Audit Directive definition

Audit Directive means Directive 2006/43/EC of the European Parliament and of the Council on statutory audits of annual accounts and consolidated accounts, amending Council Directives 78/660/EEC and 83/349/EEC and repealing Council Directive 84/253/EEC(7);
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Audit Directive means Directive 2006/43/EC of the European Parliament and of the Council of 17 May 2006 as amended by Directive 2014/56/EU of the European Parliament and of the Council of 16 April 2014 on statutory audits of annual accounts and consolidated accounts;
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Audit Directive means Directive2006/43/EC of the European Parliament and of the Council on statutory audits of annual accounts and consolidated accounts;
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Examples of Audit Directive in a sentence

  • No. The 2006 Statutory Audit Directive (the 8th Directive) included the same definition.

  • The Legislation is in the form of a Directive and a Regulation.The Directive contains a series of requirements governing every statutory audit in the EU and amends the existing Statutory Audit Directive of 2006.The Regulation contains a series of additional requirements that relate only to the statutory audits of Public Interest Entities (PIE).

  • The practice here was that special purpose financial statements were accompanied by a special purpose audit opinion even where the Audit Directive and Audit Regulation applied to the issuer.

  • BASELINE SCENARIO AND SUBSIDIARITY‌ 3.1. Baseline scenario‌ If no change in policy occurs, statutory audit will be performed on the basis of the existing obligations under the Statutory Audit Directive and other related legal acts (see Annex 2 for the existing legal framework), respective national legislation, as well as self-regulatory codes.

  • The EU Audit Directive defines a ‘person closely associated’ as within the meaning in Commission Directive 2004/72/EC.

  • It includes a statutory audit performed pursuant to the EU Audit Directive and Regulation or otherwise designated by national law as a statutory audit.

  • Article 31 of the Statutory Audit Directive requests the European Commission to present a report on the impact of current national liability rules for the carrying out of statutory audits on European capital markets and on the insurance conditions for statutory auditors and audit firms, including an objective analysis of the limitations of financial liability.

  • In the EU Audit Directive and Regulation the term ‘statutory auditor’ is used in the context of a natural person.

  • Even after the adoption of the Statutory Audit Directive in 2006, self-regulation continued to exist in most of the Member States in the areas covered by the Directive, including the statutory audits of PIEs. The crisis has shown that self-regulation is not sufficient when looking towards the future.

  • That directive was replaced in 2006 by the Statutory Audit Directive, which expanded the scope to also cover some principles concerning the carry out of statutory audit and related supevision and a few specific provisions on the audit of PIEs. The Statutory Audit Directive is based on the freedom of establishment provisions of the Treaty102.


More Definitions of Audit Directive

Audit Directive means Directive 2006/43/EC of the European Parliament and of the Council of 17 May 20065 on statutory audits of annual accounts and consolidated accounts, amending Council Directives 78/660/EEC and 83/349/EEC and repealing Council Directive 84/253/EEC, as amended by Directive 2014/56/EU of the European Parliament and of the Council of 16 April 20146 amending Directive 2006/43/EC on statutory audits of annual accounts and consolidated accounts;
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Audit Directive means Directive 2006/43/EC of the European Parliament and of the Council of 17 May 20065 on statutory audits of 35
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Audit Directive means Directive 2014/56/EU amending the first Audit Directive (2006/43/EC);
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Related to Audit Directive

  • Supervisory Committee means an oversight committee elected at a general meeting;

  • Technical Committee means the body established in accordance with article VII;

  • Supervisory Review means ongoing clinical case reviews in accordance with procedures developed by ADMINISTRATOR, to determine the appropriateness of Diagnosis and treatment and to monitor compliance to the minimum ADMINISTRATOR and Medi-Cal charting standards. Supervisory review is conducted by the program/clinic director or designee.

  • Audit Committee means the audit committee of the board of directors of the Company established pursuant to the Articles, or any successor committee.