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Statutory Audit Regulation In force since 17 June 2016

REGULATION (EU) No 537/2014 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 16 April 2014 on specific requirements regarding statutory audit of public-interest entities and repealing Commission Decision 2005/909/EC
32014R0537 · official text on EUR-Lex

This English text is a careful, terminology-researched translation prepared by eucite.com — not an official government translation. The German original linked above is the legally authoritative text.

Articles

• Article 1 — Subject matter
• Article 2 — Scope
• Article 3 — Definitions
• Article 4 — Audit fees
• Article 5 — Prohibition of the provision of non-audit services
• Article 6 — Preparation for the statutory audit and assessment of threats to independence
• Article 7 — Irregularities
• Article 8 — Engagement quality control review
• Article 9 — International auditing standards
• Article 10 — Audit report
• Article 11 — Additional report to the audit committee
• Article 12 — Report to supervisors of public-interest entities
• Article 13 — Transparency report
• Article 14 — Information for competent authorities
• Article 15 — Record keeping
• Article 16 — Appointment of statutory auditors or audit firms
• Article 17 — Duration of the audit engagement
• Article 18 — Hand-over file
• Article 19 — Dismissal and resignation of the statutory auditors or the audit firms

Chapter I Competent authorities

• Article 20 — Designation of competent authorities
• Article 21 — Conditions of independence
• Article 22 — Professional secrecy in relation to competent authorities
• Article 23 — Powers of competent authorities
• Article 24 — Delegation of tasks
• Article 25 — Cooperation with other competent authorities at national level

Chapter II Quality assurance, market monitoring, and transparency of competent authorities

• Article 26 — Quality assurance
• Article 27 — Monitoring market quality and competition
• Article 28 — Transparency of competent authorities

Chapter III Cooperation between competent authorities and relations with the european supervisory authorities

• Article 29 — Obligation to cooperate
• Article 30 — Establishment of the CEAOB
• Article 31 — Cooperation with regard to quality assurance reviews, investigations and on-site inspections
• Article 32 — Colleges of competent authorities
• Article 33 — Delegation of tasks
• Article 34 — Confidentiality and professional secrecy in relation to cooperation among competent authorities
• Article 35 — Protection of personal data

Chapter IV Cooperation with third-country authorities and with international organisations and bodies

• Article 36 — Agreement on exchange of information
• Article 37 — Disclosure of information received from third countries
• Article 38 — Disclosure of information transferred to third countries
• Article 39 — Exercise of the delegation
• Article 40 — Review and reports
• Article 41 — Transitional provisions
• Article 42 — National provisions
• Article 43 — Repeal of Commission Decision 2005/909/EC
• Article 44 — Entry into force