Consultation response

25 January 2018

EC’s consultation on fitness check on supervisory reporting

Accountancy Europe responded to European Commission’s questionnaire on fitness check on supervisory reporting aiming to gather evidence on the cost of compliance with existing EU-level supervisory reporting requirements.

We have submitted a comment letter with our views on the divergence in practice in the auditor’s involvement in regulatory reporting and public disclosure for banks and insurance undertakings. This divergence may create doubts about the reliability and quality of data.

We provided more information to support our views from two survey results on audit of Solvency II reporting by insurance undertakings and on audit of banks across Europe (links below).

Related content

PublicationScope of audit of Solvency II reporting by insurance undertakings

15 December 2016

PublicationScope of audit of banks across Europe – 2016 update

29 September 2016

Consultation responseEIOPA’S Solvency II reporting and disclosure review 2020

12 December 2019

In the mediaAn Overview of KAMs in the European Banking Sector

15 November 2019

EventCapital Markets Union 2024

12 November 2019

Consultation responseEIOPA’S Solvency II reporting and disclosure review 2020

21 October 2019

PublicationKey audit matters in European Banking sector – update 2019

7 October 2019

Consultation responseIASB’s exposure draft on proposed amendments to IFRS 17 and EFRAG’s draft comment letter thereon

4 October 2019

Team memberJona Basha

9 September 2019

PublicationSimplifying withholding tax procedures

2 May 2019

PublicationThe Business Insolvency Directive

28 March 2019

Consultation responseEIOPA’S Solvency II reporting and disclosure review 2020

20 February 2019

UpdateCapital Markets Union

6 February 2019

UpdateCapital Markets Union

31 December 2018

Publication10 Most popular publications of 2018

11 December 2018

UpdateCapital Markets Union

3 December 2018

Consultation responseESMA’s draft guidance on prospectus risk factors

16 October 2018

BlogSustainable finance: what’s it got to do with accountants?

10 October 2018

UpdateCapital Markets Union

3 October 2018

PublicationReporting key audit matters in the EU banking sector

28 September 2018

UpdateCapital Markets Union

31 August 2018

UpdateCapital Markets Union

2 August 2018

Sign up for our newsletter