FEE guidance on pan-European prospectuses
29 Nov 2004
The European Federation of Accountants (FEE) has published a discussion paper on Auditors' Involvement with the New EU Prospectus Directive.
The Directive, which comes into force on 1 July 2005, is aimed at simplifying capital raising in Europe and is a key step in creating a single European market for financial services. The Directive requires involvement of the auditor to give assurance on historical and prospective financial information. FEE's paper provides national auditing standard setters with a framework within which standards might be developed to implement the requirements of the Directive. More information is on the FEE Website.