17 Amendments of Diogo FEIO related to 2011/0359(COD)
Amendment 141 #
Proposal for a regulation
Recital 44
Recital 44
(44) In order to take account of the technical developments in the financial markets, in auditing and the audit profession and to specify the requirements laid down in this Regulation, the Commission should be empowered to adopt delegated acts in accordance with Article 290 of the Treaty on the Functioning of the European Union. In particular, the use of delegated acts is necessary to adapt the list of related audit services and of non-audit services as well as to set out the level of fees that ESMA could charge for delivering the European Quality Certificate to statutory auditors and audit firms. It is of particular importance that the Commission carries out appropriate consultations during its preparatory work, including at expert level and with the European Group of Auditors Oversight Bodies ("EGAOB") . The Commission, when preparing and drawing up delegated acts, should ensure a simultaneous, timely and appropriate transmission of relevant documents to the European Parliament and to the Council.
Amendment 145 #
Proposal for a regulation
Recital 45
Recital 45
(45) In order to ensure legal certainty and the smooth transition to the regime introduced by this Regulation, it is important to introduce a transitional regime regarding the entry into force of the obligation to rotate audit firms, the obligation to organise a selection procedure for the choice of audit firm and the conversion of audit firms into firms that only provide audit servicescertain of the obligations in this Regulation.
Amendment 177 #
Proposal for a regulation
Article 10 – paragraph 1 – subparagraph 1
Article 10 – paragraph 1 – subparagraph 1
A statutory auditor or an audit firm carrying out a statutory audit of a public- interest entities mayy shall not provide to the audited entity, to or its parentcontrolled undertaking and to its controlled undertakings statutory audit services and relas, either directly or indirectly, any non-audit services that are prohibited financial audit services paragraph 3 below.
Amendment 182 #
Proposal for a regulation
Article 10 – paragraph 1 – subparagraph 2
Article 10 – paragraph 1 – subparagraph 2
Where the statutory auditor or audit firm belongs to a network, ano other member of such network may provide to the audited entity, to its parent undertaking within the Union and to its controlled undertakings within the Union statutory the non-audit services or related financial audit servicesthat are prohibited under paragraph 3 below.
Amendment 196 #
Proposal for a regulation
Article 10 – paragraph 3 – subparagraph 1
Article 10 – paragraph 3 – subparagraph 1
Amendment 201 #
Proposal for a regulation
Article 10 – paragraph 3 – subparagraph 2
Article 10 – paragraph 3 – subparagraph 2
Amendment 293 #
Proposal for a regulation
Article 10 – paragraph 6
Article 10 – paragraph 6
6. The Commission shall be empowered to adopt delegated acts in accordance with Article 68 for the purpose of adapting the list of related financial audit services referred to inMember States may exceptionally add to the list of services prohibited by virtue of paragraph 23 and the list of non-audit services referred to in paragraph 3 of this Article. When using such powers, the Commission shall take into account developments in auditing and the audit professbove, for statutory auditors or audit firms for which the relevant Member State is the home Member State, provided such additions result from existing requirements under national law or regulation.
Amendment 299 #
Proposal for a regulation
Article 11 – paragraph 4 – subparagraph 1 – point c
Article 11 – paragraph 4 – subparagraph 1 – point c
(c) request permissionseek the approval from the audit committee to provide any the non-audit services referred to in Article 10(3)(b)(i) and (ii) to the audited entityto the audited entity or to its controlled undertakings in the European Union, other than those prohibited services referred to in Article 10(3) and those audit related and other assurance services referred to in Article 10(2);
Amendment 316 #
Proposal for a regulation
Article 22 – paragraph 2 – point r
Article 22 – paragraph 2 – point r
Amendment 373 #
Proposal for a regulation
Article 31 – paragraph 5 – point f
Article 31 – paragraph 5 – point f
(f) authorise, on a case by case basis,pprove the provision by the statutory auditor or audit firm of the services referred to in Article 10(3)(b)(i) and (ii) of this Regulation to to the audited entity and its controlled undertakings in the Union of all non-audit services other than those prohibited services referred to in Article 10(3) and those audit related and other audited entityssurance services referred to in Article 10(2).
Amendment 410 #
Proposal for a regulation
Article 33 – title
Article 33 – title
Duration of the statutory audit engagement
Amendment 414 #
Proposal for a regulation
Article 33 – paragraph 1 – subparagraph 1
Article 33 – paragraph 1 – subparagraph 1
The public-interest entity shall appoint a statutory auditor or audit firm for an initial engagement period that shall not be shortlonger than twosix years.
Amendment 419 #
Proposal for a regulation
Article 33 – paragraph 1 a (new)
Article 33 – paragraph 1 a (new)
(1a) The audit committee shall consider whether or not to initiate a tender process for the statutory audit following the conditions set out in Article 32.
Amendment 426 #
Proposal for a regulation
Article 33 – paragraph 1 – subparagraph 2
Article 33 – paragraph 1 – subparagraph 2
The public-interest entity may renew thise audit engagement only onceproviding that such renewal is proposed by the audit committee and is approved by the shareholders’ meeting.
Amendment 432 #
Proposal for a regulation
Article 33 – paragraph 1 – subparagraph 3
Article 33 – paragraph 1 – subparagraph 3
Amendment 449 #
Proposal for a regulation
Article 33 – paragraph 2
Article 33 – paragraph 2
Amendment 455 #
Proposal for a regulation
Article 33 – paragraph 3
Article 33 – paragraph 3