For the purpose of Article 46(1) of Directive 2006/43/EC, the public oversight, quality assurance, investigation and penalty systems for auditors and audit entities of the following third countries shall be considered equivalent to the public oversight, quality assurance, investigation and penalty systems for auditors and audit firms of the Member States in relation to audit activities concerning the annual or consolidated accounts for financial years starting from 2 July 2010:
(1.)
Australia
(2.)
Canada
(3.)
China
(4.)
Croatia
(5.)
Japan
(6.)
Singapore
(7.)
South Africa
(8.)
South Korea
(9.)
Switzerland
(10.)
The United States of America.