Surprisingly, the vast majority of European companies (around 98. 7%) are today exempted from statutory audit, covering almost half of all employees in Europe. It is also interesting to note that approximately 1.4 million audits are performed each year while the EU mandates only 0.3 million and that the audit exemption threshold varies according to… » read more
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accounting, audit, audit exemption thresholds, Commissioner Barnier, corporate governance, English, green paper, role of audit, small entities, SMEs |