The Committee of European Auditing Oversight Bodies (the ‘CEAOB’), of which IAASA is a member, has recently adopted guidelines on “Monitoring the fee cap of non-audit services”
IAASA is an active participant in the CEAOB.
The CEAOB is the framework for co-operation between national audit oversight bodies at EU level. Its role is to strengthen EU-wide audit oversight, which is a key objective of EU legislation on statutory audit that took effect on 17 June 2016. The CEAOB is composed of representatives of the national audit oversight bodies of the EU and the European Securities and Markets Authority (‘ESMA’). Representatives of the national audit authorities of the European Economic Area also participate.