Guidance

Auditing for EEA auditors and audit firms operating in the UK from 1 January 2021

What EEA audit firms, EEA auditors, and those with EEA qualifications need to do from 1 January 2021.

The UK has left the EU

This page tells you what you'll need to do from 1 January 2021. It'll be updated if anything changes.

You can also read about the transition period.

Overview

This guidance is for EEA auditors and audit firms. There’s different guidance for UK auditors and audit firms.

Statutory auditors

You don’t need to do anything if you’re already registered as a statutory auditor with a UK recognised professional body.

Register in the UK

You must register as a UK statutory auditor before 1 January 2021 if you’re working in the UK and want to sign audit reports here based on your EEA qualification.

You can register with one of the UK’s Recognised Supervisory Bodies.

You will not need to register in the UK if you’re already registered in the Republic of Ireland. But you’ll need to take an aptitude test if you’re qualified as a member of CPA Ireland.

Ownership of EEA audit firms

You may need to restructure to continue as an EEA approved firm if your required majority of qualified owners and managers includes:

  • UK audit firms
  • people with UK audit qualifications

Ownership of UK audit firms

As an EEA auditor or firm you can still be included in a UK firm’s required majorities of qualified owners and managers up to 1 January 2021.

From 1 January 2021, you can only be included as an EEA auditor or firm if you’re both:

Published 24 May 2019

Transition period

Find out what it means for you