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FEE guidance on pan-European prospectuses

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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.

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