Briefing
Reforming EU audit services to increase financial stability
Reforming EU audit services to increase financial stability
MEPs vote on Thursday on an agreement between Parliament and Council on legislation aimed at opening up the EU audit services market beyond the dominant "Big Four" firms and remedying auditing weaknesses revealed by the financial crisis.
The reform package, consisting of a directive and a regulation, also seeks to improve audit quality and prevent conflicts of interest with a view to increasing the sector’s contribution to economic and financial stability.
Vote: Thursday, 3 April
Procedure: codecision (ordinary legislative procedure); first reading agreement
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