Originally posted on 18 Dec 2013

A framework of EU audit reform has been preliminarily agreed during the final trilogue by the Lithuanian EU Council presidency and the European Parliament, reports Accountancy Age on 17 December 2013.

During the last trilogue negotiations preliminary agreement was reached over the whole legislative package of EU audit reforms, which include forcing EU listed companies to change their auditors.

The framework is now subject to the final agreement by member states later this week.

The reforms, originally proposed by EC internal markets commissioner Michel Barnier in 2010, are intended to reduce the concentration of the audit services being provided by the Big Four accountancy firms of PwC, KPMG, Deloitte and EY.

Read the full article at Bizezia News here.

Martin Pollins

Martin Pollins

Managing Director at Bizezia
Martin Pollins is a Chartered Accountant with wide experience in corporate finance and business management. He holds a number of directorships and has served on the boards of several companies, including those listed on the London Stock Exchange, AIM and OFEX.

He was a Council member of the Institute of Chartered Accountants in England and Wales from 1988 to 1996.

Martin Pollins ran his own firm based in Sussex and was the first Accountancy firm in the UK to advertise on television and Martin went on to create and launch the CharterGroup Partnership (the UK's first Accountancy network) and then LawGroup UK (one of the largest networks of lawyers in the country).

Martin started work on the Bizezia concept in 1996, developing the broad range of information resources and products over the past 18 years.
Martin Pollins
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