16/06/2014 (Agence Europe) - Audit reforms come into force. Legislation to reform the auditing market came into force on Monday 16 June. A new regulation introduces with immediate effect in the EU28 a system of compulsory rotation of auditors after ten years (see EUROPE 11053), which can be extended by a further ten years if the auditing company issues a call for tender, or by fourteen years for joint auditing. The regulation introduces a black list of services that impact on company balance...