2 Amendments of Markus FERBER related to 2010/2037(INI)
Amendment 39 #
Draft opinion
Paragraph 2
Paragraph 2
2. Believes companies should conduct a compulsory open tendering process for statuRecognises the importance of the role of the audit committee in monitoring the effectiveness of the external auditory appointments of external auditors every eight years, on a renewable basis; notes that for SIFIs this should be reduced to every four yearsnd the audit process; calls on the Commission to review audit committee practices with regard to tendering processes with a particular view on aspects of administrative burdens associated with a formal tendering process. Encourages the Commission to include the results of an annual discussion of the auditor selection in an audit committee report to the shareholder assembly;
Amendment 88 #
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Considers joint audit to be an appropriate way to organise a statutory audit in specific business situations, for example mergers of companies; cautions the Commission not to propose the introduction of mandatory joint audit across the European Union without properly considering the various situations in all EU Member States and assessing in depth its benefits compared to obvious cost increases and expanded coordination efforts for auditors as well as audited companies; in addition, asks the Commission to ensure the transparency of audit quality and that the audit committees are always able to select the audit firm, based on objective and quality based criteria, in the best interest of the audited company; asks the Commission to come up with relevant proposals in that sense;