17 March 2006

FEE Survey on Implementation of EU Recommendation on Independence

A FEE Survey has found that the principles-based approach to auditor independence as set out in the EU Recommendation on Independence is now widely used throughout Europe. Auditor independence standards have been tightened and made more restrictive over recent years. The EU Recommendation on Independence has recently been given legal underpinning by the new Statutory Audit Directive.

The survey covers the status of implementation of the EU Recommendation on Independence and found that over three quarter of EU Member States have now adopted the principles of the EU Recommendation on Independence.

Press release
Survey

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