What changes on 16/06/2014

The text in force from 19/07/2013 compared with the text from 16/06/2014, which includes the changes made by Directive 2014/56/EU.

Read the act as of 16/06/2014 · other versions: 21/03/2008 · 19/07/2013 · 05/01/2023 · 09/01/2024 · 18/03/2026

Chapter I

• amended Article 1 - Subject matter
• amended Article 2 - Definitions

Chapter II

• inserted Article 3a - Recognition of audit firms
• amended Article 3 - Approval of statutory auditors and audit firms
• amended Article 5 - Withdrawal of approval
• amended Article 6 - Educational qualifications
• amended Article 8 - Test of theoretical knowledge
• amended Article 10 - Practical training
• amended Article 13 - Continuing education
• amended Article 14 - Approval of statutory auditors from another Member State

Chapter III

• amended Article 15 - Public register
• amended Article 17 - Registration of audit firms
• amended Article 19 - Responsibility for registration information

Chapter IV

• inserted Article 22a - Employment by audited entities of former statutory auditors or of employees of statutory auditors or audit firms
• inserted Article 22b - Preparation for the statutory audit and assessment of threats to independence
• inserted Article 24a - Internal organisation of statutory auditors and audit firms
• inserted Article 24b - Organisation of the work
• inserted Article 25a - Scope of the statutory audit
• amended Article 21 - Professional ethics and scepticism
• amended Article 22 - Independence and objectivity
• amended Article 23 - Confidentiality and professional secrecy

Chapter V

• amended Article 26 - Auditing standards
• amended Article 27 - Statutory audits of consolidated financial statements
• amended Article 28 - Audit reporting

Chapter VI

• amended Article 29 - Quality assurance systems

Chapter VII

• inserted Article 30a - Sanctioning powers
• inserted Article 30b - Effective application of sanctions
• inserted Article 30c - Publication of sanctions and measures
• inserted Article 30d - Appeal
• inserted Article 30e - Reporting of breaches
• inserted Article 30f - Exchange of information
• amended Article 30 - Systems of investigations and sanctions
• deleted Article 31 - Auditors' liability last in force on the version of 19/07/2013

Chapter VIII

• amended Article 32 - Principles of public oversight
• amended Article 34 - Mutual recognition of regulatory arrangements between Member States
• amended Article 36 - Professional secrecy and regulatory cooperation between Member States
• deleted Article 35 - Designation of competent authorities last in force on the version of 19/07/2013

Chapter IX

• amended Article 37 - Appointment of statutory auditors or audit firms
• amended Article 38 - Dismissal and resignation of statutory auditors or audit firms

Chapter X

• amended Article 39 - Audit committee
• deleted Article 40 - Transparency report last in force on the version of 19/07/2013
• deleted Article 41 - Audit committee last in force on the version of 19/07/2013
• deleted Article 42 - Independence last in force on the version of 19/07/2013
• deleted Article 43 - Quality assurance last in force on the version of 19/07/2013

Chapter XI

• amended Article 45 - Registration and oversight of third-country auditors and audit entities
• amended Article 46 - Derogation in the case of equivalence
• amended Article 47 - Cooperation with competent authorities from third countries

Outside any heading

• amended Recital 1
• amended Recital 2
• amended Recital 3
• amended Recital 4
• amended Recital 5
• amended Recital 6
• amended Recital 7
• amended Recital 8
• amended Recital 9
• amended Recital 10
• amended Recital 11
• amended Recital 12
• amended Recital 13
• amended Recital 14
• amended Recital 15
• amended Recital 16
• amended Recital 17
• amended Recital 18
• amended Recital 19
• amended Recital 20
• amended Recital 21
• amended Recital 22
• amended Recital 23
• amended Recital 24
• amended Recital 25
• amended Recital 26
• amended Recital 27
• amended Recital 28
• amended Recital 29
• amended Recital 30
• amended Recital 31
• amended Recital 32
• amended Recital 33
• amended Recital 34
• amended Preamble

Chapter XII

• inserted Article 48a - Exercise of the delegation
• amended Article 48 - Committee procedure
• deleted Article 49 - Amendment of Directive 78/660/EEC and Directive 83/349/EEC last in force on the version of 19/07/2013