BRUSSELS LAUNCHES BARRAGE OF LEGAL ACTIONS OVER ACCOUNTING RULES
June 1st, 2009
BY KEITH NUTHALL
THE EUROPEAN Commission has opened nine case files as it attempts to force European Union (EU) member states to comply with EU accounting and auditing directives. Brussels is taking four briefs to the European Court of Justice (ECJ) regarding Austria, Ireland, Italy and Spain, which it accuses of failing to comply with the 2006 statutory audit directive (2006/43/EC). This was supposed to have been implemented across the EU by June 2008 and was designed to boost the quality of audits in Europe. Notably, it requires member state to establish ...
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