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Adoption of the Commission report on monitoring developments in the EU market for providing statutory audit services to public-interest entities pursuant to Article 27 of Regulation (EU) 537/2014

08/09/2017

The EU Commission has published a Report from the Commission to the council, the European Central Bank, the European Systemic Risk Board and the European Parliament on monitoring developments in the EU market for providing statutory audit services to public-interest entities pursuant to Article 27 of Regulation (EU) 537/2014.
The data contained in this report is based on the data the Commission received from National Competent Authorities and the European Competition Network.  This is the first joint report and will serve as a baseline for future reports by the EU Commission. The report is available here
 
 
Note: Table 1: Overview of market structure in EU Member States shows that Ireland has 5,272 as the number of registered audit firms. This number includes firms that may not be based in Ireland. As detailed in the IAASA Profile of the Profession Publications available here. ACCA authorises its UK based firms that wish to provide audit services to Irish clients as statutory audit firms in Ireland. In addition, three of the recognised accountancy bodies (‘RABs’) who approve member firms in both Ireland and the UK (ICAEW, ICAI and ICAS) generally approve their member firms to perform statutory audits in both jurisdictions.
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