Sentence examples for of statutory auditors from inspiring English sources

He served on the board of statutory auditors of the Holding Italiana companies.

Mr Dal Santo was appointed to their boards of statutory auditors.You seemed to know the share issue was going to happen.

In 1975, both Umberto Previti and his son, Cesare, were appointed to Fininvest Srl's board of statutory auditors.Mr G Foscale mandated two trust companies to be the registered holder of the shares: SAF and Servizio Italia, both owned by Banca Nazionale del Lavoro (BNL), then a state-controlled bank.

Without prejudice to Member States' civil liability regimes, Member States shall provide for effective, proportionate and dissuasive penalties in respect of statutory auditors and audit firms, where statutory audits are not carried out in conformity with the provisions adopted in the implementation of this Directive (art. 30.2 chap. VII, Directive 2006/43/EC).

In 2008, following a sustained policy campaign by the large international accounting firms, the European Commission issued a Recommendation that European Union (EU) Member States should limit civil liability for statutory auditors.

In particular, the European rule required that Member States emphasize that the quality assurance system must be independent of the reviewed statutory auditors and subject to public oversight (art. 26 Directive 2006/43/EC).

Moreover, this additional effort of the statutory auditor when facing the supervision of a small- or medium-sized auditee with higher business risk is discounted in the fees of the auditing firm (Serrano Madrid et al. 2012).

On January 20th, investors in Finmatica, a software firm, learnt that the chairman, three other members of the board and three statutory auditors had been placed under investigation for, among other things, making misleading statements about its health.

Statutory auditors, it says, should concentrate on overseeing board operations, while ac counting firms should audit half-year financial statements.

One reason is that, in addition to having statutory auditors, these firms are subject to periodical audit by a government auditor that has substantial autonomy.

They could, for instance, require that a statutory auditor confirm the legitimacy of offshore transactions, as Mexico does.