Directive 2014/56/EU

In force

This text since 16 Jun 2014law://eu/dir/2014/56/art_1__pnt_7__pnt_a@2026-11-14

Contents

(a)in paragraph 1, point (i) is replaced by the following:‘(i)international auditing standards as referred to in Article 26;’

Source: EUR-Lex, © European Union, 1998-2026. Reuse authorised under Decision 2011/833/EU.

Key facts

Topics

Amends 1: Directive 2006/43/EC
Implemented by 4: The Statutory Auditors Regulations 2017; The Statutory Auditors and Third Country Auditors Regulations 2017; The Statutory Auditors and Third Country Auditors Regulations 2016; The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015
Cited by 5: Regulation (EU) 2024/16202 provisions; Haut Conseil du commissariat aux comptes v MO (C-368/23); KAHL G.m.b.H. & Co. K.G. v Hauptzollamt Hannover and C.E. Roeper GmbH v Hauptzollamt Hamburg (C-197/20); Proceedings brought by A (C-950/19)7 provisions; Council Decision (EU) 2018/635

Show every defined term

home Member State
means a Member State in which a statutory auditor or audit firm is approved in accordance with Article 3(1);
host Member State
means a Member State in which a statutory auditor approved by his or her home Member State seeks to be also approved in accordance with Article 14, or a Member State in which an audit firm approved by its home Member State seeks to be registered or is registered in accordance with Article 3a.
international auditing standards
means International Standards on Auditing (ISAs), International Standard on Quality Control (ISQC 1) and other related Standards issued by the International Federation of Accountants (IFAC) through the International Auditing and Assurance Standards Board (IAASB), in so far as they are relevant to the statutory audit. 3.
medium-sized undertakings
means the undertakings referred to in Article 1(1) and Article 3(3) of Directive 2013/34/EU of the European Parliament and of the Council;
professional scepticism
means an attitude that includes a questioning mind, being alert to conditions which may indicate possible misstatement due to error or fraud, and a critical assessment of audit evidence.’
public-interest entities
means:
small undertakings
means the undertakings referred to in Article 1(1) and Article 3(2) of Directive 2013/34/EU;
statutory audit
means an audit of annual financial statements or consolidated financial statements in so far as: