As part of its monthly package of infringement decisions, the European Commission is pursuing legal action against Member States for failing to comply with their obligations under EU law. These decisions, covering various sectors and EU policy areas, including audit, aim to ensure the proper application of EU law for the benefit of citizens and businesses.
The European Commission has initiated the infringement procedure against 6 member states, including Romania, that have failed to fully implement the new EU rules on audit, namely the Audit Directive (Directive 2014/56/EU on statutory audits of annual accounts and consolidated accounts) that lays down the conditions for the approval and registration of persons that carry out statutory audits.
You can view the key decisions taken on Financial Stability, Financial Services and Capital Markets Union which are presented in the monthly fact sheet issued by the European Commission.
