AUDIT COMMITTEE VOTE
May 1st, 2005
Keith NuthallLISTED companies within the European Union (EU) may escape plans to force their appointment of mandatory audit committees that oversee their accounts, after the idea was rejected by MEPs. The European Parliament's legal affairs committee has approved amendments that would abolish this requirement, after accepting arguments pushed by Dutch Christian Democrat MEP Lambert Doorn. His proposal said: "The requirement to introduce an audit committee for (listed companies) leads to complicated regulation and disrupts the debate on the further development of ...
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