FINANCIAL TRANSPARENCY – EU
May 1st, 2004
Keith NuthallTHE EUROPEAN Commission has asked accountants for their views on its plans to reform accounting rules in the European Union's (EU) 4th and 7th company law directives to boost transparency and disclosure and prevent financial scandals. Brussels wants to define carefully the responsibility held by all board members on ensuring correct company information is released. It wants views on whether they should guarantee the authenticity of non-financial information, and whether the duties of supervisory and management boards should be differentiated, for ...
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