Under the transitional provisions of the Auditors’ Law, Law 53(I) of 2017, statutory auditors or statutory audit firms authorized before 29 June 2008 under the Companies Law were deemed to have been authorised under the new law and were required to register as members of recognized bodies within six months of the law entering into force, that is, by 2 December 2017. The deadline for registration has now been extended by three months, to 2 March 2018, by Law 171(I) of 2017.
It appears likely that there will be further amendments to the Auditors’ Law in 2018.
