Brussels, 15/05/2008 (Agence Europe) - At the beginning of May, the European Commission issued a Recommendation on external quality assurance for statutory auditors and audit firms auditing public interest entities, such as companies quoted on the stock market and banks. It provides guidance for establishing an independent and effective system of inspections for the auditing profession, while participating in national systems.
Directive 2006/43/EC on audit statues, whose transposition...