Book contents
- Corporate Groups and Shadow Business Practices
- Corporate Groups and Shadow Business Practices
- Copyright page
- Dedication
- Contents
- Foreword
- Preface
- Part I Setting the Scene
- Part II The Emergence of Group Complexity
- Part III Decomposing Corporate Groups
- Part IV Deficiencies of Formal Approaches to Group Transparency in EU Law
- 7 The Partly Transparent Corporate Group under Accounting Law Principles of Consolidated Accounts
- 8 The Contribution of Company Law to Group Transparency
- 9 Uncovering Decoupling Techniques
- 10 Intermediate Results
- Part V Systems Approach as a More Comprehensive Concept toward Group Transparency
- Part VI Results
- Bibliography
- Index
7 - The Partly Transparent Corporate Group under Accounting Law Principles of Consolidated Accounts
from Part IV - Deficiencies of Formal Approaches to Group Transparency in EU Law
Published online by Cambridge University Press: 04 May 2022
Book contents
- Corporate Groups and Shadow Business Practices
- Corporate Groups and Shadow Business Practices
- Copyright page
- Dedication
- Contents
- Foreword
- Preface
- Part I Setting the Scene
- Part II The Emergence of Group Complexity
- Part III Decomposing Corporate Groups
- Part IV Deficiencies of Formal Approaches to Group Transparency in EU Law
- 7 The Partly Transparent Corporate Group under Accounting Law Principles of Consolidated Accounts
- 8 The Contribution of Company Law to Group Transparency
- 9 Uncovering Decoupling Techniques
- 10 Intermediate Results
- Part V Systems Approach as a More Comprehensive Concept toward Group Transparency
- Part VI Results
- Bibliography
- Index
Summary
This chapter analyzes the extent to which accounting law, a foundational legal domain for determining corporate control for consolidation purposes, addresses de facto control. De facto control is not a harmonized concept in EU secondary law through accounting regulation. However, listed companies in EU Member states are obliged to report in accordance with IFRS; private limited liability companies follow consolidation requirements set out in domestic transpositions of the Accounting Directive.
- Type
- Chapter
- Information
- Corporate Groups and Shadow Business Practices , pp. 167 - 202Publisher: Cambridge University PressPrint publication year: 2022