Policy paper

EU audit directive and regulation: implementation update

An update on implementation on reforms to the regulatory framework for statutory audit.

• From: Department for Business, Innovation & Skills
• Published: 26 August 2015
• Last updated: 29 October 2015
  Show all updates

  1. 29 October 2015

     Added link to BIS consultation.

  2. 5 October 2015

     Added links to consultations.

  3. 8 September 2015

     Added link to Financial Conduct Authority consultation.

  4. 26 August 2015

     First published.

This was published under the 2015 to 2016 Cameron Conservative government

Documents

Update on the implementation of the EU audit directive and regulation

Ref: BIS/15/507

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Details

Provides an update on implementation of the European Union audit reforms (Directive 2014/56/EU and Regulation No 537/2014). This followed a discussion document that asked for views on a range of reforms to the regulatory framework for statutory audit. On 28 October 2015, Department for Business, Innovation and Skills (BIS) published a formal consultation on the technical legislative implementation of the EU audit directive and regulation.