Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 20 MARCH 2012

Radical Changes Proposed In Accountancy Sector

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

De Brauw Blackstone Westbroek

Our clients are increasingly operating in South-East Asia and require legal assistance in the...

View firm profile
Explore more from De Brauw Blackstone Westbroek

The Second Chamber of the Dutch parliament has discussed proposals for a new Accountants Act (Wet op het Accountantsberoep).

NetherlandsAccounting and Audit
Ernest Swantee
Ernest Swantee
Daan Van Binsbergen
Daan Van Binsbergen
Esther Bromet
Esther Bromet
Rick Van ’T Hullenaar
Rick Van ’T Hullenaar
Author LinkedIn connections

The Second Chamber of the Dutch parliament has discussed proposals for a new Accountants Act (Wet op het Accountantsberoep). This Bill was submitted last year and is aimed at merging the professional organisations NIVRA and NOvAA into one professional organisation: the Netherlands Institute of Chartered Accountants (NBA).

The parliamentary discussions about this Bill have also led to amendments to the Audit Firms Supervision Act (Wet toezicht accountantsorganisaties). These amendments, already passed by the Second Chamber, would drastically change the accountancy market:

  • Audit only: accountancy firms auditing organisations of public interest may not also do other types of work for those organisations. These organisations - referred to as "OOBs" - include all listed companies as well as non-listed banks and insurers. Only a very limited number of specified services may be provided by auditors, such as auditing interim financial statements and providing certainty

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Consolidation Exemption For Intermediate Holding Companies

The intermediate holding exemption in Dutch financial reporting law allows certain companies to avoid preparing consolidated financial statements, but its application requirements remain subject to interpretation and uncertainty in practice. This analysis examines the specific conditions that must be met to qualify for the exemption and explores the practical consequences and ambiguities that arise when companies attempt to apply Section 2:408 of the Dutch Civil Code.
NetherlandsAccounting and Audit
Loyens & Loeff
Loyens & Loeff
Article

Trading Disruption Risk Expected For EU Companies Listed Or Traded Outside The EU

A critical deadline looms for European issuers with securities traded outside the EU, as a key grandfathering clause under the CSD Regulation expires on 17 January 2027. Without timely regulatory action, third-country central securities depositories like DTC may be forced to suspend services to affected EU issuers, potentially disrupting trading in their equity and debt instruments on international markets.
European UnionInternational Law
De Brauw Blackstone Westbroek
De Brauw Blackstone Westbroek
Article

EU Companies Listed Or Traded Outside EU To Be Aware Of Upcoming Expiry Of Key Trade-facilitating Clause

A critical deadline looms for European issuers with securities traded outside the EU, as a key grandfathering clause under the CSD Regulation expires on 17 January 2027. Without timely regulatory action, third-country central securities depositories like DTC may be forced to suspend services to affected EU issuers, potentially disrupting trading in their equity and debt instruments on international markets.
European UnionFinance and Banking
De Brauw Blackstone Westbroek
De Brauw Blackstone Westbroek
Article

Dutch Competition Regulator's Call-in Power Passes "First Phase" As Lower House Adopts Bill

The Netherlands is poised to grant its competition authority unprecedented power to scrutinize mergers that fall below traditional notification thresholds, targeting potentially harmful transactions such as roll-up strategies and killer acquisitions. While the Dutch House of Representatives has approved the bill despite criticism from the Council of State, the legislation introduces an asymmetric threshold system and raises standard notification requirements, fundamentally reshaping the country's merger con
NetherlandsAntitrust/Competition Law
De Brauw Blackstone Westbroek
De Brauw Blackstone Westbroek