Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-12-Speech-1-171-000"
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"en.20110912.24.1-171-000"2
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"Madam President
I would like to support the various proposals contained in the report by Mr Masip Hidalgo. In particular, the adoption of international auditing standards by the European Commission would allow us to harmonise audits at a European level, which would certainly simplify the work of supervisory bodies. When audits of financial institutions are conducted the reports should also include enhanced disclosure requirements for the valuation of less liquid assets. The auditors should also have an obligation to notify the supervisory authorities of any problems found which may jeopardise the continuation of the activities of an entity being audited. Division of the audit market may also help improve the competitive environment and improve the quality of audit work. I firmly believe that through continual improvement and an increase in the quality of the work of auditors we can also improve correct valuation and property management, and it is therefore good that the European Parliament has addressed this issue once again."@en1
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