SCHEDULE 1Requirements for professional ethics, independence, objectivity, confidentiality, auditing standards and audit reporting

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1

In relation to the audit of public interest entities, standards must ensure that A keeps key audit documents and information for at least five years following the creation of such documents and information.

2

In this paragraph, “key audit documents and information” means—

a

the documents and information referred to in Articles 4(3), 6, 7, 8(4) to (7), 10, 11, 12(1) and (2), 14, 16(2), (3) and (5) of the Audit Regulation,

b

information recorded in accordance with the requirements of paragraphs 8, 10, 12 and 15 of this Schedule, and

c

the audit report.