An agreement on the reform of the EU audit market, concluded by the European Parliament and Council in December 2013 (see Europolitics 4775), was approved by Parliament's Committee on Legal Affairs (JURI), on 21 January, with 13 votes in favour, right against and one abstention. The text must now be formally approved by Parliament's plenary session on 11 March, and by the Council of Ministers during their next meeting.
A response to the dysfunction in the audit market as revealed…