Publication

9 July 2020

Organisation of the public oversight of the audit profession in 30 European countries Survey results

Enhancing companies’ credibility through audit ensures that stakeholders make informed decisions based on these companies’ financial statements. In parallel, public oversight ensures audit quality. 

The revised European Union (EU) statutory audit rules significantly impact how the public oversight of statutory auditors and audit firms is organised. Designated national public oversight bodies have the ultimate responsibility for the oversight of the audit professionThey can delegate certain tasks to other authorities and professional bodies. 

This survey presents the impact of the 2014 EU audit legislation. Our findings show that the national public oversight bodies now carry out many activities previously in the competence of the professional bodies. 

This survey also provides an overview of how the public oversight is organised in each of the 27 EU Member States, Iceland, Norway and the United Kingdom, i.e. composition, fundingtransparency and key activities of the national public oversight bodies and delegation of tasks to other bodies. 

This publication is based on the input of our members and it is part of a series of work done by Accountancy Europe on the 2014 rules on statutory audit. It is an updated version of our previous work:  

Related content

PublicationHow is access to the European accountancy profession regulated?

7 July 2020

PublicationOrganisation of the public oversight of the audit profession in Europe

13 March 2018

PublicationFEE provides unique overview of national public audit oversight in 23 European countries

13 July 2015

UpdateAudit Policy

13 September 2022

Consultation responseLetter to Commissioner McGuinness on EFRAG’s draft ESRS

29 July 2022

Consultation responseEFRAG PTF-ESRS exposure drafts on European sustainability reporting standards

29 July 2022

UpdateAudit Policy

6 July 2022

PublicationPublic audit oversight

29 June 2022

PublicationDefining a public interest entity

21 June 2022

PublicationStronger internal controls to reduce corporate risks

17 June 2022

UpdateAudit Policy

7 June 2022

PublicationNon-audit services

30 May 2022

PublicationMandatory rotation of auditors

30 May 2022

EventAudit quality: definition, drivers and indicators

18 May 2022

UpdateAudit Policy

12 May 2022

PublicationAudit Quality Indicators: a global overview of initiatives

5 May 2022

UpdateAudit Policy

13 April 2022

PublicationESG Governance

12 April 2022

UpdateAudit Policy

10 March 2022

UpdateAudit Policy

8 February 2022

NewsStronger corporate reporting in Europe – solutions by the accountancy profession

2 February 2022

Consultation responseEC’s consultation on corporate reporting – improving its quality and enforcement

2 February 2022

Consultation responseIAASB’s Exposure Draft on a New Standard for Audits of Less Complex Entities

26 January 2022

Sign up for our newsletter

* indicates required
Would you like to subscribe to our newsletter?
On which topics would you like to receive news?