Implementation of Directive 2006/43/EC on statutory audits of annual accounts and consolidated accounts

The dossier concerns the implementation of Directive 2006/43/EC on statutory audits of annual accounts and consolidated accounts. The amendments raise differing Member State interpretations of 'public-interest entity' and 'network', delays in approving International Standards on Auditing, national quality-assurance structures for accountancy firms, limitation of auditors' civil liability, audit working papers and their transfer to third-country authorities, and public oversight of auditors, noting the Directive's adoption after the collapse of Enron.