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ARTICLE · 02 APRIL 2013

Changes To Dutch Accountancy Law

De Brauw Blackstone Westbroek
De Brauw Blackstone Westbroek
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De Brauw Blackstone Westbroek

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The First Chamber of the Dutch Parliament adopted a bill on the accountancy profession on 11 December 2012.

NetherlandsAccounting and Audit
Martijn Snoep
Martijn Snoep
Kees Peijster
Kees Peijster
Jaap De Keijzer
Jaap De Keijzer
Douwe Groenevelt
Douwe Groenevelt
Geert Potjewijd
Geert Potjewijd
Ernest Swantee
Ernest Swantee
Mark Rebergen
Mark Rebergen
Dieter Wolff
Dieter Wolff
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The First Chamber of the Dutch Parliament adopted a bill on the accountancy profession on 11 December 2012. Most provisions of the bill entered into effect on 1 January 2013. The bill as adopted will bring significant changes to the accountancy profession in the Netherlands. These include:

  • Compulsory rotation of accountancy firms.
    Accountancy firms may provide statutory audit services to public interest organisations for no more than eight consecutive years. After this, they will have to observe a two-year cooling off period before resuming statutory audit services. These new compulsory rotation rules will not come into force until 1 January 2016.
  • A requirement for audit firms to separate audit and advisory services.

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