France

The European audit legislation in France has been finalized and adopted on 18 March 2016. The legislation entered into force on 17 June 2016.

The main elements of the French audit law are the following:

  • Mandatory audit firm rotation must take place every 10 years. 
  • The audit mandate can be extended for another 6 years after an open and competitive tender has been carried out.
  • In the case of joint audit, the rotation period can be extended to 24 years without the need to tender.
  • Key audit partners must rotate after 6 years.
  • No additional items have been added to the EU list of prohibited non-audit services.
  • Services that are not on the list of prohibited services may be provided after approval by the Audit Committee.
  • The fee cap for non-audit services is maintained at 70 %, as established in the EU legislation.

For a more detailed overview of the French implementation measures, please consult our information sheet.

Documents à télécharger

Partager