ACCOUNTING DIRECTIVES – FRAUD
November 1st, 2004
Keith NuthallKEY revisions to the European Union's (EU) accounting directives have been proposed by the European Commission, to boost confidence in financial reporting by companies. The proposals extend and clarify the responsibilities of boards to ensure accurate and comprehensive information is released to investors and the public. Said outgoing EU internal market Commissioner Frits Bolkestein: "Recent financial scandals show that investors and the public need more protection against cheats. We want to kill four birds with one stone, by ensuring that company ...
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