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Accounting and tax professionals working for multinational businesses will continue to face significant challenges as the trend for greater harmonisation in global compliance and regulation fails to gather pace, ...

The Minister of Finance and Minister of Justice presented their vision for the accountancy sector and the supervision of financial reporting in September 2011, and in November 2011 the European Commission published proposals for audit market reforms.

This law has been introduced retroactively for fiscal year 2018 so all companies must comply in 2019.

Since the entry into force of the Act of 17 December 2008, listed companies and financial companies (i.e. credit institutions and insurance companies) have been obliged to set up an audit committee.

The European Council, Parliament and Commission reached agreement on proposals to reform the European audit market in December 2013.

It has recently become clear that Dutch rules on the mandatory rotation of audit firms that carry out statutory audits for listed companies, banks and insurers, deviate from European legislation.

Op 29 september 2015 is het wetsvoorstel Uitvoeringswet Jaarrekeningenrichtlijn aangenomen door de Eerste Kamer.