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European Union - 8th Company Law Directive

DIRECTIVE 2006/43/EC

DIRECTIVE 2006/43/EC OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 17 May 2006 on statutory audits of annual accounts and consolidated accounts, amending Council Directives 78/660/EEC and 83/349/EEC and repealing Council Directive 84/253/EEC

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

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

Article 35

Designation of competent authorities

Article 36

Professional secrecy and regulatory cooperation between

Member States

CHAPTER IX: APPOINTMENT AND DISMISSAL

Article 37

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

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