Activities of Antonio MASIP HIDALGO related to 2011/2037(INI)
Plenary speeches (1)
Audit policy - lessons from the crisis (short presentation)
Reports (1)
REPORT on audit policy: lessons from the crisis PDF (182 KB) DOC (117 KB)
Amendments (13)
Amendment 1 #
Motion for a resolution
Recital A (new)
Recital A (new)
A. whereas the recent financial crisis has called the work of auditors into question,
Amendment 2 #
Motion for a resolution
Recital B (new)
Recital B (new)
B. whereas quality auditing is fundamental for economic stability and market confidence, since it provides guarantees concerning the genuine financial health of companies,
Amendment 3 #
Motion for a resolution
Recital C (new)
Recital C (new)
C. whereas the auditor's independence plays a fundamental part in the quality of auditing,
Amendment 4 #
Motion for a resolution
Recital D (new)
Recital D (new)
D. whereas, consequently, an in-depth debate needs to be relaunched on the function of the auditor and the structure of the audit market,
Amendment 34 #
Motion for a resolution
Paragraph 9 a (new)
Paragraph 9 a (new)
9a. Believes that the system of qualifications in audit reports should not be reassessed, since it fulfils a dissuasive function and contributes to the quality of financial information;
Amendment 38 #
Motion for a resolution
Paragraph 10 a (new)
Paragraph 10 a (new)
10a. Supports the generalised and mandatory introduction of the International Standards on Auditing (ISA), clarified through a regulation, which would make it possible to harmonise audits at European level and facilitate the task of supervisory bodies; takes the view that auditing is a single procedure, regardless of the size of the audited company, but its application needs to be adapted to the characteristics of small and medium-sized enterprises (SMEs);
Amendment 80 #
Motion for a resolution
Paragraph 16 a (new)
Paragraph 16 a (new)
16a. Supports the creation of an international code of good governance for auditing firms that audit public interest entities;
Amendment 81 #
Motion for a resolution
Paragraph 16 b (new)
Paragraph 16 b (new)
16b. Believes that the partnership model is the appropriate one for audit firms, since it protects their independence;
Amendment 82 #
Motion for a resolution
Paragraph 16 c (new)
Paragraph 16 c (new)
16c. Supports the Green Paper's proposals on group audits;
Amendment 83 #
Motion for a resolution
Title 3 a (new) after paragraph 16
Title 3 a (new) after paragraph 16
Supervision
Amendment 84 #
Motion for a resolution
Paragraph 16 d (new)
Paragraph 16 d (new)
16d. Calls on the Commission to submit a proposal to strengthen communication between the auditor of public interest entities and the regulatory authorities;
Amendment 85 #
Motion for a resolution
Paragraph 16 e (new)
Paragraph 16 e (new)
16e. Believes that communication and confidentiality protocols should be laid down and the dialogue should operate in both directions;
Amendment 114 #
Motion for a resolution
Paragraph 23
Paragraph 23
23. Urges the Commission to come forward with proposals aiming to enhance harmonisation as a way of creating a European passport for auditors, placing particular emphasis on everything that guarantees the auditor's independence;