Article 7 | Audit Directive | Directive 2006/43/EC | judict

Updated 09/05/2025

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Article 7

Article 7 - Directive 2006/43/EC (Audit Directive)

Article 7

Examination of professional competence

The examination of professional competence referred to in Article 6 shall guarantee the necessary level of theoretical knowledge of subjects relevant to statutory audit and the ability to apply such knowledge in practice. Part at least of that examination shall be written.

Table of contents

CHAPTER I - SUBJECT MATTER AND DEFINITIONS (Article 1-2)

CHAPTER II - APPROVAL, CONTINUING EDUCATION AND MUTUAL RECOGNITION (Article 3-14)Article 3 - Approval of statutory auditors and audit firms Q&A Article 4 - Good repute Q&A Article 5 - Withdrawal of approval Article 6 - Educational qualifications Q&A Article 7 - Examination of professional competence Q&A Article 8 - Test of theoretical knowledge Q&A Article 9 - Exemptions Q&A Article 10 - Practical training Q&A Article 11 - Qualification through long-term practical experience Q&A Article 12 - Combination of practical training and theoretical instruction Q&AGL Article 13 - Continuing education Q&A Article 14 - Approval of statutory auditors from other Member States Q&A

CHAPTER III - REGISTRATION (Article 15-20)

CHAPTER IV - PROFESSIONAL ETHICS, INDEPENDENCE, OBJECTIVITY, CONFIDENTIALITY AND PROFESSIONAL SECRECY (Article 21-25)

CHAPTER V - AUDITING STANDARDS AND AUDIT REPORTING (Article 26-28)

CHAPTER VI - QUALITY ASSURANCE (Article 29)

CHAPTER VII - INVESTIGATIONS AND PENALTIES (Article 30-31)

CHAPTER VIII - PUBLIC OVERSIGHT AND REGULATORY ARRANGEMENTS BETWEEN MEMBER STATES (Article 32-36)

CHAPTER IX - APPOINTMENT AND DISMISSAL (Article 37-38)

CHAPTER X - SPECIAL PROVISIONS FOR THE STATUTORY AUDITS OF PUBLIC-INTEREST ENTITIES (Article 39-43)

CHAPTER XI - INTERNATIONAL ASPECTS (Article 44-47)

CHAPTER XII - TRANSITIONAL AND FINAL PROVISIONS (Article 48-55)