OVERSIGHT LETTER
January 1st, 2004
BY KEITH NUTHALLTHE EUROPEAN Commission is trying to temper the zeal of the US government's bid to have oversight of non-American public accounting firms, calling for a lighter touch, with more respect for European Union (EU) laws and mutual assistance for the monitoring of US audit firms.Writing to the newly-created US Public Company Accounting Oversight Board, Commission internal market director general Alexander Schaub said: "Cooperation between international regulators is essential - but it must be based on mutual respect of each partner's laws and ...
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