TITLE

Prospering in the European Community: state aids and financial reporting

AUTHOR(S)
Mead, Richard D. W.
PUB. DATE
November 1990
SOURCE
Financial Executive;Nov/Dec90, Vol. 6 Issue 6, p44
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article discusses state aid and financial reporting in the European Commission (EC). Member states may offer incentives to attract businesses, and although the EC believes state aids and exchange-rate movements are apt to be offsetting, it may still scrutinize the impact of a given aid package on competition. The EC also seeks to harmonize the various standards for financial reporting among its constituent nations, with the aim of making reports between nations comparable. The EC will participate in the International Accounting Standards Committee's consultative committee, as well as various steering committees. INSET: Just what are the EC's Fourth and Seventh Directives?.
ACCESSION #
14825995

 

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