Audit Analytics recently released a new feature that will be of interest to observers of the European audit market. Our auditor profile pages now include the annual Transparency Reports of European audit firms.
With this new feature, you can easily search and access the actual reports themselves and review the Public Interest Entity (PIE) disclosures in them, all in one place.
This feature is available for all audit firms that audit at least one publicly-listed PIE. Our database generally includes reports back to 2011.
According to Article 13 of the Audit Regulation of 2014 (Regulation EU 537/2014), a statutory auditor of a PIE must publish an annual transparency report on the firm’s website, at the latest four months after the end of each financial year. Among other disclosures, the transparency report must include a list of public-interest entities for which the statutory auditor or the audit firm carried out statutory audits during the preceding financial year.
As of the end of March 2019, the Audit Analytics Transparency Reports database contains more than 4,500 reports from over 1,000 audit firms. Each report is available for easy inspection and verification. From these transparency reports, we have extracted and normalized over 40,000 entities disclosed as audit clients of these auditors, for a total of over 150,000 company-year records.
For more information about this post or our European databases, please contact us at info@auditanalytics.com or call (508) 476-7007.