Publication

28 March 2019

The Business Insolvency Directive What can the accountancy profession expect?

The proposed EU Business Insolvency Directive aims to ensure that entrepreneurs in financial difficulties can seek support at an early stage, benefit from a flexible and efficient restructuring framework; and as a last resort, can get a second chance after insolvency .

Our factsheet provides an overview of the Directive’s main provisions on the potential involvement of the accountancy profession as restructuring practitioners. Indeed, professional accountants have the expertise and skills to support businesses experiencing financial difficulties.

The EU Parliament is planning to endorse the agreed text at the end of March 2019. Following that, Member States will have two years from the day the draft text enters in the EU Official Journal to implement the new rules in their national legislation. We invite Member Bodies to get informed about the respective national transposition and share the information with their members.

 

Related content

PublicationEU Business restructuring & insolvency

3 October 2017

Consultation responseIIRC’s 2020 Revision: Framework

31 July 2020

Consultation responseIAASB’s consultation on proposed guidance: extended external reporting (EER) assurance

24 July 2020

Podcast Public sector and the coronacrisis (Part 2)

17 July 2020

Consultation responseEC’s consultation on the renewed sustainable finance strategy

15 July 2020

PublicationSME risk management: sustainability

15 July 2020

UpdateSME Update

3 July 2020

NewsEquity: the key to unlocking a sustainable economic recovery

2 July 2020

EventEquity: the key to unlocking a sustainable economic recovery

2 July 2020

Consultation responseEC’s consultation on a new digital finance strategy for Europe/FinTech action plan

30 June 2020

UpdateSustainable Finance

30 June 2020

EventEurope’s economic recovery from COVID 19

30 June 2020

NewsJoint statement on the revision of the non-financial reporting directive in the context of Covid-19

23 June 2020

NewsAccountancy Europe leads the non-financial reporting debate

17 June 2020

PublicationFollow-up paper: Interconnected standard setting for corporate reporting

15 June 2020

Consultation responseEC’s consultation on the Non-Financial Reporting Directive revision

15 June 2020

Podcast Europe and the coronavirus crisis: what’s next?

12 June 2020

PublicationSetting up for high-quality non-financial information assurance in Europe

12 June 2020

Consultation responsePublic letter to the IAASB: progress on draft standard for auditing less-complex entities

11 June 2020

Stories from PracticeSME auditor brings good governance to charities

9 June 2020

PublicationCoronacrisis: actions for the public sector

28 May 2020

Sign up for our newsletter