International Issues


I. Legislation

DIRECTIVE 2006/43/EC OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 17 May 2006 on statutory audits of annual accounts and consolidated accounts, amending Council Directives 78/ 660/EEC and 83/349/EEC and repealing Council Directive 84/253/EEC

Consolidated version in English

REGULATION (EU) No 537/2014 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 16 April 2014 on specific requirements regarding statutory audit of public-interest entities and repealing Commission Decision 2005/909/EC

Full version in English

Questions and answers released by the EU Commission in order to enhance the solution of difficult issues in connection with the EU audit reform:

Question and Answers (up to 03. 09. 2014)

Additional Question and Answers (up to 01. 02. 2016)

Additional Question and Answers (up to 31. 03. 2016)

 

II. Institutions

Committee of European Audit Oversight Bodies (CEAOB)

1url.cz/ItSNu

Cooperation among competent authorities in the EU is realized in the framework of the CEAOB. The Board´s representatives participate regularly not only on the plenary meetings but also in particular working groups. The summary of the CEAOB´s tasks is included in sec. 30/7 of the Regulation. 

International Forum of Independent Audit Regulators (IFIAR)

https://www.ifiar.org/

IFIAR was established in September 2006 with the objective to share practical experience in audit affairs and also help to increase the credibility of financial markets and protection of the investors. There are 52 members in these days, the Board has been participating in its activities since 2014.

  

III. Registration of the auditors from EU and the third countries

This competence is carried out by the Chamber of Auditors. More information is available here:

https://www.kacr.cz/en/registration-of-statutory-auditors-from-eu