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Governance in Brief — BIS clarifies timelines for the new mandatory rotation requirements

Published on: 17 Mar 2015

This publication from Deloitte discusses the supplementary document issued by the Department for Business, Innovation and Skills (BIS) to support its Discussion Paper on the UK implementation of the EU Audit Directive and Audit Regulation published in December 2014.  The Discussion Paper focuses on the framework for auditor tendering and rotation.  It provides clarity on the precise timings of the transitional arrangements.  This is particularly relevant for companies falling into the “less than eleven years” category where there had been some ambiguity around the financial periods affected.

The full Governance in brief can be downloaded below.

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