For the purposes of strengthening the prudential supervision of assurance undertakings and protection of clients of assurance undertakings, it should be stipulated that an auditor must have a duty to report promptly to the competent authorities, wherever, as provided for by this Directive, he/she becomes aware, while carrying out his/her tasks, of certain facts which are liable to have a serious effect on the financial situation or the administrative and accounting organisation of an assurance undertaking.
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New version applies from 21/09/2007 — introduced by Directive 2007/44/EC.
77 provisions change.
Later versions: 20/03/2008, 01/07/2013, 01/01/2016.
Recital 24 changes in this version: compare with the current text.