Tag: audit

Publication

Audit expansion and the ‘butterfly effect’ – is it time for a new EU market structure?

The EU legislative and regulatory agenda is changing the scope of audit. Independent external reviews and assurance of non-financial information, including environmental, social and governance (ESG), data and artificial intelligence (AI) systems, have been introduced in EU legislation as a tool to ensure the proper implementation of the Green Deal and Digital Agenda’s key building […]

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 […]