EU Rules Limit the Furnishing of Non-Audit Tax Services by Auditors of Public Interest Companies and Require Mandatory Auditor Rotation

New EU rules, finalized 16 June 2014, place significant restrictions on Auditors of public interest companies domiciled in the EU, which can include subsidiaries of non-EU companies. Public interest companies generally include listed companies, credit institutions and insurance companies. Each EU Member State has the option to expand the types of companies included.
Non-Audit Services
Under…
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