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Europe Daily Bulletin No. 8666

16 March 2004
Contents Publication in full By article 16 / 48
GENERAL NEWS / (eu) eu/financial services
Commission makes audit ethics rules tougher

Brussels, 15/03/2004 (Agence Europe) - On Tuesday, the European Commission is to adopt a proposal of directive strengthening controls on audit firms responsible for the legal control of corporate accounts. Intended to avoid further scandals such as those of Enron, Parmalat or Ahon, the directive fixes ethical rules and proposes a model for coordination between Member States. A tit for tat response - after adoption of the Sarbane Oxley law in the United States, US audit firms will be under an...

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