Independence rules for auditors

In Belgium, a registered auditor is permitted to provide non-audit services (NAS) to audit clients, on the condition that his independence is not impaired. However, when providing permissible NAS, the assessment of the applicable fee cap has to be made.

The services that cannot be rendered by an auditor have been specifically addressed in the Belgian legislation (prohibited NAS).

Disclosure of auditor fees

All companies and groups are required to disclose statutory audit fees as well as non-audit fees in the notes to the financial statements, both at a statutory as well as a consolidated level.

Disclosure of auditor fees

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The fee caps for non-audit services

Non-audit services other than the prohibited non-audit services are, in principle, permitted. However, for most companies, the total fees for permissible non-audit services provided by the audit firm (not its network) cannot exceed a certain cap.

Fee caps for non-audit services

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Prohibited non-audit services and cooling-off period

A Belgian statutory auditor and his network worldwide are not permitted to perform certain prohibited non-audit services to Belgian audited entities and their parent(s) and subsidiaries established in the EEA. 


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