Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-13-Speech-2-336-000"
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"We know that the independence of the auditor plays a key role in the quality of an audit, so, as the rapporteur stresses, conflicts of interests are likely to exist when auditing firms offer different services to the same firm.
Moreover, the high market concentration of the Big Four audit firms may cause an excessive build-up of risk, while various smaller firms are known to exist.
We recognise that a high-quality audit system is an integral part of a sound corporate governance framework. We therefore agree with Parliament’s call for the Commission to table its proposals on corporate governance and audit in a consistent way, although we know that many of the report’s proposals do not go beyond mere palliatives."@en1
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"en.20110913.34.2-336-000"2
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The resource appears as object in 2 triples