The EU has voted to increase public funding for private-sector financial oversight groups, a move that aims to make them independent of the accountants they supervise.rnA new€38.7m (£34m) fund has been approved by the European parliament to help pay operating costs for the International Accounting Standards Committee Foundation, the Public Interest Oversight Board, and the European Financial Reporting Advisory Group, to help reduce conflicts of interest between the watchdogs and the companies that help pay their expenses.
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