For companies with excellent accounting and auditing governance structures, the periodic designation of auditors will be postponed for three years

"On 31/12/2024, the Financial Supervisory Service (FSS) issued an update regarding For companies with excellent accounting and auditing governance structures, the periodic designation of auditors will be postponed for three years. This move aims to encourage companies to improve their internal control systems and auditor independence, ultimately enhancing transparency in financial reporting." "Key highlights include a 9-year period of free appointment for auditors of excellent companies, compared to the standard 6-year period."