E.U., U.S. To Integrate Auditing, Oversight Systems

Law360, New York (March 6, 2007, 12:00 AM EST) -- The European Union and the United States have launched talks to step up cooperation between the two regions’ auditor surveillance authorities and move towards full reliance on each other’s oversight systems.

E.U. Internal Market and Services Commissioner Charlie McCreevy and Public Company Accounting Oversight Board Chairman Mark Olson met in Washington D.C. on Tuesday to discuss the matter.

E.U. laws currently require U.S. auditors of a company listed on an E.U. member market to be registered and regulated in the E.U. member state. If the U.S....
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