EU's Fifth Directive permits auditors to operate without restriction throughout the European Union.
False

Question

Quizplus · Accepted Answer

The EU's Fifth Directive does not allow auditors to operate without restriction throughout the European Union. The directive sets out requirements for the statutory audit of annual accounts and consolidated accounts, including rules on the independence of auditors and their ability to provide non-audit services to audit clients. However, each EU member state has its own rules and regulations governing the auditing profession, which may restrict the ability of auditors to operate in different countries.

EU's Fifth Directive Permits Auditors to Operate Without Restriction Throughout