Activities of Sebastian Valentin BODU related to 2011/0389(COD)
Shadow reports (1)
REPORT on the proposal for a directive of the European Parliament and of the Council amending Directive 2006/43/EC on statutory audits of annual accounts and consolidated accounts PDF (458 KB) DOC (737 KB)
Amendments (5)
Amendment 34 #
Proposal for a directive
Recital 11
Recital 11
(11) Adequate supervision of statutory auditors and audit firms that have cross- border activities or are part of networks requires the public oversight authorities of the Member States to exchange information. In order to protect the confidentiality of the information that may be thus exchanged, Member States should subject to the obligation of professional secrecy not only the employees of the public oversight authorities, but also all persons to whom the public oversight authorities have delegated tasks. The competent authority should have the possibility to delegate tasks to other authorities or bodies only with regard to the approval and registrinspections, verifications of the statutory auditorn regulatory proposals. Such delegation should be subject to several conditions and the competent authority should bear the ultimate responsibility for it.
Amendment 120 #
Proposal for a directive
Article 1 – point 14 a (new)
Article 1 – point 14 a (new)
Directive 2006/43/EC
Article 31 – paragraph 1 a (new)
Article 31 – paragraph 1 a (new)
14a. In Article 31 the following paragraph is added: "Member States may opt to decide that the liability of the audit firms to be limited."
Amendment 140 #
Proposal for a directive
Article 1 – point 18
Article 1 – point 18
Directive 2006/43/EC
Article 37 – paragraph 3
Article 37 – paragraph 3
3. Any contractual clause entered into between the audited entity and a third party restricting the choice by the general meeting of shareholders or members of that entity pursuant to paragraph 1 to certain categories or lists of statutory auditors or audit firms regarding the appointment of or restricting the choice of a particular statutory auditor or audit firm to carry out the statutory audit of that entity ishall be null and void.
Amendment 143 #
Proposal for a directive
Article 1 – point 19
Article 1 – point 19
Directive 2006/43/EC
Chapter X – title
Chapter X – title
Amendment 148 #
Proposal for a directive
Article 1 – point 19 e (new)
Article 1 – point 19 e (new)
Directive 2006/43/EC
Article 42 – paragraph 4
Article 42 – paragraph 4
19e. In Article 42 the following paragraph 4 is added: Where an audit firm generates more than one third of its annual audit revenues from large public-interest entities and belongs to a network whose members have combined annual audit revenues which exceed EUR 1 500 million within the European Union, the audit firm can provide non-audit services to public interest entities if complies with the following cumulative conditions: (a) during the first year of application of the present paragraph: (i) the non-audit services value provided to each public interest entity can not exceed 90% of the annual total audit fees paid by the public interest entity to the audit firm; (ii) the non-audit services value provided to public interest entities can not exceed 65% of the annual total income value for the audit firm, originated in payments from public interest entities; (b) during the second year of application of the present paragraph: (i) the non-audit services value provided to each public interest entity can not exceed 80% of the annual total audit fees paid by the public interest entity to the audit firm; (ii) the non-audit services value provided to public interest entities can not exceed 55% of the annual total income value for the audit firm, originated in payments from public interest entities; (c) during the third year of application of the present paragraph: (i) the non-audit services value provided to each public interest entity can not exceed 70% of the annual total audit fees paid by the public interest entity to the audit firm; (ii) the non-audit services value provided to public interest entities can not exceed 45% of the annual total income value for the audit firm, originated in payments from public interest entities;