Brussels, 28/10/2004 (Agence Europe) - Following the recent financial scandals (Enron, Parmalat, etc.), the Commission has proposed four key revisions of the EU's Accounting Directives with an aim to enhance confidence in financial reporting by companies.
The proposal adopted on Thursday confirms that board members of limited companies are collectively responsible to the company for the financial and other key information that they publish and that Member States should have appropriate...