2 Amendments of Ramon TREMOSA i BALCELLS related to 2010/2037(INI)
Amendment 90 #
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Calls on the Commission to perform a rigorous impact assessment that evaluates the costs and benefits of further regulation or harmonization of audit practices across the EU; believes that any such evaluation must include an assessment of potential costs on a wide range of different stakeholders including investors, preparers and consumers of audit services; considers that special attention must be given to the preparer community in order to analyse separately the impact on listed companies, unlisted companies and SMEs as well as systemically important financial institutions (SIFIs);
Amendment 91 #
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Believes that mandatory joint audits result in higher costs for businesses; points out that in countries in which this system is in force no improvement has been observed in the quality of the financial information published on the market; notes, furthermore, that joint audits are not the best means of opening up the audit market and can, on the contrary, result in its concentration around the major players and in individual auditors becoming less accountable;