115 Deputy Olivia Mitchell asked the Minister for Jobs, Enterprise and Innovation if, in view of the EU’s proposal for a regulation on statutory audits of public interest companies amending Directive 2006/43/EC, he has considered the likely disincentive effect on Foreign Direct Investment and particularly international financial services, considering that Irish subsidiaries of companies based outside the EU may have to appoint auditors other than those employed for their corporate headquarters or for their other international operations, and the mounting number of international studies warning on the negative impact of key elements of Commissioner Barnier’s proposals on audit costs, independence and on audit quality; and if he will make a statement on the matter. [25923/12]

Summary

115 Deputy Olivia Mitchell asked the Minister for Jobs, Enterprise and Innovation if, in view of the EU’s proposal for a regulation on statutory audits of public interest companies amending Directive 2006/43/EC, he has considered the likely disincentive effect on Foreign Direct Investment and particularly international financial services, considering that Irish subsidiaries of companies based outside the EU may have to appoint auditors other than those employed for their corporate headquarters or for their other international operations, and the mounting number of international studies warning on the negative impact of key elements of Commissioner Barnier’s proposals on audit costs, independence and on audit quality; and if he will make a statement on the matter. [25923/12]

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Timeline

1. 23 May 2012

   EU Directives

   115 Deputy Olivia Mitchell asked the Minister for Jobs, Enterprise and Innovation if, in view of the EU’s proposal for a regulation on statutory audits of public interest companies amending Directive 2006/43/EC, he has considered the likely disincentive effect on Foreign Direct Investment and particularly international financial services, considering that Irish subsidiaries of companies based outside the EU may have to appoint auditors other than those employed for their corporate headquarters or for their other international operations, and the mounting number of international studies warning on the negative impact of key elements of Commissioner Barnier’s proposals on audit costs, independence and on audit quality; and if he will make a statement on the matter. [25923/12]

   Source: written

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• EU Directives

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• Mitchell, Olivia. · Asking member
• Minister for Jobs, Enterprise and Innovation · Minister for Jobs, Enterprise and Innovation · Addressed to

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