Niall Collins (Limerick County, Fianna Fail)
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474. To ask the Minister for Jobs, Enterprise and Innovation the status of the transposition of EU directive 2014/56/EU; and if she will make a statement on the matter. [33048/16]

Mary Mitchell O'Connor (Dún Laoghaire, Fine Gael)
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The EU Audit Directive 2014/56/EU was transposed by means of a statutory instrument in June, 2016. I signed the European Union (Statutory Audits) (Directive 2006/43/EC, as amended by Directive 2014/56/EU, and Regulation (EU) No 537/2014) Regulations 2016 (S. I. No. 312 of 2016) on 15 June 2016 and they took effect on 17 June 2016.

This Statutory Instrument gives effect to Ireland’s obligations under the EU audit reform package, comprising Directive (2014/56/EU), which amends Directive 2006/43/EC, and a Regulation (EU) No 537/2014.

There are some options in both the Directive and the Regulation which I consider would be beneficial but were not appropriate for a Statutory Instrument. I intend to take these in the context of bringing a General Scheme of a Bill to Government before the end of the year.