4 January 2008
Consultation on EC Directives
2006/43/EC on the Statutory Audit of annual accounts and consolidated accounts and
2006/46/EC on Amending EC Accounting Directives
Together the two Directives seek to improve the credibility of financial statements provided by businesses in the EU, establish some basic sets of principles for the conduct of statutory audits and to engender good corporate governance practice.
The Department for Business Enterprise and Regulatory Reform (BERR) has conducted consultations on the impact of the two Directives on companies. Copies are available on the BERR website (external link).
This consultation is therefore specifically aimed at the mutual societies for which the Treasury has policy responsibility (i.e. building societies and friendly societies). BERR are implementing the provisions of the Directives in relation to Industrial & Provident Society Insurers, which are within the scope of the Directives. This consultation is open from 4 January 2008 to 29 February 2008.
The documents are available in Adobe Acrobat Portable Document Format (PDF). If you do not have Adobe Acrobat installed on your computer you can download the software free of charge from the Adobe website. For alternative ways to read PDF documents and further information on website accessibility visit the HM Treasury accessibility page.