Publication
Study on the Audit Directive
In 2014, the European Union (EU) adopted an important reform of the EU Statutory Audit Market through two legislative instruments: Directive 2014/56/EU amending the first Audit Directive (2006/43/EC) and Audit Regulation (537/2014). The reform had four objectives: enhance transparency for investors; reinforce independence of auditors towards their clients; promote competition in a highly concentrated market […]