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Editors

Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Bill Steinman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

New EU regime for statutory audits

A new EU-regime for statutory audits came into force on June 16, 2014. Although the new framework applies to all statutory audits, the most significant reforms relate to public interest entities (PIEs) which include listed companies, credit institutions, insurance undertakings and potentially other nationally designated entities (with significant public relevance on account of type, size and number of employees).… Continue Reading

European Commission issues draft conflict minerals rule

Image courtesy of Global Witness via YouTubeThe European Commission issued a draft regulation on conflict minerals Wednesday, outlining a voluntary self-reporting system that’s not limited to central Africa.

The draft regulation (available here in pdf) focuses on the “upstream” portion of a company’s supply chain — that closest to the source of the minerals — and only targets companies that import conflict minerals into the EU.… Continue Reading

Graft costs EU €120 billion, new study says

A report by the European Commission describes how corruption affects member states and costs their economies around €120 billion a year.

The European Commissioner for Home Affairs, Cecilia Malmström, spoke at a news conference in Brussels Monday.… Continue Reading

Former Romania PM jailed for corruption

Former Romanian prime minister Adrian Nastase was sentenced to four years in prison Monday for taking bribes.

Nastase, 63, was convicted of receiving $858,000 in bribes from construction company-owner Irina Jianu in exchange for appointing her to lead the public works department.… Continue Reading

EU cracks down on timber trade

Image courtesy of the European CommissionIllegal logging is a $10 billion business, according to Interpol, and is falling into the clutches of organized crime.

To fight the illegal timber trade, the EU enacted legislation this month that binds all 27 member states to regulate anyone who buys or sells timber and timber products for the commercial market in the EU.… Continue Reading