6 Amendments of Pavel POC related to 2011/0359(COD)
Amendment 103 #
Proposal for a regulation
Recital 27
Recital 27
(27) In order to address the familiarity threat and therefore reinforce the independence of auditors and audit firms, it is important to establish a maximum duration of the audit engagement of a statutory auditor or audit firm in a particular audited entity. An appropriate gradual rotation mechanism should also be established with regard to the most senior personnel involved in the statutory audit, including the key audit partners carrying out the statutory audit on behalf of the audit firm. It is also important to provide for an appropriate period within which such statutory auditor or audit firm may not carry out the statutory audit of the same entity. In order to ensure a smooth transition, the former auditor should transfer a handover file with relevant information to the incoming auditor.
Amendment 134 #
Proposal for a regulation
Article 32 – paragraph 3 – subparagraph 1 – introductory part
Article 32 – paragraph 3 – subparagraph 1 – introductory part
3. Unless it concerns tWhe renewal of an audit engagement in accordance with the second subparagraph of Article 33(1) a public interest entity puts the audit out to tender, the recommendation of the audit committee referred to in paragraph 2 of this Article, shall be prepared following a selection procedure organized by the audited entity respectingwhich shall take into consideration the following criteria:
Amendment 139 #
Proposal for a regulation
Article 32 – paragraph 3 – subparagraph 1 – point a
Article 32 – paragraph 3 – subparagraph 1 – point a
(a) the audited entity shall be free to invite any statutory auditors or audit firms to submit proposals for the provision of the statutory audit service on the condition that Article 33(2) is respected and that a. At least one of the invited auditors or firms is not one who received more than 15% of the total audit fees from largeshall be a smaller audit firm based on turnover, number of employees and number of public- interest entities in the Member State concerned in the previous calendar year;y statutory audits carried out in the previous financial year, as published by the competent authority under Article 32 (3).
Amendment 152 #
Proposal for a regulation
Article 33 – paragraph 1 – subparagraph 2
Article 33 – paragraph 1 – subparagraph 2
The public-interest entity may renew thise audit engagement only onceproviding this is based on a proposal of the audit committee and approved at the annual general meeting.
Amendment 156 #
Proposal for a regulation
Article 33 – paragraph 1 – subparagraph 3
Article 33 – paragraph 1 – subparagraph 3
Amendment 164 #
Proposal for a regulation
Article 33 – paragraph 2
Article 33 – paragraph 2