Article 12 | Audit Directive | Directive 2006/43/EC

Article 12 - Directive 2006/43/EC (Audit Directive)

Article 12

Combination of practical training and theoretical instruction

1. Member States may provide that periods of theoretical instruction in the fields referred to in Article 8 shall count towards the periods of professional activity referred to in Article 11, provided that such instruction is attested by an examination recognised by the State. Such instruction shall not last less than one year, nor may it reduce the period of professional activity by more than four years.

2. The period of professional activity and practical training shall not be shorter than the course of theoretical instruction together with the practical training required in Article 10.

Recitals

CHAPTER I - SUBJECT MATTER AND DEFINITIONS (Article 1-2)

CHAPTER II - APPROVAL, CONTINUING EDUCATION AND MUTUAL RECOGNITION (Article 3-14)Article 3 - Approval of statutory auditors and audit firms Q&A Article 4 - Good repute Q&A Article 5 - Withdrawal of approval Article 6 - Educational qualifications Q&A Article 7 - Examination of professional competence Q&A Article 8 - Test of theoretical knowledge Q&A Article 9 - Exemptions Q&A Article 10 - Practical training Q&A Article 11 - Qualification through long-term practical experience Q&A Article 12 - Combination of practical training and theoretical instruction Q&AGL Article 13 - Continuing education Q&A Article 14 - Approval of statutory auditors from other Member States Q&A

CHAPTER III - REGISTRATION (Article 15-20)

CHAPTER IV - PROFESSIONAL ETHICS, INDEPENDENCE, OBJECTIVITY, CONFIDENTIALITY AND PROFESSIONAL SECRECY (Article 21-25)

CHAPTER V - AUDITING STANDARDS AND AUDIT REPORTING (Article 26-28)

CHAPTER VI - QUALITY ASSURANCE (Article 29)

CHAPTER VII - INVESTIGATIONS AND PENALTIES (Article 30-31)

CHAPTER VIII - PUBLIC OVERSIGHT AND REGULATORY ARRANGEMENTS BETWEEN MEMBER STATES (Article 32-36)

CHAPTER IX - APPOINTMENT AND DISMISSAL (Article 37-38)

CHAPTER X - SPECIAL PROVISIONS FOR THE STATUTORY AUDITS OF PUBLIC-INTEREST ENTITIES (Article 39-43)

CHAPTER XI - INTERNATIONAL ASPECTS (Article 44-47)

CHAPTER XII - TRANSITIONAL AND FINAL PROVISIONS (Article 48-55)

Metadata

Level 2 legal acts

Related documents

Article 12 - Directive 2006/43/EC (Audit Directive)

Table of contents