Audit procedures for collective management organisations
New agreed upon procedures for the audit of the annual transparency reports of collective management organisations.
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皇冠体育app Collective Management of Copyright (EU Directive) regulations 2016 require collective management organisations (CMOs) to publish an annual transparency report. 皇冠体育app report must be audited by a qualified person to make sure it is accurate.
皇冠体育app IPO has worked with the Institute of Chartered Accountants for England and Wales (ICAEW) to produce updated guidance to help CMOs meet this requirement. 皇冠体育app guidance includes 鈥榓greed upon procedures鈥� that auditors should use in their work, and a template for their report to the CMO.
This information will be incorporated into the main guidance for the Regulations in the coming months.