Barnier’s audit reform unveiled tomorrow

INTERNAL MARKETS commissioner Barnier will present his audit reform proposals to European Parliament tomorrow, one week later than planned.

A press conference will be held at 12:00, preceded by a technical briefing at 10:00.

Experts have suggested the delay was due to last-minute revision after the radical reforms met with strong resistance from member states, but a Barnier spokeswoman claimed emergency talks over the eurozone crisis were to blame.

Headline proposals include pure audit firms, mandatory joint audit and mandatory rotation, but critics claim the measures would not address Barnier’s proclaimed objectives.

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