|
European Union - 8th
Company Law Directive
DIRECTIVE
2006/43/EC
CHAPTER II:
APPROVAL, CONTINUING EDUCATION AND MUTUAL
RECOGNITION
Article 3
Approval of statutory auditors and audit firms
1. A statutory audit shall be carried out
only by statutory
auditors or audit firms which are
approved by the Member
State requiring the statutory audit.
2. Each
Member
State
shall designate competent authorities
which shall be responsible for approving statutory auditors and
audit firms.
The competent authorities may be professional associations,
provided that they are subject to a system of public oversight
as provided for in Chapter VIII.
3. Without prejudice to Article 11, the competent authorities
of the Member States
may approve as statutory auditors
only natural persons who satisfy at least the conditions laid
down in Articles 4 and 6 to 10.
4. The competent authorities of the Member States
may
approve as audit firms
only those
entities which
satisfy the
following conditions:
(a) the
natural persons who carry out statutory audits on
behalf of an audit firm must satisfy at least the conditions
imposed by Articles 4 and 6 to 12 and
must be approved as statutory
auditors in the
Member
State
concerned;
(b) a
majority of the voting rights in an entity
must be held by audit firms
which are approved in any Member State or by
natural persons who satisfy at least the conditions imposed by
Articles 4 and 6 to 12.
Member States may provide that
such natural persons must also have been approved in another
Member
State.
For the
purpose of the statutory
audit of cooperatives and similar entities as referred to in
Article 45 of Directive 86/635/EEC, Member States may
establish other specific provisions in relation to voting
rights;
(c)
a majority — up to a maximum of 75 % — of the
members of the administrative or management body
of the
entity must be audit firms which are approved in any Member State or natural persons who satisfy at least the
conditions imposed by Articles 4 and 6 to 12.
Member
States may provide that such natural persons must also have been
approved in another
Member
State.
Where such
a body has no more than two members, one of those
members must satisfy at least the conditions in this point;
(d) the firm must satisfy the condition imposed by Article 4.
Member States may set additional conditions only in relation to
point (c).
Such conditions shall be proportionate to
the objectives
pursued and shall not go beyond what is strictly necessary.
Become a
Certified EU
Sarbanes Oxley Expert (CEUSOE)
by the Sarbanes Oxley Compliance Professionals
Association (SOXCPA), the largest Association of Sarbanes Oxley
professionals in the world
The 8th
Company Law Directive of the European Union is very similar to the
US Sarbanes Oxley Act. It is called E-SOX, or the European Sarbanes
Oxley
Multinational companies listed in Europe and the US, must comply
with both, the US Sarbanes Oxley Act and the 8th Company Law
Directive of the European Union.
Professionals (contractors and employees) that understand the
requirements of both, the US Sarbanes Oxley Act and the 8th Company
Law Directive of the European Union have a very important
competitive advantage in the marketplace.
Certified EU
Sarbanes Oxley Expert (CEUSOE)
- Distance learning and online certification program
The Cost:
US$ 147
What is included in this price:
A. The official presentations we use in our instructor-led classes
(420 slides)
B. Up to 3 Online Exams
If you fail, you must study again the official presentations, but
you do not need to spend money to try again. Up to 3 exams are
included in the price.
C. Personalized Membership Certificate printed in full colour.
Processing, printing, packing and posting to your office or home.
To learn more visit
www.sarbanes-oxley-association.com/CEUSOE_Distance_Learning_and_Certification.htm
|
