NEW AUDIT RULES COULD DRIVE SMALL ACCOUNTING FIRMS OUT
June 1st, 2016
Small accounting firms could be driven out of Europe’s auditing market by new European Union (EU) audit rules that came into force on June 17 experts warned a joint European Confederation of Directors Associations (ecoDa) - PricewaterhouseCoopers (PwC) conference. Entitled ‘Audit committees at the heart of the Audit Reform’, the Brussels meeting examined the impact of EU directive 2014/56/EU on statutory audits – the law is designed to prevent conflicts of interest between auditors and their clients. Its goal is stopping cosy relationships developing ...
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