1. Federico Diomeda, Chief Executive Officer
The European Federation of Accountants and Auditors for small and medium-sized enterprises
Financial reporting in Europe for non listed companies – An ongoing challenge
Federico Diomeda, Chief Executive Officer
Slovenian Chamber of Accounting Services Assembly 13 October 2010

2. Background and evolution
The origin: 4th and 7th Directives
IAS for listed companies: reg /2002
IFRS for SMEs : 2009
Overhaul of the 4th and 7th Dir
Simplification: what’s that?
Slovenian Chamber of Accounting Services Assembly 13 October 2010

3. EFAA and the key players
EFAA and EFRAG: the SME WG
EFAA and IASB: active interaction
EFAA and the Commission: comments and contacts
EFAA positions: comment letter on IFRS for SMEs and on the reform of the accounting Directives
EFAA actions: the comparison between IFRS for SMEs and main national GAAPs
Slovenian Chamber of Accounting Services Assembly 13 October 2010

4. Where are we going in Europe
Exemption for Micro entities: good or bad?
Small businesses: a new way forward from the Commission, but…
Harmonisation in Europe: how to get it at this point in stage
EFAA policy paper to help proper developments
Slovenian Chamber of Accounting Services Assembly 13 October 2010

5. THANK YOU Questions welcome
Slovenian Chamber of Accounting Services Assembly 13 October 2010