Thursday, 23 June 2016
The new EU statutory audit framework is now in force in the UK following the making (and coming into force) of the Statutory Auditors and Third Country Auditors Regulations 2016: see here and here (pdf). The Regulations are accompanied by an explanatory memorandum (pdf) and impact assessment (pdf). Further background information is also available from the European Commission: see here. Also, EcoDA (in conjunction with PwC) has also published guidance on the new regime for audit committees: see here (pdf).