9 Amendments of Wolf KLINZ related to 2010/2037(INI)
Amendment 15 #
Draft opinion
Recital C
Recital C
C. whereas the role of the audit committees within SIFIfinancial institutes has not been fully utilised,
Amendment 33 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. Recommends that the audit committee as an entity of the supervisory board, not the executive board, should decide whether to permit the provision of non- audit services to the respective financial company and should negotiate the tender and details of the mandate; calls on the Commission to conduct an impact assessment of the viability and effects of a cap on non-audit services in relation to revenue;
Amendment 38 #
Draft opinion
Paragraph 2
Paragraph 2
Amendment 56 #
Draft opinion
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Upholds that with regard to maintaining a high standard of audit quality, the internal rotation of auditors, as confirmed in Directive 2006/43/EC, is to be preferred over external rotation;
Amendment 58 #
Draft opinion
Paragraph 2 b (new)
Paragraph 2 b (new)
2b. Recommends the compulsory introduction of joint-audits with the inclusion of at least one smaller audit firm, which has the potential to develop into an internationally active market participant;
Amendment 68 #
Draft opinion
Paragraph 3
Paragraph 3
3. Calls for enhanced, two-way communication between auditors and financial supervisors of SIFIfinancial institutes, especially in relation to specific areas of concern, including the interaction between different financial products;
Amendment 77 #
Draft opinion
Paragraph 4
Paragraph 4
4. Calls for the auditors of SIFIselective financial institutes to report periodically, on a collective basis, to the ESRB;
Amendment 85 #
Draft opinion
Paragraph 5
Paragraph 5
5. Calls for the role of the audit committees of SIFIfinancial institutes to be strengthened by requiring them to approve a risk model assessment which includes firm-specific comparisons to benchmarks; demands that this assessment be presented to the boards of SIFIsupervisory and executive boards of financial institutes, along with the full audit report, annually for consideration and approval.
Amendment 96 #
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Calls on the Commission to clearly develop a pan-European liability regime for the auditing profession in the case of gross negligence with a cap in the range of 25 to 50 million EURO;