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The Sarbanes Oxley Act :: View topic - timeframe for implementation of the EuroSOX @ State level
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timeframe for implementation of the EuroSOX @ State level

 
Post new topic   Reply to topic    The Sarbanes Oxley Act Forum Index -> Overseas Impact of Sarbanes-Oxley
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crazysox
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PostPosted: Mon Jul 26, 2010 5:40 am    Post subject: timeframe for implementation of the EuroSOX @ State level Reply with quote

Greetings,

Does anyone know the timeframe for the implementation of the European Union 8th directive (equivalent to US SOX) at EU member state level?

The EU parliament has approved the Directive on Apr 2006 and it was meant for implementation into each individual EU country state legislation level by June 2008 but has slipped.

It would be good to get visibility of:

(a) confirmation for which EU countries implementing straight from the Directive directly and the timeframe
(b) confirmation for which EU states incorporating from Directive into their own country legislation and timeframe

If any has this info in a table with a list of the 25 EU countries and on the other axis, confirmation of either (a) or (b) with dates indicating implementation that would be absolutely great.

Thanks! & cheers,
CrazySOX
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lekatis
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PostPosted: Mon Jul 26, 2010 9:01 am    Post subject: Reply with quote

ec.europa.eu/internal_market/auditing/directives/transpo_en.htm


ec.europa.eu/internal_market/auditing/docs/dir/01_02_10_scoreboard_en.pdf
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George Lekatis
President of the Sarbanes Oxley Compliance Professionals Association (SOXCPA)
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SOXObsessed
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PostPosted: Tue Jul 27, 2010 2:33 pm    Post subject: Reply with quote

Thanks, George for the info. However, 2006/43/EC only refers the need for public oversight over auditors practices but not necessarily on the need for actual reform of internal control over financial reporting for European listed-companies. I understood this to fall under the remit of 2006/46/EC, so the question still remains on timetable transposition into individual EU member states for adherence to approved 2006/46/EC Directive.

Thanks.
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