Four big multi-fields networks, usually called the “big four” (KPMG, Ernst & Young Audit, Deloitte and Pricewaterhousecoopers Audit) and another accounting firm (the Grant Thornton company), submitted to the Council of State's High Assembly, the question of the lawfulness of a decree of November, 16 th 2005, approving the auditors professional Code of Ethics [1]. The Financial Safety Act of August, 1st 2003 brought an important reform to the profession, introducing into the Commercial Code new rules reinforcing the principle of separation of the audit and consulting functions, and referring itself to a professional Code of Ethics, approved by way of a Council of State decree. This is the decree disputed here. The claimants upheld the fact that this decree was too restrictive to
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The French Council of State holds that the auditors code of Ethics does not impose or support the conclusion of agreements contrary to Art. 81 EC (KPMG)
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