European audit reform for PIEs: a closer look | KPMG | BE

European audit reform for PIEs: a closer look

European audit reform for PIEs: a closer look

Following new EU audit legislation which was recently approved and published in the Official Journal of the European Union on 27 May 2014, we will be seeing important changes in various aspects of statutory audits of Public Interest Entities including the tenure of audit relationships, the auditor reporting, the non-audit services your auditor can provide etc.

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Every company will be affected differently and the timing will be unique for each. And all of us shareholders, boards and audit committees, management of companies, workers’ councils and auditors will need to navigate through the complexity. An effective transition is going to take time, so the time to start planning is now.This document presents a brief overview of the regulatory changes.

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