EU audit reform delayed at least one week
Audit reform proposals from Brussels have been pushed back one week and maybe more
Audit reform proposals from Brussels have been pushed back one week and maybe more
AUDIT REFORM PROPOSALS by the European Commission have been delayed by a week, pushing back the publication date to 30 November or later.
Championed by internal markets commissioner Michel Barnier, a spokeswoman from his office was unsure whether they would even be published next week.
“We are working towards 30 November, but I can’t definitely confirm the proposals will be presented then,” she said.
The official reason for the delay is a surfeit of activity at the Commission, with the president due to present a package on annual growth at tomorrow’s press conference.
“He only presents one package at each conference and we don’t yet have the final arrangements for next week,” the spokeswoman added.
Experts have suggested the delay is, in fact, because of last-minute changes as a result of strong resistance from member states.
A recent meeting of the heads of cabinet might have given them the opportunity to express resistance and impact studies being carried out alongside the proposals could also have been a factor.
More to follow.
More about:
The numbers you crunch tell a story. Your expertis...
12yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThere is usually a silver lining to every dark cloud, and the one hanging over the UK accounting sector is no exception, says Leon Kamhi, Head of Resp...
View articleUnstructured, broader, real-time data - and who wants to use that information - is having a massive impact on the direction of travel for the audit pr...
View articleLucrative GSK audit shifts to Deloitte from PwC Read More...
View articleHMRC receives highest number of complaints in seven years; Deloitte scoops BP and Centrica audits; and corporate reporting under the microscope in our...
View articleBDO has scooped the audit role from Deloitte who were the previous auditors for Game Digital Read More...
View articleBDO’s investments in digital, its international network and culture meant it was “perfectly placed” to succeed, according to new managing partner Paul...
View articleBEIS issues guidance on the FRC’s role as the competent authority responsible for the oversight of audits of public interest entities, following the i...
View articleHead of editorial Kevin Reed discusses the accountants in the new cabinet; the FRC's report into audit market concentration; and the Top 40 Internatio...
View article