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  • Datum: 07.04.2014

EU Audit Reform – The KPMG View 

The European Parliament has now voted to approve a Regulation and a Directive intended to reform the audit market in the EU. It remains for the Council of Ministers to ratify the measures thereby paving the way for the legislation to enter into force in the EU in the second half of 2014. There is a two year transition period which means that the legislation will become applicable in the 28 Member States of the EU in 2016, consequently all stakeholders need to begin to plan for the new rules.