Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-13-Speech-2-341-250"

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"en.20110913.34.2-341-250"2
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"While the role played by banks, hedge funds, rating agencies, supervisors or central banks has been analysed in depth, limited attention has been given to how the audit function could be enhanced in order to contribute to increased financial stability. The fact that numerous banks revealed huge losses from 2007 to 2009 on the positions they had held both on and off balance sheet raised not only the question of how auditors could give clean audit reports to their clients for those periods, but also about the suitability and adequacy of the current legislative framework. The Commission is asked to draw up a list of conditions under which non-audit services would be deemed incompatible with audit services that an audit firm provides to a customer, with a view to avoiding conflicts of interest. I fully agree and I voted ‘in favour’."@en1
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