Brussels, 16/05/2002 (Agence Europe) - On Thursday, a few weeks after the Enron bankruptcy (this is only a co-incidence), the Commission published a recommendation on the independence of statutory auditors in the EU, generally favouring that auditors be banned from carrying out an audit required by law if they have a relationship with their client that may compromise their independence.
The EU Accounting Directive requires annual and consolidated company accounts be examined by auditors...