BETA

Activities of Sajjad KARIM related to 2011/0359(COD)

Reports (1)

REPORT on the proposal for a regulation of the European Parliament and of the Council on specific requirements regarding statutory audit of public-interest entities PDF (1 MB) DOC (1 MB)
2016/11/22
Committee: JURI
Dossiers: 2011/0359(COD)
Documents: PDF(1 MB) DOC(1 MB)

Shadow opinions (1)

OPINION on the proposal for a regulation of the European Parliament and of the Council on specific requirements regarding statutory audit of public-interest entities
2016/11/22
Committee: ITRE
Dossiers: 2011/0359(COD)
Documents: PDF(359 KB) DOC(515 KB)

Amendments (5)

Amendment 422 #
Proposal for a regulation
Article 13 – paragraph 1 – subparagraph 1
Where a statutory auditor or an audit firm carries out statutory audit of a public- interest entity which is part of a group of undertakings whose parent undertaking is situated in a third country, the confidentiality and professional secrecy rules referred to in Article 23(1) of Directive 2006/43/EC shall not impede the transfer by the statutory auditor or audit firm of relevant documentation of the audit work performed to the group auditor situated in a third country if such documentation is exclusively necessary for the preparationerformance of the audit of consolidated financial statements of the parent undertaking.
2012/11/09
Committee: JURI
Amendment 437 #
Proposal for a regulation
Article 22 – paragraph 2 – point b
(b) specifyidentify the title of each financial statement included in the annual or consolidated financial statements of the individual entity or consolidated group, and the date andof, or period they covered by each financial statement;
2012/11/09
Committee: JURI
Amendment 438 #
Proposal for a regulation
Article 22 – paragraph 2 – point c
(c) explain, where additional reports have been reviewed, the scope of such review; report concerning the consistency, in all material respects, or otherwise of the management report or consolidated management report with the annual financial statements or consolidated financial statements, respectively, for the same financial year, and report on whether, based on the audit, the auditor has identified material inconsistencies between the audited financial statements and any other information in a document(s), if any, containing or accompanying those financial statements, and to clearly identify in the auditor's report that other information and include a description of the auditor's responsibilities in this regard in accordance with the requirements of the international auditing standards as referred to in Article 26 of Directive 2006/43/EC.
2012/11/09
Committee: JURI
Amendment 441 #
Proposal for a regulation
Article 22 – paragraph 2 – point f a (new)
(fa) in support of the audit opinion on the true and fair view of annual or consolidated financial statements as a whole, as required in point (t), provide for each significant audit risk – as defined in accordance with the international standards on auditing referred to in Article 26 of Directive 2006/43/EC – information provided in audit reports shall include the following: (i) a description of the most important assessed risks of material misstatement, including assessed risk(s) of material misstatement due to fraud; (ii) a summary of the auditor's response to those risks; and (iii) key observations from that audit work. Where relevant to the above information provided in the audit report, a clear reference to the relevant disclosures in the financial statements shall be provided. The information referred to above in respect of most important assessed risks of material misstatement that is to be disclosed in the audit report shall be selected from the matters discussed with the audit committee of the entity in accordance with the requirements of the international auditing standards as referred to in Article 26 of Directive 2006/43/EC.
2012/11/09
Committee: JURI
Amendment 549 #
Proposal for a regulation
Article 32 – paragraph 3 – subparagraph 3
For the purposes of point (a) of the first subparagraph, the competent authority referred to in Article 35(1) shall make public a list of the auditors and audit firms concerned which shall be updated on an annual basis. The competent authority shall use the information provided by statutory auditors and audit firms pursuant to Article 286 to make the relevant calculations.
2012/11/09
Committee: JURI