Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-13-Speech-2-337-250"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-09-13"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"mt"^^xsd:language2
lpv:document identification number	"en.20110913.34.2-337-250"2
lpv:hasSubsequent	lp_eu:2011-09-13-Speech-2-337-5002
lpv:speaker	lp:Louis Grech2
lpv:spokenAs	substitute; Delegation to the Parliamentary Assembly of the Union for the Mediterranean (2009-09-16--2013-03-12)3 member; Delegation for relations with Australia and New Zealand (2009-09-16--2013-03-12)3 substitute; Delegation for relations with Albania, Bosnia and Herzegovina, Serbia, Montenegro and Kosovo (2009-09-16--2013-03-12)3 substitute; Delegation to the Euronest Parliamentary Assembly (2009-09-16--2013-03-12)3 unknown; Partit Laburista (2009-07-14--2013-03-12)3 member; S&D (2009-07-14--2013-03-12)3 substitute; BUDG (2009-07-16--2012-01-18)3 vice-chair; IMCO (2009-07-16--2012-01-18)3
lpv:translated text	"I am voting in favour of the Masip Hidalgo report on audit policy which calls for an in-depth debate on the function of auditors and the structure of the audit market, coupled with a detailed impact assessment which will analyse the various options for future auditing regulations. The response to the recent financial crisis has mainly focused on restoring stability to our financial institutions, but the role of auditors in the crisis is less well understood. In the past, the proliferation of large firms offering multiple professional services has led to dangerous conflicts of interest and high concentrations of risk. More fundamentally, the failure of audit firms to draw attention to the excessive risk taking and instability of many financial institutions played a large role in precipitating the current crisis, causing many people to lose their jobs and stifling access to credit. We must address these problems by ensuring that auditors act in the public interest, and encouraging growth and broadening of expertise amongst smaller auditing firms. This type of transparent, better regulated auditing will play a key role in restoring economic stability and confidence that companies are financially healthy."@en1
lpv:unclassifiedMetadata	"Louis Grech (S&D ),"1 "in writing."1

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