Keith Nuthall
FORMAL guidelines have been issued by the European Commission, which call on EU Member States to ensure that auditors should be banned from carrying out a statutory audit if they have any possibly compromising relationship with a client.

These, said Brussels official Regulation, "may include any financial, business, employment or other link, or any situations where the auditors provide to the same client services additional to the audit."

Although the guidelines are not legally binding, they are a clear good practice benchmarks ...

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