Guidebook to the EAR
Our guidebook explores the baseline measures of the EAR and offers relevant insight into how to respond to the changes.
Encouraging transparent appointment procedures of statutory auditors or audit firms
InsightsLatest news and eventsThe EU Audit ReformAbout the reformThe primary measures introduced by the EAR
More prescriptive tendering
The EAR specifies a more prescriptive tendering process for PIEs when appointing statutory auditors.
The tendering process must take place under the responsibility of the audit committee of PIEs, and will require the latter to recommend to the board at least two choices of statutory auditors or audit firms, with a justified preference for one. In addition, the legislation includes several measures to remove barriers to entry, including encouraging non-dominant audit firms to participate in tenders.
For more information on future tendering processes, please consult our Factsheet.
What you need to know about joint audit
The recognition given to joint audit within the new regulation reinforces the idea that the system is a proven and valued option. As an expert on joint audit, we invite you to learn more about its concept, its methods and its associated benefits.