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Strengthening the quality of corporate reporting and its enforcement

Banking and financial services

This initiative aims to strengthen the quality of corporate reporting and its enforcement by addressing shortcomings in the eco-system that underpins corporate reporting. Improvements to the framework of corporate governance, external audit and supervision will increase investor protection and contribute to the deepening and attractiveness of capital markets Union.

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Public consultation

ID: 13128

Lobbying Activity

17 responses

Consultation response

American Chamber of Commerce to the European Union, 4 Feb 2022

Please find our response attached.

Consultation response

Wirtschaftskammer Österreich, 4 Feb 2022

Die Wirtschaftskammer Österreich ist die gesetzliche Interessenvertretung aller Personen und sonstiger Rechtsträger, die Unternehmungen des Gewerbes, des Handwerks, der Industrie, des Bergbaues, des Handels, des Geld-, Kredit- und Versicherungswesens, des Verkehrs, des Nachrichtenverkehrs, des…

Consultation response

PwCIL, 4 Feb 2022

Subject: response to call for evidence ‘Corporate reporting - improving its quality and enforcement PricewaterhouseCoopers International Ltd (PwC), on behalf of the PwC network, welcomes the opportunity to respond to the public consultation and call for evidence ‘Strengthening the quality of…

Consultation response

Accountancy Europe, 1 Feb 2022

Accountancy Europe commends the European Commission (EC) for this initiative and for adopting a holistic approach to the 3 pillars of corporate reporting: corporate governance & reporting, statutory audit, and their supervision. Our profession is open-minded to change and ready to contribute to the…

Consultation response

KPMG, 4 Feb 2022

Please see attached our submission.

Consultation response

Hospodářská komora České republiky, 4 Feb 2022

We would like to mention 2 practical problems with the Audit reform/Regulation. 1. The non-harmonization of national rules for rotation – there are different rules in different EU states which make practical difficulties for multinational firms (groups). 2. The non-harmonization of EU Audit…

Consultation response

Forvis Mazars Group SC, 3 Feb 2022

Audit quality is the cornerstone to building trust amongst investors and other stakeholders, ensuring efficient allocation of capital and contributing to the development of a sustainable and prosperous economy in the EU. Statutory auditors work for the public interest and play a critical role in…

Consultation response

Global Legal Entity Identifier Foundation, 1 Feb 2022

The Global Legal Entity Identifier Foundation (GLEIF) is pleased to respond to the European Commission Legislative Initiative for Corporate reporting – improving its quality and enforcement. GLEIF will focus its comments on the use of the Legal Entity Identifier (LEI) in the consultation. GLEIF…

Consultation response

Institut der Wirtschaftsprüfer in Deutschland e.V., 4 Feb 2022

We support the EC in looking at the entire corporate reporting ecosystem. We acknowledge the EC’s stance that – if any – “smarter” as opposed to “heavier” regulation makes sense. Better harmonization (e.g., regarding mandatory auditor rotation at 10 years or allowed non-audit services (NAS) and…

Consultation response

Association of Chartered Certified Accountants, 3 Feb 2022

ACCA strongly supports the EC approach to consider the three pillars of high quality and reliable corporate reporting as part of the wider financial reporting ecosystem and commend the EC’s multi-stakeholder approach. Improvements on corporate governance, statutory audit and supervision should take…

Consultation response

European Contact Group, 4 Feb 2022

The European Contact Group (ECG), which brings together the six large professional services networks in Europe (BDO, Deloitte, EY, Grant Thornton, KPMG and PwC) welcomes the opportunity to respond to the call for evidence of the European Commission for the initiative on ‘Corporate reporting -…

Consultation response

Forvis Mazars GmbH & Co. KG, 4 Feb 2022

Auditors play a cornerstone role of public interest for the benefit of economy and society: they reduce information asymmetries and build stakeholders’ confidence, fueling the transition towards a prosperous and sustainable EU economy. Auditors are facing increasing demands on quality and scope…

Consultation response

Kammer der Steuerberater:innen und Wirtschaftsprüfer:innen, 2 Feb 2022

The Austrian Chamber of Tax Advisors and Public Accountants (KSW) agrees with Commissioner McGuinness’ approach to strengthening the three pillars of corporate reporting (‘ecosystem of corporate reporting’), and welcome the holistic approach incorporating clear corporate governance requirements,…

Consultation response

Mazars Ireland, 4 Feb 2022

Call for evidence for an impact assessment Mazars Ireland EC Consultation on Corporate reporting 04/02/2022 Auditors play a cornerstone role of public interest for the benefit of economy and society: they reduce information asymmetries and build stakeholders’ confidence, fueling the transition…

Consultation response

Global Institute for Structure relevance, Anonymity and Decentralisation i.G., 4 Feb 2022

>>Challenges: GISAD welcomes the initiative to improve the quality of corporate reporting. GISAD has already comment-ed on https://gisad.eu/eu-initiative-nachhaltige-unternehmensfuehrung/ and https://gisad.eu/de-eu-initiative-ein-moderner-eu-rahmen-fuer-die-unternehmensbesteuerung/ in this…

Consultation response

Den norske Revisorforening, 4 Feb 2022

The corporate reporting ecosystem Revisorforeningen - the Norwegian Institute of Public Accountants – fully support a review of the whole ecosystem supporting high quality corporate reporting by public interest entities. The three pillars – corporate governance, audit and supervision – are…

Consultation response

Corporance Asesores de Voto, S.L., 4 Feb 2022

We welcome the initiative of asking for feedback and comments on the improvement of the quality and compliance of corporate reporting, for the sake of transparency. An increase in disclosure will not only benefit the existing shareholders of a company, but also entice potential investors to compare…