* European Union: Directive 2006 / 43 / EC, article 41. 2: (...) the audit committee shall, inter alia: ( a ) Monitor the financial reporting process ; ( b ) Monitor the effectiveness of the company's internal control, internal audit where applicable, and risk management systems ; ( c ) Monitor the statutory audit of the annual and consolidated accounts ; ( d ) Review and monitor the independence of the statutory auditor or audit firm, and in particular the provision of additional services to the audited entity.
* European Union: Directive 2006 / 43 / EC, article 41. 3 and 41. 4: " In a public-interest entity, the proposal of the administrative or supervisory body for the appointment of a statutory auditor or audit firm shall be based on a recommendation made by the audit committee.