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05 Jun 2003
By Liesbeth Evers
'This is something I will do as a representative for accountancy, working for and with the government. The government has asked me to help with Sarbanes-Oxley because they wanted continuity,' he told Accountancy Age.
Wyman warned that, unless British and European negotiators get an exemption accepted by US watchdog the Securities and Exchange Commission before Christmas this year, UK accountants will have no choice but to comply with US regulations.'Six months from now, if we aren't well on our way with developing a policy, we'll be in trouble,' he said.
Wyman added: 'I want to see a package around mutual recognition, ideally on a pan-European basis, into the SEC - a set of principles everybody can understand and sign up to.'
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