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On March 25 and 26 2015, the European Audit Inspection Group (EAIG) held its 14th plenary meeting in Budapest, which was hosted by the Hungarian Auditors’ Public Oversight Authority. The EAIG provides a pan-European platform for cooperation of audit regulators. The European Commission attends the EAIG meetings as an observer, except for those parts where confidential supervisory information is discussed.
The primary purpose of the EAIG is to create awareness of important issues and promote cooperation and consistency amongst European audit regulators on inspections. The group shares inspection practices and findings amongst its members and facilitates discussions on topics related to audit inspections with third parties, such as the audit standard setters (IAASB/IESBA...
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