The better the question. The better the answer. The better the world works. У вас есть вопрос? У нас есть ответ. Решая сложные задачи бизнеса, мы улучшаем мир. У вас є запитання? У нас є відповідь. Вирішуючи складні завдання бізнесу, ми змінюємо світ на краще. Meilleure la question, meilleure la réponse. Pour un monde meilleur. 問題越好。答案越好。商業世界越美好。 问题越好。答案越好。商业世界越美好。

EU reforms the audit legislation: opportunity or threat?

EU reforms the audit legislation: opportunity or threat?

Four basic pillars

#1

PIEs must change audit firm every ten years (‘rotation’)

EY - PIEs must change audit firm every ten years (‘rotation’)

#2

Restrictions on non-audit services that can be performed by auditors

EY - Restrictions on non-audit services that can be performed by auditors

#3

Audit committee must play a more active role

EY - Audit committee must play a more active role

#4

Audit firms more strictly supervised

EY - Audit firms more strictly supervised

General objectives

more independence, better audit

 

>> Click here for an executive summary of the four pillars above.

>> Questions? Contact us

 

Webcasts

EY partners Piet Hemschoote and Eric Golenvaux explain the consequences of the European Audit reform rules. Hosted by Francesca Vanthielen, these nine webcasts give you an in-depth analysis of selected topics in English.

Would you like to obtain more background information?

WET tot organisatie van het beroep van en het publiek toezicht op de bedrijfsrevisoren, LOI portant organisation de la profession et de lasupervision publique des réviseurs d’entreprises (Dutch and French)

Advies van 16 juni 2015 over de evolutie van het publiek toezicht op de bedrijfsrevisoren (Dutch)

Avis du 16 juin 2015 portant sur l’évolution de la supervision publique des réviseurs d’entreprises (French)

DIRECTIVE 2006/43/EC OF THE EUROPEAN PARLIAMENT AND OF THE COUNCILof 17 May 2006on statutory audits of annual accounts and consolidated accounts, amending Council Directives 78/660/EEC and 83/349/EEC and repealing Council Directive 84/253/EEC

REGULATION (EU) No 537/2014 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 16 April 2014 on specific requirements regarding statutory audit of public-interest entities and repealing Commission Decision 2005/909/EC

Avis du 15 juin 2016 portant sur la rotation externe des commissaires effectuant une (ou plusieurs) mission(s) dans des EIP (French)