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Description (English)
Member States must provide for effective, proportionate and dissuasive sanctions for statutory auditors and audit firms that do not carry out statutory audits or the assurance of sustainability reporting in accordance with the transposing provisions. Member States may refrain from administrative sanctions where the infringement is already covered by national criminal law.
Description (German)
Die Mitgliedstaaten müssen wirksame, verhältnismäßige und abschreckende Sanktionen für Abschlussprüfer und Prüfungsgesellschaften vorsehen, die Abschlussprüfungen oder Bestätigungen der Nachhaltigkeitsberichterstattung nicht nach den Umsetzungsvorschriften durchführen. Für Verstöße, die bereits dem nationalen Strafrecht unterliegen, können verwaltungsrechtliche Sanktionen entfallen.
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 companies with more than 500 employees
Public-interest parent companies of a large group with more than 500 employees on a consolidated basis
Companies with more than EUR 450 million net turnover and more than 1 000 employees
Parent companies of a group with more than EUR 450 million net turnover and more than 1 000 employees on a consolidated basis
Large issuers listed on a regulated market with more than 500 employees
Issuers listed on a regulated market with more than EUR 450 million net turnover and more than 1 000 employees
Large Union subsidiaries of a third-country parent whose group has more than EUR 150 million Union turnover
Branch of a third-country undertaking with more than EUR 40 million own net turnover
Statutory auditors and audit firms carrying out assurance of sustainability reporting
Responsible authority
Withdrawn at
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