eighth council direct april base articl treati approv person respons carri statutori audit account document eec council european commun regard treati establish european econom commun articl thereof regard propos commiss regard opinion european parliament regard opinion econom social committe direct eec annual account type compani audit person entitl carri audit compani mention articl direct exempt aforement direct supplement direct eec consolid account qualif person entitl carri statutori audit account document harmon ensur person independ good reput high level theoret knowledg requir statutori audit account document abil appli knowledg practic ensur mean examin profession compet member state power approv person fulfil condit impos theoret train engag profession activ long time afford suffici experi field financ law account pass examin profession compet member state author adopt transit provis benefit profession person oj oj oj oj oj oj member state approv natur person firm auditor legal person type compani firm partnership natur person carri statutori audit account document behalf firm auditor fulfil condit direct member state approv person obtain qualif state equival requir direct member state direct adopt recogn categori natur person fulfil condit impos direct level examin profession compet univers final examin level allow continu condit subsequ coordin grant person special approv purpos carri statutori audit account document compani bodi undertak limit size member state made possibl exempt afford commun direct respect prepar consolid account direct cover establish freedom provid servic regard person respons carri statutori audit account document recognit approv nation member state purpos carri audit specif regul direct take pursuit activ field financ econom account freedom provid servic field adopt direct section scope articl coordin measur prescrib direct appli law regul administr provis member state person respons carri statutori audit annual account compani firm verifi annual report consist annual account audit verif requir commun law carri statutori audit consolid account bodi undertak verifi consolid annual report consist consolid account audit verif requir commun law person refer paragraph depend legisl member state natur legal person type compani firm partnership firm auditor defin direct section ii rule approv articl statutori audit document refer articl carri approv person author member state approv natur person satisfi condit laid articl firm auditor satisfi condit natur person carri statutori audit document refer articl behalf firm auditor satisfi condit impos articl member state provid natur person approv ii major vote right held natur person firm auditor satisfi condit impos articl except articl member state provid natur person firm auditor approv member state impos major time adopt direct impos provid share firm auditor regist transfer agreement firm auditor member state approv compet author iii major member administr manag bodi firm auditor natur person firm auditor satisfi condit impos articl member state provid natur person firm auditor approv bodi member member satisfi condit prejudic articl approv firm auditor withdrawn condit impos longer fulfil member state provid period grace year purpos meet requir impos ii iii purpos direct author member state profession associ provid author nation law grant approv defin direct articl author member state grant approv person good reput carri activ incompat law member state statutori audit document refer articl articl natur person approv carri statutori audit document refer articl attain univers entranc level complet theoret instruct undergon practic train pass examin profession compet univers final examin level organ recogn state articl examin profession compet refer articl guarante level theoret knowledg subject relev statutori audit document refer articl abil appli knowledg practic part examin written articl text theoret knowledg includ examin cover subject audit analysi critic assess annual account gener account consolid account cost manag account intern audit standard relat prepar annual consolid account method valu balanc sheet item comput profit loss legal profession standard relat statutori audit account document carri audit relev audit compani law law insolv similar procedur tax law civil commerci law social secur law law employ inform comput system busi gener financi econom mathemat statist basic principl financi manag undertak articl derog articl member state provid person pass univers equival examin hold univers degre equival qualif subject refer articl exempt test theoret knowledg subject cover examin degre derog articl member state provid holder univers degre equival qualif subject refer articl exempt test abil appli practic theoret knowledg subject receiv practic train attest examin diploma recogn state articl order ensur abil appli theoret knowledg practic test includ examin traine complet minimum year practic train inter alia audit annual account consolid account similar financi statement third practic train complet person approv law member state accord direct member state permit practic train carri person approv law member state accord direct member state ensur train carri person provid adequ guarante train articl member state approv person carri statutori audit document refer articl fulfil condit impos articl show year engag profession activ enabl acquir suffici experi field financ law account pass examin profession compet refer articl year engag profession activ field addit undergon practic train refer articl pass examin profession compet refer articl articl member state deduct period