The new edition is adapted according to the provisions of the new legislation of Law 4449/2017 "Regarding the mandatory audit of annual and consolidated financial statements, public supervision of audit work".
Initially, with Law 3693/2008, the legal framework of our country regarding the profession of Certified Auditors was harmonized with Directive 2006/43/EC of the European Parliament and of the Council of 17 May 2006 (EU L157 of 9.6.2006), which was subsequently amended and supplemented by Directive 2014/56/EU of 16 April 2014 (EU L 158 of 27.5.2014). This directive was included in the previous second edition.
Due to the large number of amendments required to adapt the legislation to the new institutional framework, instead of partial amendment of articles of Law 3693/2008 and the addition of new articles, it was deemed appropriate by the government and for the sake of unity of the institutional framework to draft the new unified Law 4449/2017, while the organizational provisions of Law 3148/2003 concerning the Hellenic Accounting and Auditing Standards Oversight Board are maintained and partly amended where necessary.
Therefore, the new Directive 2014/56/EU of 16 April 2014 (EU L 158 of 27.5.2014) was incorporated into the legislation of our country with Law 4449/2017, which simultaneously repealed articles 1 to 43 and article 45 of the previous applicable Law 3693/2008.