European Union

Karel Hulle and Leo Tas

Chapter Chapter 13 in Transnational Accounting, 1995, pp 1047-1134 from Palgrave Macmillan

Abstract: Abstract During the negotiations which led to the adoption of the Fourth Directive on the annual accounts of limited liability companies, it was already pointed out that when a company belonged to a group, the annual accounts of that company alone would not be sufficient to give a true and fair view of its position. The Preamble to the Fourth Directive (Recital 12) therefore refers to the adoption of another Directive which would deal with group accounts in order to give ‘a true and fair view of the activities of the group as a whole’. Several provisions of the Fourth Directive were merely temporary ‘until the entry into force of a Council Directive on consolidated accounts’ or Tending subsequent coordination’ (Fourth Directive Arts 56 to 59 and 61, redrafted and made permanent by Seventh Directive Arts 42 to 46).

Keywords: EUROPEAN Union; Member State; Balance Sheet; Group Account; Annual Account (search for similar items in EconPapers)
Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-13233-1_13

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DOI: 10.1007/978-1-349-13233-1_13

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