Sweden

The Swedish government completed implementation of the EAR by vote in parliament on 18 May 2016. The new rules entered into force on 17 June 2016.

The main elements of the Swedish law are the following:

  • Mandatory audit firm rotation must take place every 10 years. The audit mandate can be extended for another 10 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.
  • Key audit partners must rotate after 7 years.
  • No additional items have been added to the EU list of prohibited non-audit services.
  • Sweden has not made use of its option to allow certain tax and valuation services at the same time that audit services are being provided.
  • The fee cap for non-audit services is maintained at 70 %, as established in the EU legislation.

Documents à télécharger

Partager