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European companies face stricter reporting regime following Wirecard collapse


Ms McGuinness will launch a public consultation after the summer looking at company audit committees, the outside auditors who sign off on financial figures companies publish and the regulators who supervise them.
It will examine whether responsibilities of company board members to provide accurate financial reports are defined clearly enough.
The consultation will reflect on how to improve the role of company audit committees and whether they should be mandatory.
Ms McGuinness said supervisors for auditors across the EU had found problems with internal quality control systems.
They also found a lack of or inappropriate monitoring of high-risk audited entities and insufficient audit evidence and documentation, she added. ....

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Covid-19: Greece to lift quarantine rule for travellers from UAE, UK and US


We will gradually lift the restrictions at the beginning of next week ahead of the opening on Friday, May 14, a senior tourism ministry official told Reuters on condition of anonymity.
The official said citizens from the EU, the US, Britain, Serbia, Israel and the UAE will be allowed to travel to Greece via the airports of Athens, Thessaloniki, Heraklion, Chania, Rhodes, Kos, Mykonos, Santorini and Corfu, and two border crossings.
Passengers from those countries will not be quarantined, as long as they prove that they have received two doses of a Covid-19 vaccine or show a negative PCR test carried out 72 hours prior to their arrival, the official said, adding the tourists would be subject to domestic lockdown restrictions. ....

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