National governments are keen to see the proposal swiftly become law and have forwarded their common position to the European Parliament with a request that it approves the proposed directive ‘at the earliest possible opportunity’.
Its aim is to cajole Member States into dragging their remaining distinct national accounting laws closer to IAS blueprints. The proposals would also make it more difficult to hide liabilities by using superficially separate ‘special purpose vehicles’.
UK senior partner Phil Verity has been elected for a second term at Mazars
An audit partner has been appointed at Grant Thornton in its North West offices
KPMG has been appointed with “immediate” effect as the auditor of Dorcaster
The audit for Ibstock will be taken over by Deloitte following a competitive tender process