FEE has published a briefing note detailing the profession’s concerns regarding the current proposal to amend the Fourth and Seventh Directives.  The publication notes that: the location of the corporate governance statement and related audit implications may inhibit development of disclosure; there is a need for clarification of the term “arrangements”; and disclosure requirements for related party transactions should not go beyond IAS 24.

The publication is available in electronic format only.

FEE Briefing Note