EC defers registration of non-EU audit firms from 30 countries

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07 Aug 2008

The European Commission has granted a transitional period for the registration requirements for audit firms from 30 non-EU countries.

Those firms may continue their audit activities regarding non-EU companies listed on European markets without registering until 1 July 2010. However, transition will only be granted if the non-EU audit firms comply with the minimum information requirements necessary for investors in Europe. Audit firms from non-EU countries that do not fall under the transitional regime will be subject to full registration and oversight by the competent EU Member State. Click for Press Release (PDF 94k).

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