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Implementation of Directive 2006/43/EC on Statutory Audits of Annual and Consolidated Accounts (8th Company Law Directive)

Starting Date: 19-07-07

Closing Date: 15-10-07

The Department of Business Enterprise and Regulatory Reform invites your views on draft regulations about the Implementation of The Directive on Statutory Audit of Annual and Consolidated Accounts.

The Directive clarifies the duties of statutory auditors and provides for their independence and ethical standards; introduces a requirement for external quality assurance; provides for public oversight of the audit profession, including third country auditors, and improved cooperation between oversight bodies in the EU. It also provides a basis for international cooperation between regulators in the EU and with regulators in third countries.

The draft regulations were published on Thursday 19 July. You are invited to send comments and supporting evidence on any part of this consultation by e-mail to AuditDirective@dti.gsi.gov.uk .  The deadline for responses is Monday 15 October 2007

DTI lead: Amita Randhawa– tel: 020 7215 3585

mail to : amita.randhawa@berr.gsi.gov.uk

Consultation Documents

• Implementation of Directive 2006/43/EC on Statutory Audits of Annual and Consolidated Accounts (8th Company Law Directive): policy conclusions and draft regulations (464KB)