Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-13-Speech-2-334-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-09-13"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"lt"^^xsd:language2
lpv:document identification number	"en.20110913.34.2-334-000"2
lpv:hasSubsequent	lp_eu:2011-09-13-Speech-2-335-0002
lpv:speaker	lp:Vilija Blinkevičiūtė2
lpv:spokenAs	substitute; EMPL (2009-07-16--2012-01-18)3 substitute; FEMM (2009-07-16--2012-01-18)3 member; LIBE (2009-07-16--2012-01-18)3 member; S&D (2009-07-14--2014-06-30)3 vice-chair; Delegation to the EU-Ukraine Parliamentary Cooperation Committee (2009-09-29--2014-06-30)3 member; Delegation to the Euronest Parliamentary Assembly (2009-10-07--2014-06-30)3 unknown; Lietuvos socialdemokratų partija (2009-07-14--2014-06-30)3 substitute; Delegation to the EU-Kazakhstan, EU-Kyrgyzstan and EU-Uzbekistan Parliamentary Cooperation Committees, and for relations with Tajikistan, Turkmenistan and Mongolia (2009-09-16--2014-06-30)3
lpv:translated text	"I voted in favour of this report because quality auditing is fundamental to economic stability and market confidence since it provides guarantees concerning the genuine financial health of companies. The European Parliament welcomes the Green Paper on auditing announced by the European Commission, but calls on the Commission to look into how the role of the auditor might be extended to include audits of risk reports provided by the entity being audited, in addition to verification of the information supplied in the main financial statements. Furthermore, Parliament suggests that the Commission urgently adopt the International Standards on Auditing (ISA), which would make it possible to harmonise audits at European level and facilitate the task of supervisory bodies. Given that it is essential to preserve the independence of the auditor, the European Parliament calls on the Commission to investigate the use of restrictive covenants by banks and other financial institutions on loans and other financial products for companies, which may be limiting auditor choice. Furthermore, Parliament proposes that the Commission should look into creating a quality certificate and register for audit companies, so that small and medium-sized audit firms can show that their work is of a satisfactory standard. The Commission should also examine to what extent a European market for audit services might serve to reduce procedural complexity and costs for all market participants, in particular, small and medium-sized audit firms."@en1

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