+CHAPTER II APPROVAL, CONTINUING EDUCATION AND MUTUAL RECOGNITION
---+Article 3 Approval of statutory auditors and audit firms
------+Article 3 1.
------+Article 3 2.
------+Article 3 3.
------+Article 3 4.
---+Article 3a Recognition of audit firms
------+Article 3a 1.
------+Article 3a 2.
------+Article 3a 3.
---+Article 4 Good repute
---+Article 5 Withdrawal of approval
------+Article 5 1.
------+Article 5 2.
------+Article 5 3.
---+Article 6 Educational qualifications
------+Article 6 1.
------+Article 6 2.
------+Article 6 3.
---+Article 7 Examination of professional competence
------+Article 7 1.
------+Article 7 2.
---+Article 8 Test of theoretical knowledge
------+Article 8 1.
------+Article 8 2.
------+Article 8 3.
---+Article 9 Exemptions
------+Article 9 1.
------+Article 9 2.
---+Article 10 Practical training
------+Article 10 1.
------+Article 10 2.
---+Article 11 Qualification through long-term practical experience
---+Article 12 Combination of practical training and theoretical instruction
------+Article 12 1.
------+Article 12 2.
---+Article 13 Continuing education
---+Article 14 Approval of statutory auditors from another Member State
------+Article 14 1.
------+Article 14 2.
------+Article 14 3.
---+Article 14a Statutory auditors approved or recognised before 1 January 2024 and persons undergoing the approval process for statutory auditors on 1 January 2024

CHAPTER II APPROVAL, CONTINUING EDUCATION AND MUTUAL RECOGNITION

CHAPTER II APPROVAL, CONTINUING EDUCATION AND MUTUAL RECOGNITION

1. Ħarsa ġenerali

,
Article 3 Approval of statutory auditors and audit firms
Article 3a Recognition of audit firms
Article 4 Good repute

Article 4

Good repute

The competent authorities of a Member State may grant approval only to natural persons or firms of good repute.
Article 5 Withdrawal of approval
Article 6 Educational qualifications
Article 7 Examination of professional competence
Article 8 Test of theoretical knowledge
Article 9 Exemptions
Article 10 Practical training
Article 11 Qualification through long-term practical experience

Article 11

Qualification through long-term practical experience

A Member State may approve a person who does not satisfy the conditions laid down in Article 6 as a statutory auditor, if he or she can show either:

(a) 

that he or she has, for 15 years, engaged in professional activities which have enabled him or her to acquire sufficient experience in the fields of finance, law and accountancy, and has passed the examination of professional competence referred to in Article 7, or

(b) 

that he or she has, for seven years, engaged in professional activities in those fields and has, in addition, undergone the practical training referred to in Article 10 and passed the examination of professional competence referred to in Article 7.
Article 12 Combination of practical training and theoretical instruction
Article 13 Continuing education

Article 13

Continuing education

Member States shall ensure that statutory auditors are required to take part in appropriate programmes of continuing education in order to maintain their theoretical knowledge, professional skills and values at a sufficiently high level, and that failure to respect the continuing education requirements is subject to appropriate sanctions as referred to in Article 30.
Article 14 Approval of statutory auditors from another Member State
Article 14a Statutory auditors approved or recognised before 1 January 2024 and persons undergoing the approval process for statutory auditors on 1 January 2024

Article 14a

Statutory auditors approved or recognised before 1 January 2024 and persons undergoing the approval process for statutory auditors on 1 January 2024

Member States shall ensure that statutory auditors that are approved or recognised to carry out statutory audits before 1 January 2024 are not subject to the requirements of Article 7(2), Article 8(3), the second subparagraph of Article 10(1) and the fourth subparagraph of Article 14(2).

Member States shall ensure that persons that on 1 January 2024 are undergoing the approval process provided for in Articles 6 to 14 are not subject to the requirements of Article 7(2), Article 8(3), the second subparagraph of Article 10(1) and the fourth subparagraph of Article 14(2), provided they complete that process by 1 January 2026.

Member States shall ensure that statutory auditors approved before 1 January 2026 who wish to carry out the assurance of sustainability reporting acquire the necessary knowledge of sustainability reporting and the assurance of sustainability reporting, including of the subjects listed in Article 8(3), via the continuing education referred to in Article 13.

1.1 Referenzi

1.2 Rekwiżiti identifikati

1.3 Standards relatati

2. Rekwiżiti identifikati

Rekwiżiti

3. Standards relatati

Standards