Regulatory Alerts2025-12-19
Supervisory Report: Control over the Use of Time and Resources and Fees Charged
The Dutch Authority for the Financial Markets (AFM) issued a December 2025 supervisory report evaluating ten audit firms on their management of time, resources, and fees as critical prerequisites for audit quality. The report identifies significant gaps in formalized policies, particularly regarding the lack of written guidelines for deploying technological tools and insufficient documentation justifying resource and fee assessments in audit files. It highlights good practices such as independent capacity planning, structured post-engagement evaluations, and inclusive fee-setting processes to enhance transparency and risk management.
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