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Europe Daily Bulletin No. 8428

25 March 2003
Contents Publication in full By article 28 / 46
GENERAL NEWS / (eu) eu/financial services
Frits Bolkestein announces he will not propose reducing civil liability of auditors in May communication on audits

Brussels, 24/03/2003 (Agence Europe) - The European Commission does not intend to propose restricting the liability of auditors, when it presents its communication mid-May, Frits Bolkestein pointed out on Monday. After the recent financial scandals, especially in the United States, the financial liability of audit firms was evoked before the courts for amounts that were disproportionate to the receipts of the companies, the Commissioner recalled during a conference in London. Nonetheless, he...

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