This law aims at the further implementation of the audit reform consisting of (i) the European Audit Regulation 537/2014/EU and (ii) the European Audit Directive 2014/56/EU amending the current Audit Directive 2006/43/EC.

The main themes of the audit reform are the following: external audit firm rotation and the prohibition and restrictions on non-audit services, new public supervision of auditors, extensive reporting of the auditor and the strengthening of the Audit Committee.