EC Commissioner McCreevy speaks about IASB
03 Feb 2005
In a speech before the Economic and Monetary Affairs Committee of the European Parliament in Brussels on 1 February 2005, Charlie McCreevy, the new European Commissioner for Internal Market and Services, spoke about "democratic governance and political accountability of international standard setters".
The Commission is working hard to influence the reform process underway within the IASB and is looking very carefully at the arrangements proposed for the IAASB which will elaborate International Standards on Auditing. In considering this issue we must not lose sight of our overall goal, namely the adoption of international standards which will make it easier for companies to list in the EU and elsewhere across the globe. There are 3 key points:
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