UK business lobby loses fight for Brussels climbdown over audit committee reforms

UK business leaders have not managed to persuade Frits Bolkestein, European Commissioner for the Internal Market, to back down over plans for the reform of audit committees.

Association of British Insurers: Homepage http://www.abi.org.uk/

Confederation of British Industry: Homepage http://www.cbi.org.uk/home.html

European Commission: DG Internal Market: Financial Reporting: Auditing http://ec.europa.eu/comm/internal_market/auditing/index_en.htm

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