One of the key objectives of the Barosso Commission is to simplify and to reduce the administrative burdens for companies in the EU with a target for reducing these burdens by 25% overall in the medium term. On 14 November 2006 the European Commission issued a working document on measuring costs and reducing administrative burdens in the European
Union accompanying the Strategic Review of Better regulation in the EU. In January 2007 the European Commission issued an Action Programme.
FEE’s Position on EC Simplification Project with Focus on Financial Reporting and Auditing Aspects