The typical fact pattern in these failures indicates that some auditors are focusing on the form rather than the substance of transactions when making critical audit judgments. Moreover, when looking at assurance services, such as the FDICIA 112 auditor attestations, some auditors have a tendency to gloss over internal control deficiencies or simply ignore significant control deficiencies because they are "immaterial."
Greece will adopt the euro as from 1 January 2001, while Denmark will hold a referendum on the adoption of the euro on 28 September 2000. Sweden and the United Kingdom did not introduce the euro in their respective countries, but this may change, of course, in the future.