The European Legislative Framework for Audit Committees - European Company Law View The European Legislative Framework for Audit Committees by - European Company Law The European Legislative Framework for Audit Committees 12 1

This first analysis of the new European legal framework of audit committees of public-interest entities shows that the role and importance of this committee is considered to be pivotal. The requirements to monitor the work and independence of the auditor should not be underestimated. There are some doubts, however, whether all the new measures are all equally advantageous for reaching the goal of an effective statutory audit.

European Company Law