theoret instruct field refer articl year profession activ refer articl provid instruct attest examin recogn state instruct year reduc period profession activ year period profession activ practic train shorter programm theoret instruct practic train requir articl articl author member state approv person obtain part qualif state provid fulfil condit compet author qualif equival requir law member state accord direct furnish proof legal knowledg requir member state purpos statutori audit document refer articl author member state requir proof legal knowledg obtain state suffici articl appli articl member state approv accord direct profession person approv individu act member state compet author applic provis refer articl admiss natur person profession associ recogn state law state admiss confer member associ carri statutori audit document refer articl consid approv individu act purpos paragraph articl articl applic provis refer articl member state approv accord direct profession person approv individu act compet author qualif member state person approv individu act date approv carri statutori audit document refer articl behalf approv person articl member state approv accord direct firm auditor approv individu act member state compet author applic provis refer articl condit impos articl ii iii compli end period fix year date applic provis refer articl natur person applic provis refer articl carri statutori audit document refer articl firm auditor date author continu fulfil condit impos direct articl year applic provis refer articl profession person approv individu act compet author qualifi member state carri statutori audit document refer articl fact carri activ date approv member state accord direct articl year applic provis refer articl member state appli transit measur respect profession person date maintain audit annual account document type compani firm subject statutori audit longer carri audit introduct statutori audit special measur enact benefit articl articl appli articl articl year applic provis refer articl member state appli transit measur respect person undergo profession practic train provis appli complet train fulfil condit impos direct unabl carri statutori audit document refer articl train articl appli articl profession person refer articl person refer articl approv derog articl compet author fit carri statutori audit document refer articl qualif equival person approv articl articl member state make possibl provid articl direct eec time adopt direct categori natur person nation legisl carri statutori audit document refer articl direct subsequ coordin statutori audit account document special approv purpos carri statutori audit document refer articl case compani exce limit criteria establish articl direct eec natur person act name fulfil condit impos articl direct save level examin profession compet lower requir articl direct carri statutori audit compani question exceed limit criteria establish articl direct eec compani form part bodi undertak consolid exce limit criteria establish articl direct eec person carri statutori audit document refer articl direct case compani articl member state make possibl provid articl direct eec direct adopt categori natur person nation legisl carri statutori audit document refer articl direct subsequ coordin statutori audit account document special approv purpos carri statutori audit document refer articl person approv pursuant articl direct parent undertak balanc sheet date bodi undertak consolid basi undertak latest annual account exce limit criteria establish articl direct eec provid empow carri statutori audit document refer articl direct undertak includ consolid articl member state make articl practic train person concern refer articl complet person approv law member state carri statutori audit refer articl section iii profession integr independ articl member state prescrib person approv statutori audit document refer articl carri audit profession integr articl member state prescrib person carri statutori audit requir person independ accord law member state requir audit articl articl appli natur person satisfi condit impos articl carri statutori audit document refer articl behalf firm auditor articl member state ensur approv person liabl sanction carri audit accord articl articl member state ensur member sharehold approv firm auditor member administr manag supervisori bodi firm person satisfi condit laid articl member state interven execut audit jeopard independ natur person audit document refer articl behalf firm auditor section iv public articl member state ensur name address natur person firm auditor approv carri statutori audit document refer articl made public addit made public respect approv firm auditor name address natur person refer articl name address member sharehold firm auditor name address member administr manag bodi firm auditor natur person permit carri statutori audit document refer articl case compani condit refer articl paragraph articl appli categori compani firm bodi undertak respect audit permit section final provis articl contact committe set articl direct eec facilit prejudic articl treati harmon applic direct regular meet deal practic problem aris connect applic advis commiss addit amend direct articl member state bring forc januari law regul administr provis compli direct forthwith inform commiss thereof member state provid provis refer paragraph appli januari member state ensur commun commiss text main provis nation law adopt field cover direct member state ensur commun commiss list examin organ recogn pursuant articl articl direct address member state brussel april council presid cheysson