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Auditing

Statutory audit means an audit of annual or consolidated accounts in so far as required by Community law.

In the field of statutory audit, the Commission contributes to ensure a competitive audit market and high quality audits as well as to prevent corporate and financial malpractice.

Accordingly, the Commission pursues the following strategic directions:

  • independence of audit firms and auditors
  • auditor’s liability
  • public oversight of auditors
  • international standards on auditing
  • co-operation with third countries