BRUSSELS CRACKS DOWN ON AUDIT DIRECTIVE NON-IMPELENTATION

BY KEITH NUTHALL THE EUROPEAN Commission is taking Italy to the European Court of Justice for failing to implement the 2006 European Union (EU) statutory audit directive - approved following the country's notorious Parmalat scandal. Its implementation deadline was June 2008; its aim - boosting European audit quality. Notably, it requires member state to establish external quality assurance and public oversight systems, encouraging co-operation between financial regulators. Austria, Ireland and Spain are also being taken to the court over non-implementation of ...


Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.