13 Amendments of Gunnar HÖKMARK related to 2011/0359(COD)
Amendment 203 #
Proposal for a regulation
Recital 11
Recital 11
(11) The provision of services other than statutory audit to audited entities by statutory auditors, audit firms or members of their networks may compromise their independence. Therefore, it is appropriate to require the statutory auditor, the audit firm and the members of their network not to provide non-audit servprovides significant economies of scale to the entity being audited. In order to mitigate what might be potential conflicets to their audited entities. The provision ofof interest, non- audit services by an audit firm to a company would prevent that audit firm from carrying out statutory audit of that company, thus resulting in a reduction of the audit firms available to provide statutory audit, in particular with regard to the audit of large public-interest entities where the market is concentrated. As a result, in order to secure that a minimum number of audit firms is able to provide audit services to large public-interest entities, it is appropriate to request that audit firms of significant dimension focus their professional activity on the carrying out of statutory audit and are not allowed to undertake other servprovided by the statutory auditor shall be stated in the statutory audit of the audited entity, its parent undertaking and its controlled undertakings. The list shall outline the extent and characteristices unconnected to their statutory audit function such as consultancy or advisory servicesof those non- audit services provided.
Amendment 207 #
Proposal for a regulation
Recital 11 a (new)
Recital 11 a (new)
(11a) In order to promote cost control and efficiency among the entities being audited, firms providing the statutory audit shall not be prohibited from supplying the entity being audited with related financial audit services.
Amendment 265 #
Proposal for a regulation
Article 9 – paragraph 2
Article 9 – paragraph 2
Amendment 304 #
Proposal for a regulation
Article 10 – paragraph 2 a (new)
Article 10 – paragraph 2 a (new)
2a. Non-audit services provided by the statutory auditor shall be stated in the statutory audit of the audited entity, its parent undertaking and its controlled undertakings. The list shall outline the extent and characteristics of those non-audit services provided.
Amendment 305 #
Proposal for a regulation
Article 10 – paragraph 3
Article 10 – paragraph 3
Amendment 410 #
Proposal for a regulation
Article 10 – paragraph 6
Article 10 – paragraph 6
Amendment 428 #
Proposal for a regulation
Article 33 – paragraph 1 – subparagraph 2
Article 33 – paragraph 1 – subparagraph 2
The public-interest entity may renew this engagement only oncethree times.
Amendment 437 #
Proposal for a regulation
Article 33 – paragraph 1 – subparagraph 3
Article 33 – paragraph 1 – subparagraph 3
The maximum duration of the combined twohree engagements shall not exceed 618 years.
Amendment 442 #
Proposal for a regulation
Article 33 – paragraph 1 – subparagraph 4
Article 33 – paragraph 1 – subparagraph 4
Amendment 567 #
Proposal for a regulation
Article 33 – paragraph 1 – subparagraph 2
Article 33 – paragraph 1 – subparagraph 2
The public-interest entity may renew this engagement only oncethree times.
Amendment 581 #
Proposal for a regulation
Article 33 – paragraph 1 – subparagraph 3
Article 33 – paragraph 1 – subparagraph 3
The maximum duration of the combined twohree engagements shall not exceed 618 years.
Amendment 587 #
Proposal for a regulation
Article 33 – paragraph 1 – subparagraph 4
Article 33 – paragraph 1 – subparagraph 4
Amendment 741 #
Proposal for a regulation
Annex 1 – part I – subpart A – point 5
Annex 1 – part I – subpart A – point 5