Audit rules toughened

Book a Free Consultation
Or call us on 01604 660661

New legislation to improve the quality of statutory audit across the EU entered into force on 16 June 2014 say Harris & Co accountants Northampton #accountantsnorthampton

Key measures include strengthening the independence of statutory auditors, making the audit report more informative, and improving audit supervision throughout the Union. Stricter requirements will apply to public-interest entities.

Member states have two years to implement the revised Directive. The new legislation will become directly applicable in mid-2016 to ensure that every member state will have put in place the provisions necessary to comply with the Directive.

The directive is available here.

The regulation is available here.

Follow Us