Beyond the GAAP no. 196 - 2025
DienstenAudit & assuranceCorporate reportingAudit & accounting advisoryInternationale nieuwsbrieven
Beyond the GAAP no. 196 - 2025
On 26 February 2025, the European Commission presented its simplification proposals as part of the ’Omnibus’ package, aiming to reduce the administrative burden on companies, particularly due to the CSRD and the EU Taxonomy Regulation. These proposals mark the beginning of a long legislative process that could significantly shift corporate sustainability reporting by introducing new thresholds, a new implementation timeline, and new standards.
In practice, the European Commission (EC) is proposing to delay by two years the requirement to publish sustainability information for current waves 2 and 3 companies through the ’Stop the Clock’ Directive, which could be transposed into national law of EU Member States before 31 December 2025. The proposed ’Content’ Directive should require more time before a political agreement is reached since it aims to reduce the Corporate Sustainability Reporting Directive (CSRD) scope by about 80%, targeting only large companies with more than 1000 employees. A Delegated Act significantly streamlining the ESRS is also announced. Additionally, the EU Taxonomy Delegated Acts will be simplified, with the first round of proposals submitted for public consultation by 26 March 2025.
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Inge van Sloun Director
Audit & accounting advisory
Onze experts hebben een brede achtergrond en uitgebreide ervaring binnen financial audit en financiële verslaggeving. Vanuit deze expertise kunnen wij u helpen om te voldoen aan diverse vereisten - niet als onafhankelijk accountant, maar samen met u, als vertrouwde business partner. Hierbij is ons uitgangspunt dat onze gezamenlijke output ‘audit ready’ is: klaar om te worden gecontroleerd en geaccepteerd...