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Statutory Audit Directive

Directive 2006/43/EC on statutory audits of annual accounts and consolidated accounts
32006L0043 · official text on EUR-Lex

Articles

Chapter I SUBJECT MATTER AND DEFINITIONS

• Article 1 — Subject matter
• Article 2 — Definitions

Chapter II APPROVAL, CONTINUING EDUCATION AND MUTUAL RECOGNITION

• Article 3 — Approval of statutory auditors and audit firms
• Article 4 — Good repute
• Article 5 — Withdrawal of approval
• Article 6 — Educational qualifications
• Article 7 — Examination of professional competence
• Article 8 — Test of theoretical knowledge
• Article 9 — Exemptions
• Article 10 — Practical training
• Article 11 — Qualification through long-term practical experience
• Article 12 — Combination of practical training and theoretical instruction
• Article 13 — Continuing education
• Article 14 — Approval of statutory auditors from other Member States

Chapter III REGISTRATION

• Article 15 — Public register
• Article 16 — Registration of statutory auditors
• Article 17 — Registration of audit firms
• Article 18 — Updating of registration information
• Article 19 — Responsibility for registration information
• Article 20 — Language

Chapter IV PROFESSIONAL ETHICS, INDEPENDENCE, OBJECTIVITY, CONFIDENTIALITY AND PROFESSIONAL SECRECY

• Article 21 — Professional ethics
• Article 22 — Independence and objectivity
• Article 23 — Confidentiality and professional secrecy
• Article 24 — Independence and objectivity of the statutory auditors carrying out the statutory audit on behalf of audit firms
• Article 25 — Audit fees

Chapter V AUDITING STANDARDS AND AUDIT REPORTING

• Article 26 — Auditing standards
• Article 27 — Statutory audits of consolidated accounts
• Article 28 — Audit reporting

Chapter VI QUALITY ASSURANCE

• Article 29 — Quality assurance systems

Chapter VII INVESTIGATIONS AND PENALTIES

• Article 30 — Systems of investigations and penalties
• Article 31 — Auditors' liability

Chapter VIII PUBLIC OVERSIGHT AND REGULATORY ARRANGEMENTS BETWEEN MEMBER STATES

• Article 32 — Principles of public oversight
• Article 33 — Cooperation between public oversight systems at Community level
• Article 34 — Mutual recognition of regulatory arrangements between Member States
• Article 35 — Designation of competent authorities
• Article 36 — Professional secrecy and regulatory cooperation between Member States

Chapter IX APPOINTMENT AND DISMISSAL

• Article 37 — Appointment of statutory auditors or audit firms
• Article 38 — Dismissal and resignation of statutory auditors or audit firms

Chapter X SPECIAL PROVISIONS FOR THE STATUTORY AUDITS OF PUBLIC-INTEREST ENTITIES

• Article 39 — Application to non-listed public-interest entities
• Article 40 — Transparency report
• Article 41 — Audit committee
• Article 42 — Independence
• Article 43 — Quality assurance

Chapter XI INTERNATIONAL ASPECTS

• Article 44 — Approval of auditors from third countries
• Article 45 — Registration and oversight of third-country auditors and audit entities
• Article 46 — Derogation in the case of equivalence
• Article 47 — Cooperation with competent authorities from third countries

Chapter XII TRANSITIONAL AND FINAL PROVISIONS

• Article 48 — Committee procedure
• Article 49 — Amendment of Directive 78/660/EEC and Directive 83/349/EEC
• Article 50 — Repeal of Directive 84/253/EEC
• Article 51 — Transitional provision
• Article 52 — Minimum harmonisation
• Article 53 — Transposition
• Article 54 — Entry into force
• Article 55 — Addressees