Statutory Auditor

  • Antonio Chiappalupi


The position and liability of the statutory auditor have already been discussed in the Green Paper of 24 July 1996: “The role, the position and the liability of the statutory auditor within the European Union”. According to the current EU legal framework, a statutory auditor is any person that meets criteria such as good repute, qualifications, practical training, continuing education and public registration.


  1. Ajao, O. S., Olamide, J. O., & Temitope, A. A. (2016). Evolution and development of auditing. Ilishan Remo Ogun: Babcock University.Google Scholar
  2. Bragg, S. (2017). Financial statement audit. Accounting Tools. Retrieved from
  3. Cargou, C., & Dekker, P. (2010). Guidance on the 8th EU Company Law Directive. Monitoring the effectiveness of internal control, internal audit and risk management systems. Brussels: FERMA/ECIIA.Google Scholar
  4. Companies Act. (1862). Regulations for management of a company limited by shares. Retrieved June 21, 2018, from
  5. Competition Commission. (2013). Audit market investigation. Development of the statutory financial audit. Competition Commission. Retrieved June 21, 2018, from
  6. Dufour, A., Eddoo, N., & Felix, G. (2014). Liability of statutory auditors as well as tax and legal counsels in Europe. Retrieved June 21, 2018, from
  7. European Commission. (1996). Green Paper: “The role, the position and the liability of the statutory auditor within the European Union” (pp. 19–27). Official Journal C 321 of 28.10.1996. Retrieved June 21, 2018.Google Scholar
  8. European Commission. (2003). Communication from the Commission to the Council and the European Parliament. Reinforcing the statutory audit in the EU, COM (2003) 286 final. Brussels: European Commission.Google Scholar
  9. European Commission. (2011). International Accounting Standard 1 – Presentation of financial statements. Retrieved June 21, 2018, from
  10. European Commission. (2017). H2020 programme. Multi beneficiary: General model grant agreement. Retrieved June 21, 2018, from
  11. European Commission. (2018). Auditing of companies financial statement. Retrieved June 21, 2018, from
  12. Evans, L. (2003). Auditing and audit firms in Germany before 1931. Accounting Historians Journal, 30(2), 1.CrossRefGoogle Scholar
  13. KPMG. (2016). EU Audit reform: The impact on the role and responsibilities of audit committees. Retrieved from
  14. KPMG. (2018). European Union audit legislation: Frequently asked questions. KPMG International. Retrieved June 21, 2018, from
  15. Lee, T., & Ali, A. M. (2008). The evolution of auditing: An analysis of the historical development. Journal of Modern Accounting and Auditing, 4(12), 1–8.Google Scholar
  16. Matthews, D. (2006). A history of auditing: The changing audit process in Britain from the nineteenth century to the present day. New York: Routledge.CrossRefGoogle Scholar
  17. Pontani, F. (2015). La Revisione Contabile nel Mondo Occidentale Dal Medioevo all’Età Contemporanea. Pavia: Pavia University Press.Google Scholar
  18. Porter, B., Simon, J., & Hatherly, D. (2005). Principles of external auditing. Chichester: John Wiley & Sons.Google Scholar
  19. Schmid, C., & Werstermark, H. (2016). Legal opinion on the regulation of audit and audit supervision in the European Union, Germany and France. Lausanne: Institut Suisse de droit comparè.Google Scholar
  20. Soltani, B. (2007). Auditing: An international approach. Harlow: Pearson Education.Google Scholar
  21. Treasury Today. (2006). The 8th EU Directive. Treasury Today. Retrieved from

Further Readinngs

  1. Council Chamber, Whitehall. (1918). Report of the Committee upon the amendment of the law under Companies Acts, 1908 to 1917. Whitehall: Darling and Son, Limited.Google Scholar
  2. Wells, H. (2018). Research handbook on the history of corporate and company law. Cheltenham: Edward Elgar Publishing Limited.CrossRefGoogle Scholar

Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  • Antonio Chiappalupi
    • 1
  1. 1.BaselSwitzerland

Personalised recommendations