ACCOUNTANCY: COMMISSION TO RECOMMEND NEW AUDITING GUIDELINES.

The European Commission will publish a series of recommendations for auditing best practice within the next couple of weeks, a Commission spokesman confirmed on April 2. The EU executive board has been considering a series of proposals drawn up at the end of March by the EU's auditing committee, which is made up of representatives of Member States and the auditing profession. The recommendations on auditors' independence are to be used as a code of conduct throughout the European Union. The experts have been examining whether auditors should be allowed to offer...