The EU regulatory framework that the UK will leave
EU auditors / audit firms
Competent EU authorities
Enable simplified registration for audit firms across the EU based on home country rules.
Inspections / quality assurance (QA)
Oversight provisions, based on principle of home country provision and host country oversight.
Provision to facilitate cooperation between authorities in relation to investigation and sanctions.
Cooperation between competent authorities, including via supervisors and CEAOB structures.
Audit working papers
Ability to transfer working papers to competent authorities in other EU member states.