Regulatory Alerts2024-11-28
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Sector in Beeld 2024
The Dutch Authority for the Financial Markets (AFM) issued the 2024 Sector in Beeld report to provide data-driven insights into the Dutch accountancy sector, focusing on market structure, sustainability, fraud, discontinuity, and technology. The analysis reveals a doubling of private equity market share among Regular Statutory Audit (RV) firms to 21%, while noting that a wide majority of these firms audit CSRD-mandated companies. Additionally, the report highlights a concerning low number of identified fraud risks in some statutory audits, a positive trend in RV firms, and a lack of registered cyber incidents among accounting organizations.