Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-03-09-Speech-1-219"

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"Madam President, honourable Members, I would like first to thank Mr Doorn for his report on the application of the directive on statutory audits of accounts. I would like also to thank the Committee on Economic and Monetary Affairs, and more particularly Mrs van den Burg, who has contributed to the production of this report. In the context of the financial crisis, it is essential that all Member States who are currently behind should quickly transpose the directive to achieve the objectives set. The Commission continuously monitors the transposition status of the directive in the Member States. A dashboard is regularly published on our website. The results relating to the Member States’ performance should clearly improve this spring. Mr Doorn’s report has certainly facilitated such an improvement. As your report emphasises, the Commission has already adopted the recommendation on quality assurance and the recommendation on the limitation on the civil liability of statutory auditors. I thank Parliament for its support for these two initiatives. The recommendation on the limitation on the civil liability of statutory auditors is part of a strategy to reduce the concentration in the auditing market. To explore other options along the same lines, a consultation on control structures in audit companies and on their consequences for the auditing market was published in November. The European Parliament is asking the Commission to assess the national laws transposing the directive and to inform it of the effects of the measures taken by the Member States in the wake of the recommendation on the limitation on the civil liability of auditors. At the appropriate time, we will be happy to prepare these assessments, taking into account all the issues raised in the report by Mr Doorn. This is a commitment from Commissioner McCreevy that I am happy to pass on to you. I thank Mr Doorn and I dare to hope that we will see practical results."@en1
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