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Europe Daily Bulletin No. 8156

22 February 2002
Contents Publication in full By article 19 / 50
GENERAL NEWS / (eu) eu/finance
Bolkestein attacks American accounting standards

Brussels, 21/02/2002 (Agence Europe) - European Commissioner for Financial Services Frits Bolkestein attacks the American accounting standards which, he says, are responsible for Enron's fall. In an interview in The Financial Times, he explains that he asked his accountants whether the bankruptcy of Enron was "just a matter of hanky-panky" or whether it had something to do with the nature of American accounting standards (US GAAP, Generally Accepted Accounting Principles). His response was...

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