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ARTICLE · 27 APRIL 2016

Statutory Audit Directive – Impact On Investment Funds

Arthur Cox
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On 17 December 2013, the European Parliament and the Member States reached a preliminary agreement on the proposal for a Directive amending the Statutory Audit Directive...

European UnionFinance and Banking
Kevin Murphy
Kevin Murphy
Dara Harrington
Dara Harrington
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On 17 December 2013, the European Parliament and the Member States reached a preliminary agreement on the proposal for a Directive amending the Statutory Audit Directive (Directive 2006/43/EC) and the proposal for a regulation on specific requirements regarding statutory audit of public-interest entities (the "Regulation"). The publication of the amending Directive and the new Regulation on Statutory Audit in the Official Journal of the EU took place on 27 May 2014 (OJ L 158). The Regulation came into effect immediately although there is a two year delay in the application of most of its provisions. Transposition of the Directive into Irish law must take place by 17 June 2016.

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