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What independence requirements are acceptable under Article 45 (5) (d) of Directive 2006/43/EC

Article 45 (5) (d) of Directive 2006/43/EC requires the relevant audits to be carried out in accordance with independence requirements according to Articles 22, 24 and 25 of the Directive or equivalent requirements. The relevant authorities in the Member States may accept independence requirements in accordance to the IFAC Code of Ethics or with the Ethical Standards set by the Financial Reporting Council in the UK.