Comparative Study on the Implementation of the Statutory Audit Directive in EU Member States
Author:
Assistant Prof. Melinda Timea FÜLÖP, Ph. D. Student
JEL:
M 42, M 40, M 50,M 48
DOI:
Keywords:
statutory audit, harmonization, European Commission, regulations
Abstract:
The study examines the necessity and the proposed takeover of the statutory audit directive by the Member States of the European Union. The actuality and importance that statutory audit has in the Member States requires the examination of the way in which the statutory audit directive was undertaken by them. Thus at the European level have already been taken great efforts since 1996 to achieve a single set of national rules of all Member States. The article presents a quantitative study in order to investigate the way the adoption of the statutory audit directive was made by the Member States. The results show that in 2010 all the 27 states have transposed the statutory audit directive in the national regulations. The quantitative study is followed by a qualitative study to analyze the breach of the European directives on companies and their financial reporting. At the end of the study is presented the takeover of the statutory audit directive in Romania.\r\n\r\n\r\n