The Differences Between The Old and New Audit Law

On 22 September 2017, the final draft of the Audit Law was made and it came into force on 1 January 2018.

Since the following has been accepted on the level of European union: the Directive 2014/56 / EU of the European Parliament and of the Council of 16 April 2014 on changes of the Directive 2006/43 / EC on statutory audits of annual accounts and consolidated financial statements and the Regulation (EU) No. 537/2014 of the European Parliament and of the Council of 16 April 2014 on special requirements concerning the statutory audit of a public interest entity and the non-application of Commission Decision 2005/909 / EC with a view to establishing a new legal framework for the statutory audit of annual financial statements and consolidated financial statements reports, it is necessary to transpose Directive 2014/56 / EC into national legislation, i.e. to enable the implementation of Regulation (EU) No. 537/2014.

You can read more about these changes in the attachment.