1 Amendments of Jacques TOUBON related to 2008/2247(INI)
Amendment 5 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Notes the Commission's recommendation requesting Member States toExpresses doubts about the objective of limiting the liability of statutory accountants, with due regard for their own national legislation and circumstances; endorses the recommendation's objective, through greater convergence between Member States in this area, of bolstering the level playing field for undertakings and accountancy firms; calls on the Commission to inform Parliament no l and accountancy firms, as provided for in the Commission recommendation, as the methods advocated violate the principles governing the law of third-party liability in some Member States, such as the principle of the right to compensation for victims; stresses that it has also by no means been demonstraterd than in 2010 about the impact of the recommendation, the important issue in this connection being, in particular, whether and to what extent, in accordance with this directive’s objective, the recommendation is leading to more convergence between Member Statet such a limitation of the liability of accountants would be likely to render the accountancy market more competitive and that, on the contrary, it could increase the already substantial concentration in this sector of activity, while at the same time reducing the quality of audits;