POSITION STATEMENT ON THE OBLIGATION OF STATUTORY AUDITORS/AUDIT FIRMS ARISING FROM ARTICLE 107(7) OF LAW No 24/2017, REPUBLISHED
POSITION STATEMENT on the additional obligation of statutory auditors and audit firms carrying out statutory audit activity arising from Article 107(7) of Law No 24/2017, republished
Having regard to paragraph 43 of ISA 700 – Forming an Opinion and Reporting on Financial Statements, in conjunction with:
- 107(7), second sentence, of Law No 24/2017 on issuers of financial instruments and market operations, republished, according to which The statutory auditor/audit firm carrying out the statutory audit checks whether the information required by this article has been provided.
- 267^1 of FSA Regulation No 5/2018 on issuers of financial instruments and market operations, as amended and supplemented: “the first remuneration report drawn up under Article 107 of Law No 24/2017 presents the information required by law for the last financial year ended after the remuneration policy was first submitted under Article 106 of Law No 24/2017, namely it contains the information required by law for the 2021 financial year.”
we emphasise that, starting with statutory audit engagements on annual financial statements for periods ended 31.12.2021, the statutory audit report on the annual financial statements of issuers of financial instruments and market operations must include, in a separate section headed “Report on other legal and regulatory requirements”, the specific information arising from Article 107 of Law No 24/2017, republished.
