Audit work restrictions continue in France in defiance of EU rules
The French accounting regulator has refused to bring its audit rules into line with EU law and looks set for a courtroom showdown with the European Commission.
The regulator, Haut Conseil Du Commissariat aux Comptes, has not backed down on its rules despite an EC demand that they change their rules or face a court case in the European Courts of Justice. Instead it is arguing that its rules contravene no EU laws.
The Internal Markets Commission assessed French audit rules, following complaints from the top six firms who claim that France’s law restricts their rights to offer advisory and assurance services in other territories.
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