SARBANES-OXLEY – EU
February 1st, 2005
BY ALAN OSBORNTHE EUROPEAN Accountants Federation (FEE) is assessing moves at the European Union (EU) to pass legislation that reflects some of the changes made in the USA under the Sarbanes-Oxley Act. The FEE is preparing a position paper on the EU's 8th company law directive, which is primarily concerned with auditing issues, but, said a spokesman, is "not exactly equivalent to section 404 of the SO Act because it doesn't require an audited statement regarding the internal control of the company".Indeed, an explanatory memorandum to the proposal from the ...
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