• Skip to content
  • Skip to navigation
Global site
  • Global site
  • Algeria
  • Botswana
  • Cameroon
  • Egypt
  • Ethiopia
  • Gabon
  • Guinea
  • Kenya
  • Libya
  • Malawi
  • Mauritius
  • Morocco
  • Namibia
  • Nigeria
  • Senegal
  • South Africa
  • Togo
  • Tunisia
  • Uganda
  • Zambia
  • Zimbabwe
  • Anguilla
  • Antigua
  • Argentina
  • Aruba, Bonaire, Curacao and St. Maarten
  • Bahamas
  • Barbados
  • Bolivia
  • Brazil
  • British Virgin Islands
  • Canada LLP
  • Canada RCGT
  • Cayman Islands
  • Chile
  • Colombia
  • Costa Rica
  • Dominica
  • Ecuador
  • El Salvador
  • Grenada
  • Guatemala
  • Honduras
  • Mexico
  • Montserrat
  • Nicaragua
  • Panama
  • Paraguay
  • Peru
  • Puerto Rico
  • St Kitts
  • St Lucia
  • St Vincent and the Grenadines
  • Trinidad & Tobago
  • Turks and Caicos Islands
  • United States
  • Uruguay
  • Venezuela
  • Afghanistan
  • Australia
  • Bangladesh
  • Cambodia
  • China
  • Hong Kong
  • India
  • Indonesia
  • Japan
  • Korea
  • Malaysia
  • Mongolia
  • Myanmar
  • New Zealand
  • Pakistan
  • Philippines
  • Singapore
  • Taiwan
  • Thailand
  • Vietnam
  • Albania
  • Armenia
  • Austria
  • Azerbaijan
  • Belarus
  • Belgium
  • Bosnia and Herzegovina
  • Bulgaria
  • Channel Islands
  • Croatia
  • Cyprus
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • France
  • Georgia
  • Germany
  • Gibraltar
  • Greece
  • Hungary
  • Iceland
  • Ireland
  • Isle of Man
  • Israel
  • Italy - Bernoni
  • Italy - Ria
  • Kazakhstan
  • Kosovo
  • Kyrgyzstan
  • Latvia
  • Liechtenstein
  • Lithuania
  • Luxembourg
  • Malta
  • Moldova
  • Monaco
  • Netherlands
  • North Macedonia
  • Northern Ireland
  • Norway
  • Poland
  • Portugal
  • Romania
  • Russia
  • Serbia
  • Slovak Republic
  • Slovenia
  • Spain
  • Sweden
  • Switzerland
  • Tajikistan
  • Turkey
  • Ukraine
  • UK
  • Uzbekistan
  • Bahrain
  • Egypt
  • Jordan
  • Kuwait
  • Lebanon
  • Oman
  • Qatar
  • Saudi Arabia
  • United Arab Emirates
  • Yemen
Grant Thorton Logo

Grant Thornton Logo Grant Thornton logo

EN DA
  • Services
  • Industries
  • Meet our people
  • Insights
  • Events
  • Our Offices
  • Auditing and accounting
  • Advisory
  • Tax advisory
  • Transaction Advisory Services
  • Corporate Finance
  • Outsourcing Services
  • IT Audit & Advisory
Corporate Finance Home
  • Buying a business
  • Selling a business
  • Valuation
  • Exit readiness / Preparation for sale
  • Construction
  • Energy & resources
  • Real Estate
  • Shipping & Transportation
  • Technology, communication, media & entertainment
  • Grant Thornton International Ltd. Home
  • Press releases
  • 2013
  • European Competitiveness Council progresses

European Competitiveness Council progresses

30 May 2013
  • European Competitiveness Council progresses

Grant Thornton welcomes progress made in the European Competitiveness Council

Grant Thornton welcomes the progress made in the European Competitiveness Council on key elements of a draft law on statutory audit services for large public companies.

The Council has had an encouraging exchange of views in which there was strong support to address investor concerns about long auditor tenure at large companies by recommending a maximum period for which their auditor may serve.   Grant Thornton supports EU Member States allowing a significant increase in the rotation period where the company uses more than one auditor.

 

Many on the Council also shared investor concern about the volume and nature of non-audit services provided by a company’s auditor by imposing a cap by reference to the audit fee.

We believe that the combined result of these proposals could also help to change audit market structure for the better, provided that companies and their shareholders work together to change auditor selection decisions.

Grant Thornton also supports proposals to improve engagement between auditors and supervisors; and auditors, audit committees, and shareholders.

 

John Vita 

Director of Public Relations and External Affairs

T +1 312 602 8955

 

Share this page
  • Facebook LinkedIn
  • Twitter Twitter
  • LinkedIn LinkedIn
  • WhatsApp WhatsApp
  • Xing Xing
  • Email Email
  • Grant Thornton on Youtube
  • LinkedIn icon
  • Twitter icon
CONNECTclose
  • Meet our people
  • Contact us
ABOUTclose
  • About us
  • Careers
  • Press
LEGALclose
  • Privacy Policy
  • Cookie policy
  • Disclaimer
  • Site map

© 2021 Grant Thornton International Ltd (GTIL) - All rights reserved. "Grant Thornton” refers to the brand under which the Grant Thornton member firms provide assurance, tax and advisory services to their clients and/or refers to one or more member firms, as the context requires. GTIL and the member firms are not a worldwide partnership. GTIL and each member firm is a separate legal entity. Services are delivered by the member firms. GTIL does not provide services to clients. GTIL and its member firms are not agents of, and do not obligate, one another and are not liable for one another’s acts or omissions.

    • EN
    • DA