International networks face break-up risk

Article Abstract:

Accountancy firms are increasingly worried in 2006 that smaller international networks might have to be broken up for fear of litigation. The concerns are partly caused by the European Union (EU) Eighth Directive that seeks to define the exact relationship between member firms, which could mean that one member firm could be liable for any errors made by another.

International economic relations, International aspects, Liability (Law), Legal liability, Trade policy

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Process of elimination

Article Abstract:

The concept of due process that implies being protectionist about account rules has spread to the US business generally. The European Commission has also decided to insert the process so that it could 'endorse' such rules in its accounting firms.

Accounting Methods, Accounting

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Who cares what people think?

Article Abstract:

The collapse of Arthur Andersen has lead organizations to worry more about their firm's professional reputations. As part of this equation, firms should remember that more business information is widely and easily available to the public.

Customer Relations, Company legal issue, Cases, Arthur Andersen L.L.P.

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