Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-13-Speech-2-335-687"
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"en.20110913.34.2-335-687"2
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"The economic and financial crisis that is so profoundly affecting the European Union has led politicians, economists and journalists, inter alia, to consider the causes of this situation and ways to avoid similar ones. Aware of the gravity of the situation, the European Commission has, amongst other initiatives, drafted a document entitled ‘Green Paper – Audit Policy: Lessons from the Crisis’, which is intended as a sort of warning and prevention ‘manual’.
The European public, which is suffering the consequences of the crisis, does not understand the reasons why those with the obligation to warn of the financial slippage that was under way – banks’ boards of directors, regulators, supervisors and official auditors – did not do so. Trust is needed for the economy and businesses. This requires auditors to be independent and not to have other dealings with companies. There is a need to bring an end to the oligopoly, opening up the market and drastically cutting spending on auditors. I am therefore voting for the report drawn up by my colleague, Mr Masip Hidalgo, and I hope that Europe will emerge quickly from the crisis in which it is mired through the measures that have been implemented."@en1
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