European audit reform, directive, regulation, Slovenia, public oversight body, international auditing standards
The article presents problems that could arise in a small European country with a modest number of public interest entities and weak market competition due to the new European audit legislation. In this framework, special attention is paid to the effects of the extended requirements to audit public interest entities, public oversight of the audit profession, and adoption of the international auditing standards. The author points out those fields where the European Commission’s further action could make the legislation more proportionate in terms of the size of the country and its capital market development.
Duhovnik, M. (2016). This Is Not America: The Impact of the New EU Audit Regulation in Slovenia. Economic and Business Review, 18(2). https://doi.org/10.15458/85451.23