DEBATE ON EU AUDITORS’ ROTATION LAWS UNRESOLVED AND DEAL WILL BE DIFFICULT TO SECURE
July 1st, 2013
A FINAL compromise on planned European Union (EU) laws on the timing of auditors’ rotation should be somewhere between the two proposed extremes of six years and 25 years, the EU internal market Commissioner Michel Barnier is arguing, as EU ministers and MEPs grope towards a deal on the issue. Barnier, a Frenchman, told EU economy and competitiveness ministers during a May debate in Brussels on the ongoing EU audit reform: “I don’t have any entrenched view on duration, but we must ensure we have an opening up of the market and effective audit.” His ...
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