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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 21 September 2018 - onwards
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1527. Audit of group accounts responsibility of group auditor

(1) Where a statutory audit of the group financial statements of a group is carried out -

(a) in relation to the group financial statements, the group auditor shall bear the full responsibility for the statutory auditors' report, and

(b) where the holding undertaking is a public-interest entity, the group auditor shall bear the full responsibility for ensuring that the requirements of Articles 10 and 11 of Regulation (EU) No 537/2014 are met in relation to the audit carried out on that public-interest entity.

(2) The group auditor shall -

(a) evaluate the audit work carried out by any auditors for the purpose of the group audit, and

(b) document the nature, timing and extent of the work carried out by those auditors, including the group auditor's review of the relevant parts of audit documentation.

(3) For the purposes of the group audit, auditors may be one or more of the following:

(a) statutory auditors;

(b) statutory audit firms;

(c) Member State auditors;

(d) Member State audit fi

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