4 Amendments of Wolf KLINZ related to 2008/2247(INI)
Amendment 1 #
Draft opinion
Paragraph 1
Paragraph 1
1. Notes that the Directive was adopted as a response to the crisis following the collapse of Enron; emphasises that the current financial crisis raises serious concerns abouthighlights the importance of high-quality accounting and auditing practices; deplores the fact that only 12 Member States have transposed the Directive in full; urges the Commission to ensure its immediate transposition and enforcement;
Amendment 2 #
Draft opinion
Paragraph 2
Paragraph 2
2. Stresses that recent experience shows the need for frequent and high-quality interaction within audit committees and between independent directors, supervisory boards and auditors and that executive board members should not always be present at such meetings;
Amendment 3 #
Draft opinion
Paragraph 4
Paragraph 4
4. Deplores that not all Member States have set up an adequately resourced independent public oversight of auditors; recommends that a new European oversight body coordinatestresses that this gap should be closed and that coordination between the national public oversight activities, give input in preparation and implementation of standards, and act as a strong counterpart in a global contextbodies should be strengthened; urges for mutual recognition with third-country oversight authorities;
Amendment 4 #
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Welcomes the Commission's recommendation relating to the limitation of the civil liability of auditors; encourages Member States to implement that recommendation;