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Directive 2006/43/EC of the European Parliament and of the Council of 17 May 2006 on statutory audits of annual accounts and consolidated accounts, amending Council Directives 78/660/EEC and 83/349/EEC and repealing Council Directive 84/253/EEC (Text with EEA relevance) article 22b CELEX: 02006L0043-20240109 Preparation for the statutory audit and assessment of threats to independence
Member States shall ensure that, before accepting or continuing an engagement for a statutory audit, a statutory auditor or an audit firm assesses and documents the following:
— whether he, she or it complies with the requirements of Article 22 of this Directive;
— whether there are threats to his, her or its independence and the safeguards applied to mitigate those threats;
— whether he, she or it has the competent employees, time and resources needed in order to carry out the statutory audit in an appropriate manner;
— whether, in the case of an audit firm, the key audit partner is approved as statutory auditor in the Member State requiring the statutory audit;
Member States may provide simplified requirements for the audits referred in points (b) and (c) of point 1 of Article 2. |