Europe exhorts US to end dual audit demand by 2007

The US has been urged to drop its costly requirement that European companies with US share listings produce financial statements under American accounting rules. John Tiner, chairman of the Committee of European Securities Regulators' group on financial reporting, said 2007 should be an appropriate time for the US to end its requirement that European companies reconcile their accounts to US rules.

http://www.cesr-eu.org/ http://www.cesr-eu.org/

---