Modernisation of company accounting legislation and of the Commission of Accounting Standards

Draft bill no. 6376 was adopted by the Chamber of Deputies on 9 July 2013.

The law dated 30 July 2013 reformed the Commission of Accounting Standards (‘the Law’) and amended various provisions relating to the accounting and annual accounts of undertakings as well as consolidated accounts of certain forms of companies and modified: title II of book I of the Commercial Code; title II of the law dated 19 December 2002 relating to the register of commerce and companies as well as to the accounting and annual accounts of undertakings; and section XVI of the Law dated 10 August 1915 on commercial companies.

One of the most important innovations of the Law relates to the Commission of Accounting Standards (Commission des Normes Comptables), which is now established under the legal form of an economic interest group (groupement d’intérêt économique) in order to grant to this entity new human and financial resources as well as more independence/autonomy to carry out its missions. The Commission of Accounting Standards will have the legal personality and the power to levy an administrative tax amounting to a maximum of €10 (£8) on filings of annual and consolidated accounts…

Click on the link below to read the rest of the Wildgen briefing.

Sign in or Register to continue reading this article

Sign in


It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer


Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.


Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.


Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.


69, Boulevard de la Pétrusse