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Date: 27-Jun-2024 Category: Not Applicable State: Union Government Country: Europe

Council Decision (EU) 2024/1812 of 21 June 2024 amending Decision 1999/70/EC concerning the external auditors of the national central banks, as regards the external auditor of Národná banka Slovenska

Issued by Council of the European Union · Not Applicable

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Executive Summary & Key Takeaways

Key Changes

  • This decision amends Article 1 of Council Decision 1999/70/EC, specifically paragraph 16, to reflect the change in external auditor.
  • Grant Thornton Audit, s.r.o. is approved as the external auditor of Národná banka Slovenska for the financial years 2024 to 2027.
  • The European Central Bank's Governing Council recommended the appointment of Grant Thornton Audit, s.r.o., with an option to extend the mandate to the financial years 2028 to 2030.

What it means

  • The Council Decision (EU) 2024/1812 amends Decision 1999/70/EC regarding the external auditors of national central banks, specifically concerning Národná banka Slovenska (the central bank of Slovakia).
  • Grant Thornton Audit, s.r.o. is appointed as the external auditor for Národná banka Slovenska for the financial years 2024 to 2027, replacing Deloitte Audit s.r.o. whose mandate ended after the 2023 audit.

Impact Analysis

Národná banka Slovenska

  • Action Item: Národná banka Slovenska should coordinate with Grant Thornton Audit, s.r.o. to plan and execute the audits for the upcoming financial years.

Deloitte Audit s.r.o.

  • Deloitte Audit s.r.o.'s mandate as the external auditor of Národná banka Slovenska has ended after the audit for the financial year 2023.

Grant Thornton Audit, s.r.o.

  • Action Item: Grant Thornton Audit, s.r.o. should familiarize itself with the operations and accounting practices of Národná banka Slovenska.

European Central Bank (ECB)

  • The ECB will receive audited financial statements from Národná banka Slovenska, audited by Grant Thornton Audit, s.r.o.

European Union Council

  • The Council of the European Union approved the appointment of Grant Thornton Audit, s.r.o. as the external auditor of Národná banka Slovenska.

Key Entities Referenced

Council of the European Union: The decision-making body of the European Union, responsible for approving the external auditors of national central banks. European Central Bank (ECB): The central bank of the Eurozone, responsible for recommending external auditors for national central banks. Národná banka Slovenska: The national central bank of Slovakia. Grant Thornton Audit, s.r.o.: The newly appointed external auditor of Národná banka Slovenska for the financial years 2024-2027. Deloitte Audit s.r.o.: The previous external auditor of Národná banka Slovenska, whose mandate ended after the 2023 audit. Council Decision 1999/70/EC: The original Council Decision concerning the external auditors of the national central banks, which is amended by this new decision. Protocol No 4 on the Statute of the European System of Central Banks and of the European Central Bank: The legal basis in the EU treaties for the audit of the ECB and national central banks.
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Official Journal EN of the European Union L series 2024/1812 27.6.2024 COUNCIL DECISION (EU) 2024/1812 of 21 June 2024 amending Decision 1999/70/EC concerning the external auditors of the national central banks, as regards the external auditor of Národná banka Slovenska THE COUNCIL OF THE EUROPEAN UNION, Having regard to Protocol No 4 on the Statute of the European System of Central Banks and of the European Central Bank, annexed to the Treaty on European Union and the Treaty on the Functioning of the European Union, and in particular Article 27.1 thereof, Having regard to the Recommendation of the European Central Bank of 18 April 2024 to the Council of the European Union on the external auditors of Národná banka Slovenska (ECB/2024/14) (1), Whereas: (1) The accounts of the European Central Bank (ECB) and of the national central banks of the Member States whose currency is the euro are to be audited by independent external auditors recommended by the Governing Council of the ECB and approved by the Council of the European Union. (2) The mandate of the current external auditor of Národná banka Slovenska, Deloitte Audit s.r.o., will end following the audit for the financial year 2023. It is therefore necessary to appoint an external auditor from the financial year 2024 onwards. (3) Národná banka Slovenska has selected Grant Thornton Audit, s.r.o. as its external auditor for the financial years 2024 to 2027. (4) The Governing Council of the ECB has recommended that Grant Thornton Audit, s.r.o. be appointed as the external auditor of Národná banka Slovenska for the financial years 2024 to 2027, with an option to extend the mandate to the financial years 2028 to 2030. (5) Following the recommendation of the Governing Council of the ECB, Council Decision 1999/70/EC (2) should be amended accordingly, HAS ADOPTED THIS DECISION: Article 1 In Article 1 of Decision 1999/70/EC, paragraph 16 is replaced by the following: ‘16. Grant Thornton Audit, s.r.o is hereby approved as the external auditor of Národná banka Slovenska for the financial years 2024 to 2027.’. Article 2 This Decision shall take effect on the date of its notification. Article 3 This Decision is addressed to the European Central Bank. Done at Luxembourg, 21 June 2024. For the Council The President V. VAN PETEGHEM (1) OJ C, C/2024/3031, 30.4.2024, ELI: http://data.europa.eu/eli/C/2024/3031/oj. (2) Council Decision 1999/70/EC of 25 January 1999 concerning the external auditors of the national central banks (OJ L 22, 29.1.1999, p. 69). ELI: http://data.europa.eu/eli/dec/2024/1812/oj 1/1

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