EU deal to force companies change auditor every decade moves closer

The EU could be less than a month away from a deal forcing the bloc’s listed companies to change their accountant every decade, a senior EU lawmaker said.

Sajjad Karim, a British centre-right member of the European Parliament, is leading a team of lawmakers looking to bridge a gap with the bloc’s states over how often firms must switch their book-keepers.

The reform aims to make auditors more sceptical about what managers at client firms tell them.