EFAA for SMEs – Position on Private Equity Investments in the Audit Market

EFAA for SMEs sets out its position on private equity (PE) investment in the audit market, recognising its potential to support growth and modernisation.

It underlines that statutory audit is a public‑interest service and stresses that any PE involvement must demonstrably preserve audit independence, audit quality and effective professional control in practice.

While acknowledging potential benefits, EFAA highlights the risks and calls for strong safeguards, great transparency and consistent supervision across the EU to protect the SME audit market.

The full position paper is available here.