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PwC's response to the European Commission's (EC) initiative on the rationalisation of reporting requirements
Publication date: 11 Dec 2023
gx PwC comment letter
We fully support the EC’s aim to reduce the corporate reporting burden and believe it is a positive move towards reducing the time and resources necessary to meet reporting requirements. A reduction in regulatory burden for companies, while ensuring users have the information they need to make informed decisions, is important. Straightforward and consistent corporate reporting facilitates greater clarity and transparency, reduces costs, and helps users identify the information they need.
In our letter of 8 August 2023, we shared suggestions for where existing EU law, and current legislative proposals, could be simplified, as well as three broad areas of focus for simplifying reporting requirements:
- Consistency and alignment across reporting requirements.
- Reporting requirements that would benefit from further clarity.
- Ongoing assessment.
In addition, to the points made in our August letter, we set out some further comments relating to each of these three focus areas in the attached appendix."
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