Press release

8 June 2015

FEE sheds light on the possible impact of TTIP on European professional accountants and auditors

Brussels, 8 June 2015

Preceding the first European Parliament plenary vote on the negotiations for the Transatlantic Trade and Investment Partnership (TTIP), this FEE Information Paper explores how this trade and investment deal could be relevant for the accounting and audit profession. It addresses three relevant subjects that have come up in the negotiations between the EU and USA, namely:

  • recognition of the professional qualifications of accountants and auditors
  • standards for the accounting profession
  • oversight of the audit profession

Background:

  • Since July 2013, the European Union and the United States have been negotiating a trade and investment deal: the TTIP. TTIP aims to make it easier for the EU and USA to invest in each other’s economies and to buy and sell each other’s goods and services. Not only by removing trade barriers, but also by making their rules more compatible, so EU/US companies can more easily access each other’s markets.
  • The 28 EU Member States have mandated the European Commission to negotiate with the USA on their behalf. The Commission coordinates closely with the Member States and with the European Parliament, who will ultimately have to approve of the trade agreement. The EU and the USA expect to conclude their negotiations in 2016.
  • On 10 June 2015, the plenary European Parliament will vote on a report containing the European Parliament’s recommendations to the European Commission on the negotiations for TTIP.

 

Related Document

FEE Information Paper on the Transatlantic Trade and Investment Partnership (TTIP)

 

More information

European Commission’s TTIP website
TTIP in 6 pages
Questions and Answers
Services in TTIP

  

Related content

EventImplementing ESEF

12 October 2020

Consultation responseEC’s consultation on AML action plan

16 July 2020

Consultation responseEC’s consultation on the renewed sustainable finance strategy

15 July 2020

UpdateAudit Policy

13 July 2020

UpdateTax Policy

10 July 2020

NewsEuropean tax professionals call for better tax governance

10 July 2020

UpdateTechnology

9 July 2020

UpdateSME Update

3 July 2020

UpdateSustainable Finance

30 June 2020

EventEurope’s economic recovery from COVID 19

30 June 2020

UpdateTax Policy

26 June 2020

In the mediaQuandary over future European supervisor, stakeholders give their opinions

25 June 2020

UpdateAudit Policy

23 June 2020

NewsJoint statement on the revision of the non-financial reporting directive in the context of Covid-19

23 June 2020

NewsAccountancy Europe leads the non-financial reporting debate

17 June 2020

Consultation responseEC’s consultation on the Non-Financial Reporting Directive revision

15 June 2020

Podcast Europe and the coronavirus crisis: what’s next?

12 June 2020

UpdateTax Policy

12 June 2020

EventThe EU’s fight against financial crime: Diving into the Anti-Money Laundering Action plan

10 June 2020

UpdateTax Policy

29 May 2020

Sign up for our newsletter