The Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2020 were laid before Parliament yesterday: see here. The accompanying explanatory memorandum is available here (pdf) and it explains the purpose of the Regulations - in general terms - as follows: "This instrument continues the process of addressing failures of retained EU law to operate effectively and other deficiencies arising from the withdrawal of the United Kingdom (UK) from the European Union (EU). This is intended to ensure that the frameworks for regulatory oversight and professional recognition of statutory auditors and third country auditors in the UK work effectively following the UK’s withdrawal from the EU".
Tuesday, 4 February 2020
UK: The Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2020
The Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2020 were laid before Parliament yesterday: see here. The accompanying explanatory memorandum is available here (pdf) and it explains the purpose of the Regulations - in general terms - as follows: "This instrument continues the process of addressing failures of retained EU law to operate effectively and other deficiencies arising from the withdrawal of the United Kingdom (UK) from the European Union (EU). This is intended to ensure that the frameworks for regulatory oversight and professional recognition of statutory auditors and third country auditors in the UK work effectively following the UK’s withdrawal from the EU".
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