2014 Audit Reform Options Comparison Tables

Audit & Assurance

European Directive on Statutory Audits of Annual and Consolidated Accounts and Regulation on Statutory Audit of Public Interest Entities

The audit reform, taking the form of a Directive and a Regulation, has been approved in April 2014 and published in the Official Journal of the European Union on 27 May 2014.

The purpose of the below documents is to highlight:

The options available to Member States and Competent Authorities in the European Directive on statutory audits of annual and consolidated accounts as compared to those available in the 2006 Statutory Audit Directive; and
The options available to Member States and Competent Authorities in the European Regulation on statutory audit of public-interest entities.

These documents have been prepared to assist FEE Member Bodies and other relevant stakeholders in advising European Union Member States as to the selection of the most appropriate option.

These documents have been prepared by FEE to the best of its knowledge and ability to ensure that it is accurate and complete. FEE will not be held liable for any loss or damage arising from any inaccuracies or omissions within this document

Related documents

The options available to Member States and Competent Authorities in the European Directive on statutory audits of annual and consolidated accounts

The options available to Member States and Competent Authorities in the European Regulation on statutory audit of public-interest entities

European Regulation on statutory audit of public-interest entities

FEE FAQ on European Directive on Statutory Audits of Annual and Consolidated Accounts and Regulation on Statutory Audit of Public Interest Entities

FEE Unofficial advance text of 2014 Audit Directive & Table of Amendments to Statutory Audit Directive 2006

FEE Factsheet on Audit Directive and Regulation

FEE Press Release on EP vote 3 April 2014