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Description (English)
Liability of the statutory auditor in damages towards the company and harmed affiliated companies for intentional or negligent breach of the duty to audit conscientiously and impartially. In the case of negligence a ceiling of two to twelve million euro applies depending on the size of the audited company; for breaches of duty in connection with the assurance of sustainability reporting those ceilings apply once again separately. Until a reasonable assurance standard is introduced, half of them applies under section 908(4).
Description (German)
Schadenersatzpflicht des Abschlussprüfers gegenüber der Gesellschaft und geschädigten verbundenen Unternehmen bei vorsätzlicher oder fahrlässiger Verletzung der Pflicht zur gewissenhaften und unparteiischen Prüfung. Bei Fahrlässigkeit gilt eine Höchstgrenze von zwei bis zwölf Millionen Euro je nach Größe der geprüften Gesellschaft; für Pflichtverletzungen bei der Prüfung der Nachhaltigkeitsberichterstattung gelten diese Grenzen noch einmal gesondert. Bis zur Einführung eines Standards für hinreichende Prüfungssicherheit gilt nach § 908 Abs. 4 die Hälfte.
Kind
Criminal Liability
Damage to Reputation
Exclusion from Procurement
Monetary Fine
Other
Other Prohibitions and Exclusions
Private Action
Prohibition of Sales
Public Disclosure
Rule set
Regulation-wide (no rule set)
Large public-interest entities with more than 1,000 employees and more than EUR 450 million net turnover
Public-interest parent companies of a large group with more than 1,000 employees and more than EUR 450 million consolidated net turnover
Companies subject to sustainability reporting, once the electronic reporting format applies
Parent companies subject to consolidated sustainability reporting, once the electronic reporting format applies
Companies relying on the exemption from sustainability reporting
Parent companies relying on the exemption from consolidated sustainability reporting
Companies requesting sustainability information from their value chain
Large companies limited by shares without a sustainability reporting duty
Companies limited by shares whose financial statements must be audited
Assurance providers for sustainability reporting
Assurance providers for sustainability reporting at public-interest entities
Companies limited by shares subject to preparation duties
Parent companies subject to the duty to draw up consolidated financial statements
Companies included in foreign consolidated financial statements
Public limited companies whose shares are admitted to trading on a regulated market
Companies subject to Union-law verification by an accredited third party
Reporting companies in the first three years of application
Companies below the thresholds that report under the previous law
Companies limited by shares when drawing up the annual financial statements
Public limited companies with only securities other than shares on a regulated market and shares traded on a multilateral trading facility
Responsible authority
Withdrawn at
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