The 8th Company Law Directive is best described as the European version of the Sarbanes-Oxley Act of 2002. It focuses on the regulation of statutory audits of annual accounts and consolidated accounts in the European Union, aiming to enhance the reliability and transparency of financial reporting similar to the objectives of the Sarbanes-Oxley Act in the United States.
The 8th Company Law Directive is:
An extension of the Sarbanes-Oxley Act of 2002
The European version of the Sarbanes-Oxley Act of 2002
Asian version of the Sarbanes-Oxley Act of 2002
An universal Act similar to the Sarbanes-Oxley Act of 2002
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