CEAOB publishes documents on enforcement measures and inspections methodology
The Committee of European Auditing Oversight Bodies (CEAOB) has made, amongst others, the below documents available.
Its report on the 2022 enforcement questionnaire:
- relates to investigations and sanctioning by competent authorities and delegated authorities in European countries in 2021
- focuses on administrative measures and sanctions linked to PIE and non-PIE statutory audits
Read the main considerations, findings and statistics in the full report here.
As part of the ongoing enhancement of the CEAOB inspection methodology, the Inspections sub-group (ISG) members adopted the common audit inspection methodology (CAIM) Firmwide Suite of working papers based on ISQM (International Standard on Quality Management). A public version of the working papers has been published on the CEAOB’s website.
EU Digital Services Act requires audit of large online platforms and search engines
Providers of very large online platforms and very large online search engines shall be subject to independent audits at their own expense and at least once a year. This is to assess compliance with the selected obligations – for further details, refer to Article 37 of the Act.
The European Commission is yet to publish here the delegated act with the details of the rules, methodology etc., for these audits. This should happen in the coming weeks.
The Digital Services Act shall be fully applicable for all entities in scope from 17 February 2024.