EU ROUND UP
May 1st, 2003
BY MARK ROWETHE EUROPEAN Union has been very active in recent weeks, regarding legislation that affects accountants and auditors.Earlier this month (May) the Commission issued a recommendation on statutory auditors' independence within the EU, indicating that auditors who have a relationship with their client that might compromise the auditor's independence should be prohibited from carrying out statutory audits. The EU expects the recommendation to be immediately applied with a view to making it legally binding in three years' time.In addition, on May 6 the EU ...
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