7 Amendments of Fabio DE MASI related to 2016/2006(INI)
Amendment 11 #
Motion for a resolution
Recital A
Recital A
A. whereas the International Financial Reporting Standards (IFRS) and the international standards on auditing (ISA) are essential for the efficient functioning of the internal market and of the capital markets; whereas the IFRS and ISA are a public good; whereas therefore standard setting bodies should be transformed into public organizations;
Amendment 24 #
Motion for a resolution
Recital F
Recital F
F. whereas the Commission, the Council and the European Parliament are involved in the endorsement process based on advice from the European Financial Reporting Advisory Group (EFRAG), a private technical adviser of the Commission, and on the work of the Accounting Regulatory Committee (ARC) composed of representatives from the Member States; whereas EFRAG should be transformed into a public agency by 2020;
Amendment 35 #
Motion for a resolution
Recital K
Recital K
K. whereas the governance structure of the IFRS Foundation is under review, in accordance with its constitution; whereas this is therefore the right time to review the organisational set-up and the changes required for the governing and monitoring bodies of the IFRS Foundation and the IASB; whereas a broader representation of interests on IASB is needed, by including e.g. members from SMEs, unions, academia, civil society actors;
Amendment 60 #
Motion for a resolution
Paragraph 5 a (new)
Paragraph 5 a (new)
Amendment 62 #
Motion for a resolution
Paragraph 5 b (new)
Paragraph 5 b (new)
5b. Calls for mandatory country-by- country reporting under IFRS; reiterates Parliament's view that public country-by- country reporting can play a decisive role in combatting tax avoidance and fraud;
Amendment 69 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. WelcomesTakes note of the intention of the Commission to explore with the IASB the possibility of developing common high quality and simplified accounting standards for SMEs which could be used at EU level by SMEs listed on Multilateral Trading Facilities (MTFs), and more specifically SME growth markets; insists that before such standards are developed, SME interests should be sufficiently represented on the IASB;
Amendment 97 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. WelcomesTakes note of the EFRAG reform which took effect on 31 October 2014; calls on the Commission to propose the extension of the Union Programme for EFRAG for the period 2017-2020 and the transformation of EFRAG in a public agency afterwards;