Germany’s Federal Financial Supervisory Authority (BaFin) has launched a public consultation on a draft amending ordinance to update the Audit Report Regulation (Prüfungsberichteverordnung, PrüfV) and clarify how statutory auditors must report on audit duties linked to the EU Disclosure Regulation, the EU Taxonomy Regulation and the Digital Operational Resilience Act (DORA). The draft responds to additional audit duties introduced in Section 35(1) sentence 1 numbers 9 and 10 of the Insurance Supervision Act (VAG), intended to ensure BaFin receives sufficiently detailed and well-reasoned audit reporting to support its supervisory responsibilities. The amendments would add new Sections 40a and 40b to the PrüfV, setting out detailed requirements for audit reporting on the relevant obligations. A transitional provision would apply the new Sections 40a and 40b for the first time to the audit report for a financial year beginning after 31 December 2024. Comments on the draft are due by 12 August 2025, and BaFin intends to publish submitted responses online unless respondents object to publication.
BaFin 2025-07-23
Germany’s Federal Financial Supervisory Authority consults on amending audit report rules to specify DORA, EU Taxonomy and EU Disclosure reporting duties
Germany’s Federal Financial Supervisory Authority (BaFin) has initiated a public consultation on a draft ordinance to amend the Audit Report Regulation (PrüfV). The amendments aim to clarify statutory auditors' reporting duties related to the EU Disclosure Regulation, EU Taxonomy Regulation, and Digital Operational Resilience Act (DORA), introducing new Sections 40a and 40b to the PrüfV. These changes apply to audit reports for financial years starting after 31 December 2024.