5 Amendments of Corien WORTMANN-KOOL related to 2010/2037(INI)
Amendment 35 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. Recognises that the audit sector has an important responsibility in increasing transparency and improving the quality of audits in the form of codes and best practice, which should be applied as broadly as possible where appropriate, but underlines that it must be complemented by concrete legislation, as well as by regular external evaluation and appropriate regulatory oversight;
Amendment 51 #
Draft opinion
Paragraph 2
Paragraph 2
2. Believes companies should conduct a compulsory open tendering process for statutory appointments of external auditors every eight years, on a renewable basis; notes that for SIFIs this should be reduced to every four years;
Amendment 71 #
Draft opinion
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Calls for the publication of the supervisor’s auditor inspection firm reports so as to strengthen the role of quality as a competitive advantage;
Amendment 79 #
Draft opinion
Paragraph 4 a (new)
Paragraph 4 a (new)
4a. Calls for SIFIs to be subject to the obligation of devoting attention in their reporting specifically to potential future financing and financing needs, bank covenants, future cash flows and any foreseeable risks with respect to the company’s business model, and that the auditor’s statutory tasks are expanded to include the provision of assurance on such information;
Amendment 81 #
Draft opinion
Paragraph 4 b (new)
Paragraph 4 b (new)
4b. Calls for the introduction of auditor’s reports for SIFIs which include paragraphs containing compulsory additional explanations on concrete aspects such as risk management, financing and continuity, management estimates and major accounting principles;