New EU Law Reforms to Strengthen Auditor Independence and Accountability.
Auditors now have to do more than just check financial statements. They also have to make sure the company is financially stable. But when auditors also provide consulting services, it can create problems. People expect different things from auditors now, and their independence can be affected by how long they work with a company and how much they earn from consulting. New laws in the EU are trying to fix these issues by making rules about what services auditors can provide and how often they have to change companies. These changes are expected to have a big impact on the audit market.