New European Group of Auditors' Oversight Bodies

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22 Dec 2005

The European Commission has formed a European Group of Auditors' Oversight Bodies (EGAOB).

The goal of EGAOB is to ensure effective coordination of new public oversight systems of statutory auditors and audit firms that each EU Member State is required to establish under the October 2005 amendments to the 8th Company Law Directive. The new Group may also provide technical input to the preparation of possible measures of the Commission implementing the Directive, such as endorsement of the International Standards on Auditing or assessment of third countries' public oversight systems. Click for:

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