Statutory Audit Directive: European Commission confirms Guernsey and Jersey competent authorities meet adequacy requirements

By virtue of Commission Implementing Decision of 2013 (2013/288/EU), Guernsey and Jersey’s system of quality assurance was assessed and deemed ‘equivalent’ under the EU’s statutory audit directive (Directive 2006/43/EC). This meant that auditors from Guernsey and Jersey no longer needed be registered in the Member State where the audit was …

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