France

The main elements of the French audit law are the following:

• Mandatory audit firm rotation must take place every 10 years. 
• The audit mandate can be extended for another 6 years after an open and competitive tender has been carried out.
• In the case of joint audit, the rotation period can be extended to 24 years without the need to tender.
• Key audit partners must rotate after 6 years.
• No additional items have been added to the EU list of prohibited non-audit services.
• Services that are not on the list of prohibited services may be provided after approval by the Audit Committee.
• The fee cap for non-audit services is maintained at 70 %, as established in the EU legislation.

For a more detailed overview of the French implementation measures, please consult our information sheet.