Questionable benefits for mid-tier firms under EU audit rules

24 Nov 2015

Audit rule changes under the EU Audit Regulation Directive (ARD) are forcing audit firms to consider whether the public interest entity audit marketplace is really for them, says Jane Fowler, director of ethics and regulatory compliance, BDO

The government’s consultation on the implementation of the EU’s audit reforms in respect of public interest entity (PIE) audits includes a number of draft clauses for incorporation into the Companies Act 2006.

There remains a lot of complexity in the changes to be made to the Companies Act 2006 and not all clauses have yet been drafted. In addition to these changes, there will be a significant number of other instruments needed to address non-company PIEs.

Your free features:

Breaking news and expert analysis
Customisable daily newsletters
Six free CPD learning modules each year
Personalised CPD tracker
Top 75 Firms league tables
Regulatory changes
Hardman’s Tax Data

Finance | Legal updates: Court takes action over ‘mathematical errors’ in register of members

Finance | ‘Once in a generation’ corporate reporting overhaul planned

Finance | Legal updates: defective request to view register of members under section 117

Business | King’s Speech outlines closer trade ties with EU, less red tape

Business | Warning on tax adviser regulation by the backdoor

Navigate

Tax Services

Your free features:

Sign up to Business & Accountancy Daily