February 15 (SeeNews) - The European Commission said on Wednesday it has requested Croatia, Romania and Slovenia to fully implement the new EU rules on audit.
The countries have failed to swiftly enact the new legislation, after initially missing the original deadline to include the rules into national law by June 17, the Commission said in its February monthly package of infringement decisions.
The EU executive body issued a warning to the countries back in July, but to date none have enacted the EU law. If they fail to act within the next two months, the Commission may refer them to the Court of Justice of the EU.
The Audit Directive 2014/56/EU lays down the conditions for the approval and registration of persons that carry out statutory audits. It also sets out the rules on independence, objectivity and professional ethics applying to those persons and the framework for their public oversight.
In addition to Croatia, Romania and Slovenia, also late in implementing the Audit Directive are Cyprus, Estonia and Poland, the Commission said.