home Member Statemeans a Member State in which a statutory auditor or audit firm is approved in accordance with Article 3(1);
host Member Statemeans 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 standardsmeans 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 undertakingsmeans 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 scepticismmeans 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.’
small undertakingsmeans the undertakings referred to in Article 1(1) and Article 3(2) of Directive 2013/34/EU;
statutory auditmeans an audit of annual financial statements or consolidated financial statements in so far as: