30 September 2016 — Publication
This survey demonstrates divergence across Europe regarding the performance of and reporting on the Agreed upon Procedures (AUP) by external auditors on the 2014 and 2015 contributions to the Single Resolution Fund (SRF).
Based on the information provided by the Federation’s Member Bodies in all 19 countries of the Eurozone, the survey also reveals that in February 2016, for the 2015 contributions, more AUPs were performed compared to September 2015 (for the 2014 contributions).
Furthermore, the results show differences in practice when it comes to the auditors’ involvement with the calculation of the contributions to the SRF, not only across the Eurozone countries, but also within countries as financial institutions had the option to choose for either AUPs or for a management sign-off.
