The European legislative framework for audit committees

    Research output: Contribution to journalArticleScientificpeer-review


    In 2014 the European Union reformed the regulatory framework of statutory audits in Directive 2014/56/EC and Regulation (EU) Nr. 537/2014. Part of the new legislation addresses the composition and responsibilities of the audit committee of public-interest entities. This contribution studies the innovations for audit committees. It is shown that many new requirements are very detailed and will force audit committees to develop new procedures. We fear that some of these new requirements are too prescriptive and will not necessarily reach the goal of better audits.
    Original languageEnglish
    Pages (from-to)26-33
    Number of pages8
    JournalEuropean Company Law
    Issue number1
    Publication statusPublished - Feb 2015


    • Audit committee
    • Corporate Governance
    • Monitoring
    • Auditor
    • Independence


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