STATUTORY AUDIT LAW
December 1st, 2004
Keith NuthallTHE EUROPEAN Union's outgoing Dutch presidency has predicted that a quick agreement could be achieved with the European Parliament this Spring over the proposed directive on improving statutory audit controls. Its confidence was based on a common approach agreed before Christmas by EU finance ministers that will be presented to MEPs, in the hope that the legislation can be agreed in one reading, instead of the usual two. The proposed legislation was drafted in the wake of the Parmalat and Ahold scandals, and was designed to ensure auditors are ...
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