statutory audit
as defined in Directive 2006/43/EC of the European Parliament and of the Council of 17 May…, Article 2, point (1) (Definitions)
1.
‘statutory audit’ means an audit of annual financial statements or consolidated financial statements in so far as:
(a)
required by Union law;
(b)
required by national law as regards small undertakings;
(c)
voluntarily carried out at the request of small undertakings which meets national legal requirements that are equivalent to those for an audit under point (b), where national legislation defines such audits as statutory audits;