Publication

8 April 2020

The scope of bank audits in Europe 2020 Edition

In 2020, we have renewed our analysis of the scope of bank audit legislation.

We investigated 26 European Union (EU) Member States (excluding Poland) plus Norway, Switzerland, Turkey and the United Kingdom. We found that EU Member States often supplement EU legislative requirements. The variety and types of supplemental legislation differ greatly and show nuances based on each national context.

Similar to the 2016 edition of the survey, the results on ‘additional supervisory requirements’ continue to indicate divergence between countries. Our survey also shows a shift from statutory audit (S) or other assurance requirement (O) to a combination of both (S/O). For example, some assignments related to a certain category of ‘additional supervisory requirements’ (e.g. Compliance: Regulatory organisation/governance) are part of the statutory audit (S) while others are other assurance requirements (O).

Related content

EventWorking Together for the planet: Audit & Assurance of sustainability Information

29 April 2021

UpdateAudit Policy

5 March 2021

EventSustainable corporate governance: future role for audit committees

5 February 2021

PublicationGoing concern: recommendations to strengthen the financial reporting ecosystem

3 February 2021

PublicationFraud: recommendations to strengthen the financial reporting ecosystem

3 February 2021

Publication10 most popular publications in 2020

2 February 2021

UpdateAudit Policy

28 January 2021

UpdateAudit Policy

15 December 2020

EventThe path to high-quality non-financial information assurance

26 November 2020

UpdateAudit Policy

23 November 2020

NewsOur work towards the Future of Corporate Reporting

2 November 2020

UpdateAudit Policy

23 October 2020

EventMembers’ Webinar Series

21 October 2020

EventImplementing ESEF

12 October 2020

UpdateAudit Policy

21 September 2020

Consultation responseIAASB’s consultation on proposed guidance: extended external reporting (EER) assurance

24 July 2020

Consultation responseEC’s consultation on the renewed sustainable finance strategy

15 July 2020

UpdateAudit Policy

13 July 2020

Consultation responseEBA consultation on prudential treatment of software assets

10 July 2020

PublicationOrganisation of the public oversight of the audit profession in 30 European countries

9 July 2020

Sign up for our newsletter

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