United States

EU Audit Reforms May Affect U.S. Companies

Aug 06, 2015
From the Financial Reporting Network

This edition of Defining Issues reports that new European Union (EU) audit reforms that will take effect by mid-2016 may affect U.S. companies, especially those with an EU parent or those with banking, insurance, or certain other subsidiaries domiciled in the EU. Although the full impact of the reforms will not be known until June 2016 when all 28 EU countries have completed incorporating the reforms into their respective national laws, this edition outlines some of the potential impacts on U.S. companies.

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