EU audit reform delayed at least one week

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 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.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

1m Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

2m Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In 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 resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

2m Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article