Financial sector watchdog AFM has refused to give four accountancy practises licences to approve bourse-listed company accounts because they either don’t have the necessary expertise or quality controls, according to Friday’s Financieele Dagblad.

The names of the companies, which all have contracts with minor bourse-listed firms, will be published this afternoon. Thirteen firms have been licenced.
The four other firms have been given leave to appeal to the company court, which gives them time to put their house in order, the paper says.