• Register
Return to: Home > News > Regulation > Agreement reached on the EU audit reform

Agreement reached on the EU audit reform

The Lithuanian presidency of the Council of the European Union (EU) and the European Parliament have agreed on the framework of the EU audit reform this morning, the EU Council has announced.

If the Committee of Permanent Representatives (COREPER) also agrees to the package, it will then be subject to a parliamentary vote in February before it can be published in the official journal.

In a statement, the EU Council said: "The framework of EU audit reform is preliminary agreed during the final trilogue by the Lithuanian EU Council Presidency and the European Parliament and is subject to the final agreement by member states in COREPER meeting later this week."

Details of the package are yet unknown and will only be made public once approved by member states.

Top Content

    Addressing tax challenges and the digitisation of the economy

    As the economy becomes even more globalised through digital sources, the tax systems currently in place need to be scrutinised to examine whether they are still fit for current and emerging business models. Joe Pickard reports on the OECD’s approach to this issue.

    read more

    Primary financial statements: a game changer in reporting?

    International Accounting Standards Board chair Hans Hoogervorst delivered a speech at the Seminario International sobre NIIF y NIF, organised by the Consejo Mexicano de Normas de Información Financiera in Mexico. The Accountant presents the highlights.

    read more

    FASB readies standards for the netflix generation

    The US Financial Accounting Standards Board (FASB) has updated its accounting standard for entertainment, with a specific eye on keeping up to date with how episodic content, such as television programmes, is consumed in the modern world. Jonathan Minter reports.

    read more

    Brexit: why it takes two to tango

    Former TA editor Vincent Huck, now editor of Insurance Asset Risk, looks at why Brexit might unleash geopolitical intrigue in Europe’s accounting standard-setting scene – and why IFRS 17 will be an incredible source of opportunity for firms in the coming years.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.