Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-12-Speech-1-173-500"

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"This report on audit policy, as its title states, aims to analyse lessons from the crisis. Given that one of the causes of that crisis was a loss of trust, which is the most important value for developed economies, with this resolution the European Parliament is proposing to strengthen that trust by means of auditing companies. This report is the result of a convergence of opinions; these may have been divided at the outset, but they have succeeded in establishing clear rules to strengthen the role of auditors. Nevertheless, instead of changing the market structure by penalising some of the major companies, the decision was taken to guarantee free competition and give greater support to small and medium-sized enterprises so that they can establish themselves in the market. On that point, may I congratulate Mr Masip Hidalgo for the work he has carried out in the Committee on Legal Affairs. This is an ambitious report that is going to require considerable development in order to accommodate everything that has been suggested. There were many lessons to be learned from the crisis, and this is a clear example of Europe’s will to draw the necessary impetus from the crisis in order to implement the mechanisms able to restore faith in the global economy. Audit policy is one of those."@en1

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