European Commission sets out priorities to improve audit quality
22 May 2003
The European Commission has published a 10-point plan for improving and harmonising the quality of independent audits throughout the EU.
Approximately two million European companies are required by statute to have an annual audit. To implement the plan, existing European legislation (particularly the 8th Directive) will be revised and extended. The plan is divided into short and medium-term priorities:
Click for EC Announcement (PDF 79k) and Full Text of Plan (PDF 82k)
Short-Term Priorities (2003-2004)
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