Date: 5th October 2016
Author:
Type: In the news
The EU Parliament JURI Committee has voted on 26 April on the new proposals aimed at reforming the audit profession looking to increase audit quality and investor renew confidence in financial reporting.
EuroFinUse pushes for mandatory tendering after 7 years and auditor rotation after 14 years to achieve a higher quality, dynamic and open audit market.
EuroFinUse believes that the approved text will not address the current lack of investors’ confidence in financial statements.