SUPERVISION ON AUDIT AND THE EFFECTS OF EU DIRECTIVE 56/2014 CASE STUDY: PORTUGAL AND SPAIN

Author's Name: Alcina A. de Sena Portugal Dias & Mercedes Mareque Álvarez-Santullano
Subject Area: Other
Subject Other
Section Research Paper

Keyword:

EU Directives, Audit Supervision, Charges, Portugal, Spain


Abstract

This paper will consider the transposition of EU Directives either in Portugal or in Spain. It is well known that their aim is to reinforce the audit supervision. The impact of last Directive 56/2014 will be reflected under the Portuguese and the Spanish frame law. As a consequence the supervision on auditors will be considered and the charges connected to this supervision will be described concluding that there are some differences either as to their value or as to their independence of duties. As final remark a good practice from Sweden on these issues will be displayed.

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