Following the issuance of several directives in the EU, including the 4th, 7th and 8th, it appears that

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The directives mentioned indicate that mutual recognition of each other's accounting standards and practices is becoming the norm in the EU. This suggests a move towards increased flexibility rather than a set of standards that all countries would follow. There is no indication that new accounting regulations are imminent or that stock exchanges are losing their influence.

Following the Issuance of Several Directives in the EU, Including