Frits Bolkestein, the commissioner for single markets, struck out at the US corporate governance legislation while launching EU reforms yesterday.
‘Sarbanes-Oxley has been drafted in a rush and it shows. There is such a thing as over-reacting and overshooting the mark,’ he was reported in the Financial Times as saying.
The EU has masses of reforms for financials services but accountants and listed companies have been preoccupied with the demands of the US legislation because of its immediate cross-border effects.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements