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Europe Daily Bulletin No. 8475

4 June 2003
Contents Publication in full By article 12 / 35
GENERAL NEWS / (eu) eu/ecofin
Fifteen call on United States for moratorium on Sarbane-Oxley law

Luxembourg, 03/06/2003 (Agence Europe) - The EU15 Finance Ministers are calling on the United States for a moratorium on application of the Sarbane-Oxley law on European audit firms, in order to negotiate a mutual recognition agreement for audits. The law in question, which makes it an obligation for European audit firms to register with the Public Company Accounting Oversight Board (PCAOB) in the United States is binding, costly and of no purpose, they say in a declaration adopted on...

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