Monday, 21 November 2011

Europe: Commission's audit market reform proposals expected next week

The European Commission has announced - see here - that its audit market proposals will be published on 30 November, following the consultation which ended last year.  The Financial Times has reported - see here - that the ambitions of the internal market commissioner, Michel Barnier, have met with some resistance from his fellow Commissioners and that this seems likely to result in Mr Barnier compromising on plans to require large companies to have joint auditors.

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