The European Parliament has adopted in plenary session the amended Directive on Statutory Audit and the Regulation on specific requirements regarding the statutory audit of public-interest entities.
The new rules will strengthen the quality of statutory audit, reinforce the independence of statutory auditors, and improve supervision. Stricter requirements will apply to the statutory audit of public-interest entities.
Following vote in plenary, the audit package must be formally adopted by the Council. The publication of the new rules in the Official Journal of the European Union is foreseen for the second quarter of 2014.