Regulatory Alerts2026-04-17
Amendment Act on the Accountancy Sector: Impact on Your Organization
The Dutch Authority for the Financial Markets (AFM) issued this guidance in April 2026 regarding the Amendment Act on the Accountancy Sector, which is expected to enter into force on July 1, 2026. The legislation introduces stricter governance requirements for the largest audit firms, clarifies their shared responsibility for audit quality, mandates audit quality indicator reporting, establishes a mechanism for assigning auditors to public interest entities without one, and permits reporting of audit deficiencies to the regulator. These measures aim to enhance the quality of statutory audits and restore trust in the accountancy sector.
Share