- Publication date
- 25 July 2016
The European Commission adopted an Implementing Decision recognising that the auditor public oversight, quality assurance, investigation and penalty systems for auditors and audit entities of Mauritius, New Zealand and Turkey meet requirements that are equivalent to those applicable to Member States’ auditor public oversight systems. In addition, it also extends the transitional period for audit activities of auditors and audit entities of Bermuda, Cayman Islands, Egypt and Russia. Consequently, Member States will be able to exempt the auditors and audit firms concerned from the registration requirement and from the EU audit oversight.