EUROPEAN CORPORATE GOVERNANCE BECOMES MORE COMPLEX AS AUDIT REQUIREMENTS GROW
November 1st, 2016
The reform of European Union (EU) statutory audit rules, which came into force on June 17, represents a set of challenges to public interest entities (PIEs) and their audit committees. And with these changes applying to fiscal years beginning on or after this date, and given that there are about 37,000 PIEs (basically listed companies, credit institutions and insurance undertakings) across the EU, the reform is having a profound effect on European corporate governance.
Given the need for accuracy and fairness in audits of such companies, it is helpful that ...
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