Einde inhoudsopgave
Corporate Social Responsibility (IVOR nr. 77) 2010/4.2.1
4.2.1 The Accounting Directives
Mr. T.E. Lambooy, datum 17-11-2010
- Datum
17-11-2010
- Auteur
Mr. T.E. Lambooy
- JCDI
JCDI:ADS364570:1
- Vakgebied(en)
Ondernemingsrecht (V)
Voetnoten
Voetnoten
Directive 2003/51/EC of the European Parliament and of the Council of 18 June 2003 amending Directives 78/660/EEC, 83/349/EEC, 86/635/EEC and 91/674/EEC on the annual and consolidated accounts of certain types of companies, banks and other financial institutions and insurance undertakings. Available at http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=CELEX:32003L0051:EN:NOT. See §§ 5, 9, 11, 14 and 15 and Preamble, Modernisation Directive.
Directive 86/635/EEC on the annual and consolidated accounts of banks and other financial institutions (Directive Four A) and Directive 91/674/EEC on the annual and consolidated accounts of insurance companies (Directive Four B) were also amended by the Modernisation Directive. W.J. Slagter, 'Ondernemingsrecht' (Kluwer: Deventer 2005), p. 472, §§ 112.3-16.
Accordingly, Article 1.14 replaces Article 46, § 1, of the Fourth Directive, Article 2.10 replaces Article 36 of the Seventh Directive, Article 3.1 replaces article 1, §§ 1 and 2, of Directive Four A and Article 4.1 replaces Article 1, §§ 1 and 2, of Directive Four B.
The Modernisation Directive on the annual and consolidated accounts of certain types of companies, banks and other financial institutions, and insurance companies came into force on 18 June 2003. It aims to harmonise and modernise the national accounting laws and, by doing so, to create IAS.1 Previously, the European legislator issued Directive 78/660/EEC on the annual accounts of companies (the Fourth Directive) and Directive 83/349/EEC on consolidated accounts (the Seventh Directive).2 The Modernisation Directive replaces certain articles of these accounting directives with a view to filling in a number of blanks and improving them.3