Soon, European Union regulations are coming into force in a significant way extending the statutory auditor's responsibilities.
What exactly will change?
Changes will be particularly revolutionary for those who are very interested in transparency. The form of the one-page opinion of the auditor will be significantly expanded. Several elements will appear from which one of the most important will be a description of the most significant risks and the most important insights associated with them.
The regulation concerns public interest entities, i.e. public companies whose shares are listed on a regulated market, and financial institutions such as banks, insurers, broker offices, etc.