The prospectus directive proposed by the commission is designed to harmonise prospectuses that companies issue when they are to be admitted into trading.
But the QCA said companies would have to issue more detailed accounts and be faced with other professional costs. It estimated costs for the UK companies alone could reach £500m.
?The directive would impose a high level ?one size-fits-all? regulatory regime that ignores the fact that the majority of companies do not raise capital outside the home country.?
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements
Charles Tilley's departure from CIMA leaves the accounting world quieter, but his institute with an exciting foundation