Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-13-Speech-2-341-000"
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"en.20110913.34.2-341-000"2
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"Auditors undoubtedly play a key role in strengthening supervision. Strict supervision of financial institutions in the area of risk management appears necessary following the experiences of the crisis, since the excessive risk taking of financial institutions went hand-in-hand, to a considerable extent, with lax and ineffective control and risk management mechanisms. Audit quality is of fundamental importance for economic stability and market confidence, as it gives a picture of the actual financial health of a company.
High-quality, independent and objective audit reports must therefore be drawn up on the financial institutions that are of systemic importance to the economy of the EU and the Member States. I therefore welcomed the Green Paper drawn up by the Commission, which clearly pointed out the main problems in the field of auditing. At the same time, I would like to join the call for the Commission to look into the possibility of gradually harmonising auditing standards and procedures on the single European market."@en1
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