Together the two Directives seek to improve the credibility of financial statements provided by businesses in the EU, establish some basic sets of principles for the conduct of statutory audits and to engender good corporate governance practice.
The Department for Business Enterprise and Regulatory Reform (BERR) has conducted consultations on the impact of the two Directives on companies. Copies are available on the BERR website (external link).
This consultation is therefore specifically aimed at the mutual societies for which the Treasury has policy responsibility (i.e. building societies and friendly societies). BERR are implementing the provisions of the Directives in relation to Industrial & Provident Society Insurers, which are within the scope of the Directives. This consultation is open from 4 January 2008 to 29 February 2008.
Here are the documents we were able to locate that relate to this consultation:
Adobe PDF, 426Kb)This tab normally contains any mentions of this consultation that we could find in Hansard, the official record of what's said in Parliament. There are probably some mentions that we couldn't find -- MPs don't always use the full title of the consultation, which makes it hard to tell what they're talking about.
We haven't been able to find anything relevant for this consultation yet. If you're particularly interested in things that have been said in Parliament about this consultation, you might want to try searching TheyWorkForYou.com.
If you feel strongly about the issues this consultation raises, spread the word! The government is much more likely to respond substantively to your ideas or concerns if they are shared by others.
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