
The Commission is planning to consult stakeholders on the mode and practice of non-financial reporting, and aims to publish a set of guidelines on the topic by 6 December 2016 addressing, among other things, general and sector-based non-financial KPIs.
The directive came into force on 5 December 2014 and it will be necessary for member states to implement it by 6 December 2016. The text published in the Official Journal largely reflects the text adopted by the Council on 29 September 2014 and which was discussed in the October 2014 edition of this publication.
A copy of the consolidated text of the Accounting Directive incorporating the above changes is available at: http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=OJ:JOL_2014_330_R_0001&from=EN .
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