The European Commission has published for consultation a draft delegated regulation adjusting the size
criteria applicable to undertakings and groups under the Accounting
Directive.
Under the Accounting Directive, the classification of
undertakings or groups into "micro", "small",
"medium-sized", and "large" is based on meeting
two out of three size criteria:
- balance sheet total;
- net turnover; and
- average number of employees.
The proposed adjustments increase the monetary size criteria.
For example, the monetary thresholds for a "large"
undertaking or group would be adjusted as follows:
- Balance sheet total: from exceeding EUR
20,000,000 (currently) to exceeding EUR
25,000,000; and
