A. According to article 47 of Law 5000/2022, paragraph 4 of article 42 of Audit Law 4449/2017 (A’ 7) is replaced as follows:
“4. In order to safeguard the independence of the statutory auditor or the audit firm, with regard to statutory audits of non-public interest entities, the key audit partners responsible for conducting the statutory audit cease their participation in the statutory audit of the audited entity, no later than seven (7) years from the date of their appointment and they cannot participate again in the statutory audit of the audited entity before three (3) years have elapsed from this cessation.”.
B. In accordance with Article 48 of Law 5000/2022, Article 48 of Law 4449/2017 (A’ 7) is amended as follows:
“The key audit partners who are responsible for carrying out the statutory audit, in accordance with Article 16 of Regulation (EU) 537/2014, cease their participation in the statutory audit of the audited entity no later than seven (7) years from the date of their appointment.”.