Activities of Sebastian Valentin BODU related to 2011/2037(INI)
Shadow reports (1)
REPORT on audit policy: lessons from the crisis PDF (182 KB) DOC (117 KB)
Amendments (7)
Amendment 24 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Takes the view that auditors should be subject to an obligationhave the right to alert supervisors or the relevant authorities when they spot problems that might jeopardise the future of the entity being audited;
Amendment 39 #
Motion for a resolution
Paragraph 10 a (new)
Paragraph 10 a (new)
10a. Believes there is a need for the two facets of auditing – the internal and the external – to be clearly circumscribed in law;
Amendment 40 #
Motion for a resolution
Paragraph 10 b (new)
Paragraph 10 b (new)
10b. The composition of the audit committee must include independent members. All the members of the audit committee must have auditing experience;
Amendment 41 #
Motion for a resolution
Paragraph 10 c (new)
Paragraph 10 c (new)
10c. Internal risk audits must be strengthened and clearly separated from financial audits;
Amendment 42 #
Motion for a resolution
Paragraph 10 d (new)
Paragraph 10 d (new)
10d. Suggests that the Commission urgently adopt the International Standards on Auditing (ISA), which should be mandatory for all business enterprises in the EU of a certain (listed) type;
Amendment 43 #
Motion for a resolution
Paragraph 10 e (new)
Paragraph 10 e (new)
10e. Reminds the Commission that aside from those companies to which the International Standards on Auditing should apply, there are also other companies which, despite being exempted from those standards, should nevertheless have their financial situations audited by authorised audit firms;
Amendment 93 #
Motion for a resolution
Paragraph 19 a (new)
Paragraph 19 a (new)
19a. Encourages the growth of independent auditors and small audit firms with a view to capturing market share, in a manner that does not, however, hit the ‘Big Four’ hard.