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EU director: Commission remains vigilant on content, timing of audit reforms
The Commission sees the creation of a 'black list' of prohibited non-audit services and the rotation of audit firms as essential to restore investor trust and is pushing for these rules - and changes to EU auditing standards oversight - to be agreed before the end of the European Parliament's term next spring, says Ugo Bassi.
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EU-US trade deal offers hope on reporting convergence
SPECIAL REPORT / EU trade negotiators are optimistic that they can secure a place for financial services regulation within key trade talks next week (27 November), offering some hope that this will help spur the US towards more convergence in international corporate reporting.
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Furore over tax evasion opens door to new EU proposal on corporate tax
SPECIAL REPORT / EU leaders responding to the public outcry over tax evasion by multinational companies have triggered a quest for pan-European solutions to tax fraud, but the debate has also enabled the European Commission to return to a controversial proposal for a Common Consolidated Corporate Tax Base (CCCTB).
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Commission to overhaul reporting standards body by end of year
SPECIAL REPORT / The European Commission is set to issue by the end of the year new regulations on accounting standards, overhauling the current standards body and meeting European Parliament concerns that Europe has become a lackey for US influence in the sector.
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EU ministers and MEPs in logjam over auditor rotation
SPECIAL REPORT / Plans to force companies to change accountants regularly are causing a logjam in negotiations between the European Parliament and Council, threatening to delay reforms that the Commission has insisted it wants agreed by the end of its mandate.
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Member states backtrack on corporate reporting pledge
SPECIAL REPORT / A pledge made by heads of state and government this summer to beef up corporate social responsibility reporting for European companies is set to be ditched because too few member states are prepared to support it, EURACTIV has learned.
