FRC consultation event on implementation of the EU Audit Directive and Regulation
The Financial Reporting Council (FRC) is to hold a consultation event on 11 March 2015 in London to discuss its plans for implementation of the EU Audit Direct and Regulation in its audit and ethical standards.
In May 2014, the European Commission published a new Audit Directive and Regulation and in December 2014 the FRC published a consultation - Consultation: Auditing and ethical standards – Implementation of the EU Audit Directive and Audit Regulation. The FRC consultation, in conjunction with a Department for Business Innovation & Skills’ (BIS) discussion paper, also published in December 2014, proposes change in the UK to implement the EU Audit Directive and Regulation as well as other changes that may be made to enhance confidence and strengthen the audit regime.
The FRC invites all stakeholders to attend the event and give input on its plans.
Further details as well as registration details are available on the FRC website.