Business, Management and Accounting
4 years ago

Simplifying financial reporting for small companies may compromise reliability, stakeholders warn.

Managing Intellectual Capital and Innovation for Sustainable and Inclusive Society: Managing Intellectual Capital and Innovation; Proceedings of the MakeLearn and TIIM Joint International Conference 2015
Changes in Obligatory Financial Reporting of Small and Micro Companies in the European Union in the Opinion of Stakeholders
Małgorzata Kamieniecka

Paper Summary

The article explores changes in financial reporting requirements for small and micro companies in the EU, focusing on Poland. Stakeholders' opinions on these changes were gathered through reviews of regulations, literature, and comments from various organizations. Simplifying financial reporting can help small businesses, but there are concerns about the reliability of the information provided. The balance between reducing bureaucracy and ensuring useful information for decision-making remains a challenge.

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