New EU rules, finalized 16 June 2014, place significant restrictions on Auditors of public interest companies domiciled in the EU, which can include subsidiaries of non-EU companies. Public interest companies generally include listed companies, credit institutions and insurance companies. Each EU Member State has the option to expand the types of companies included.
Non-Audit Services
Under the rules, the auditor of a public interest company is not allowed to provide certain other non-aud…