Reality of E-Reporting of Annual Accounts of SMEs in the EU –McDonald ́s, BurgerKing, KFC and Subway Case Study

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F25940082%3A_____%2F18%3AN0000021" target="_blank" >RIV/25940082:_____/18:N0000021 - isvavai.cz</a>

Result on the web

<a href="https://www.aauni.edu/data/files/sbornik-ifrs-verze2.pdf" target="_blank" >https://www.aauni.edu/data/files/sbornik-ifrs-verze2.pdf</a>

DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Reality of E-Reporting of Annual Accounts of SMEs in the EU –McDonald ́s, BurgerKing, KFC and Subway Case Study

Original language description

The European e-Justice portal is a centralized platform for the publication of corporate, financial and accounting information about European businesses. Directive 2013/34/EU provides the compulsory publication of financial statements of businesses as stated in Directive (EU) 2017/1132 via e-Justice Portal, technically defined by Regulation (EU) 2015/884. This EU setting under the auspices of Europe 2020 is complemented by the national laws of EU member states. The e-Justiced portal should be placed where all this data is migrated and where European SMEs are able to not only look for information about their business partners and competitors, but as well post information about them, even if this is not required by the EU law and/or national laws. Since the e-Justice portal has been operating for several years, updated and improved, its current version should be assessed and tested whether it is a real, transparent and free source of information about SMEs. Therefore, after a legislative overview, a practical case study is performed. Similar SMEs incorporated in the majority of EU member states are selected (McDonald's, BurgerKing, KFC and Subway) and the availability of their annual accounts is assessed. The results do not support the pro-EU hypothesis that these annual accounts are available in a similar manner and under similar conditions. Namely, despite all the e-transparency rhetoric, it seems that many national business registers and/or SMEs are not ready to freely go for an e-reporting of annual accounts and so an asymmetry of information and a potential for unfair competition is created.

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

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OECD FORD branch

50205 - Accounting

Project

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Continuities

N - Vyzkumna aktivita podporovana z neverejnych zdroju

Publication year

2018

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

IFRS: Global Rules and Local Use: Proceedings of the 6th International Scientific Conference

ISBN

978-80-906585-7-8

ISSN

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e-ISSN

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Number of pages

16

Pages from-to

142-157

Publisher name

Anglo-americká vysoká škola, z.ú.

Place of publication

Praha

Event location

Praha

Event date

Oct 11, 2018

Type of event by nationality

EUR - Evropská akce

UT code for WoS article

000461826900014