Accounting for Brexit part 3: impact for auditors

In the third article of a series on the impact of Brexit on audit and accounting, Croner-i writer David Duvall FCA sets out the key changes for auditors from January 2021

In the lead up to, and following, the UK’s exit from the EU, the government has released several statutory instruments which impacted the auditing rules.

  1. The Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2019

The Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2019 (SI 2019/177) was passed by the government on 1 February 2019. This was amended and some details corrected by SI 2019/1392, issued on 23 October 2019, and SI 2020/108, issued on 3 February 2020, both with a similar title.

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