PracticeAuditEC puts IASB accountability demands in writing

EC puts IASB accountability demands in writing

Submission to standards-setters pressures for greater European influence and accountability.

The European Commission has put in writing its demands that Europe has greater influence over international accounting standards-setters.

Link: McCreevy ‘seeks changes’ to services directive

In a submission to the International Accounting Standards Committee Foundation over proposed changes to its constitution, the EC insisted that a clear preference be given to countries that applied the standards or are to do so in the near future. The same method would also be used for appointing trustees.

The demands echo calls made by internal market commissioner Charlie McCreevy when speaking to Accountancy Age last week.

‘We sent our recommendations to the constitutional review and we don’t think they have taken on board our discussions,’ said McCreevy. ‘The main goals are to have more accountability and transparency in the selection process for trustees.’

Related Articles

PwC replaces EY as Domino's auditor

Audit PwC replaces EY as Domino's auditor

2d Alia Shoaib, Reporter
The ‘uncomfortable truth’ behind FRC’s Big Four fines recommendations

Audit The ‘uncomfortable truth’ behind FRC’s Big Four fines recommendations

1w Carl Johnson, Stephensons
BDO holds off Big Four to retain top position as AIM auditor

Audit BDO holds off Big Four to retain top position as AIM auditor

1w Alia Shoaib, Reporter
FRC urged to fine Big Four firms penalties over £10m

Audit FRC urged to fine Big Four firms penalties over £10m

3w Alia Shoaib, Reporter
EY to audit Standard Chartered bank

Audit EY to audit Standard Chartered bank

1m Alia Shoaib, Reporter
KPMG replaces PwC as Croda auditor

Accounting Firms KPMG replaces PwC as Croda auditor

2m Emma Smith, Managing Editor
EY fined £1.8m over Tech Data audit

Accounting Standards EY fined £1.8m over Tech Data audit

2m Emma Smith, Managing Editor
Top 50+50: Firms post significant growth in new tax and audit rankings

Audit Top 50+50: Firms post significant growth in new tax and audit rankings

2m Emma Smith, Managing Editor