Deutsche Bank launches Tender Process for Auditor Rotation
Deutsche Bank press release ----------- has initiated a tender process for the annual audit of its financial statements in response to new EU regulation and changes to the EU Directive on statutory audits. This subject was referenced in the Supervisory Board Report of the bank’s 2016 Annual Report. Regulation (EU) No 537/2014 and changes to Directive 2014/56/EU require a rotation of the external auditor at regular intervals. Accordingly, and in conformity with German law, Deutsche Bank has put in place a process for the engagement of a new external auditor for the financial year 2020, for both Deutsche Bank AG and the Deutsche Bank Group. To learn more click on the picture below to read the release.