IMPLEMENTACIJA OPCIJA O POSEBNIM ZAHTJEVIMA REVIZIJE SUBJEKATA OD JAVNOG INTERESA IZ UREDBE (EU) br. 537/2014: PRIMJENA U ZEMLJAMA ČLANICAMA
IMPLEMENTATION OF OPTION ON SPECIFIC REQUIREMENTS OF AUDITING PUBLIC INTEREST ENTITIES FROM THE REGULATION (EU) NO. 537/2014: APPLICATION IN EU MEMBER STATES

Summary/Abstract: The audit framework of the each EU country should be harmonized with the Directive 2014/56/EU and Regulation (EU) No. 537/2014 relating to the specificity of performing a statutory audit of public interest entities. EU member states shall adopt appropriate provisions to ensure the effective application of the Regulation. Within the Regulation, EU member states are given numerous options for selecting options available for use in their local implementation. The aim of the research is to make a comparative analysis between the EU Member States with regard to the implementation of options on special requirements for auditing of public interest entities from the Regulation (EU) No. 537/2014 to identify key differences and similarities between EU Member States, using the following benchmarking criteria: definition of public interest entities in EU member states, rotation of auditors or audit firms and major partners, provision of non-audit services, structure of auditing fees received from public interest entities and audit reporting. Using desk research method, we analyzed the inspection frame of 28 EU member states and for the application of that used options on the specific requirements of the audit of public interest entities in the Regulation (EU) No. 537/2014. Based on the audit framework analysis of EU member states, it can be concluded that the Regulation transposition has resulted in regulatory differences.

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