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Version status: Deleted | Document consolidation status: Updated to reflect all known changes
Version date: 16 June 2014 - onwards
  Version 3 of 3    

Article 40 Transparency report

Deleted from 16 June 2014

1. Member States shall ensure that statutory auditors and audit firms that carry out statutory audit(s) of public-interest entities publish on their websites, within three months of the end of each financial year, annual transparency reports that include at least the following:

(a) a description of the legal structure and ownership;

(b) where the audit firm belongs to a network, a description of the network and the legal and structural arrangements in the network;

(c) a description of the governance structure of the audit firm;

(d) a description of the internal quality control system of the audit firm and a statement by the administrative or management body on the effectiveness of its functioning;

(e) an indication of when the last quality assurance review referred to in Article 29 took place;

(f) a list of public-interest entities for which the audit firm has carried out statutory audits during the preceding financial year;

(g) a statement concerning the audit firm's independence

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