Regulatory Alerts2015-07-21
Law 22/2015 of 20 July on the Audit of Accounts
The Spanish State enacted Law 22/2015 to transpose EU Directives 2014/56/EU and Regulation 537/2014, significantly updating the national legal framework for the statutory audit of accounts. The legislation establishes strict requirements for auditor independence, internal organization, and public supervision, while introducing enhanced transparency rules and specific provisions for entities of public interest. It also defines a comprehensive regime of administrative offenses and sanctions to ensure the integrity and reliability of financial reporting.
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