Press Release: Commission consults on regulation of non-EU audit firms

The European Commission has launched a public consultation on its future strategy and priorities on statutory audit in relation to non-EU countries (known as 'third countries'). The Commission wants to know the business community's views on how third-country audit firms could be supervised and on how the EU could cooperate with third countries. The consultation should assist the Commission in finding pragmatic and consistent solutions within the framework of the Directive on Statutory Audit. Interested parties are invited to submit their contributions by 5 March 2007.