Politics is a Berlin on ETL-event for more competition, 22.03.2012. More competition also leads to more quality in the final exam”, explained Dr. Volker Wissing, Deputy Chairman and fiscal policy spokesman of the FDP Bundestag group, on 6 March 2012 as keynote speaker well 80 invited guests in Berlin. The ETL group, the number five among the largest German tax consulting and auditing companies, had worked under the title the early warning system auditing?”in the representative office of the DZ BANK invited and held discussions with representatives from politics, associations, business and the public accounting industry pros and cons of a stronger political influence. Franz-Josef Wernze, Chief Executive Officer and founder of ETL group, pointed out in his welcoming speech the advance Commission, to separate the areas of testing and counselling and of breaking up the dominant market position of four large audit firms. Monsieur Michel Barnier has cast a stone into the water and brought an important discussion on the independence of the statutory auditor in motion”, so Wernze. For our customers, it would be unthinkable, their auditors not to can rely on his judgment to doubt.
The trust of the customers, the confidence of the entire market is reflected in the work of an auditor.” In the subsequent lively panel discussion, moderated by n-tv stock market expert Katja Dofel, the tension between the danger of political over-regulation and a large market power of large audit firms was illuminated intensively. Alexandra Thein, Member and policy spokesperson of the Group of the Alliance of Liberals and Democrats for Europe in the European Parliament (ALDE), is pronounced against an extension of the rules on small and medium-sized enterprises. We must not overshoot the mark, I’ll have an eye”, as the European Parliament. Also Dr. Wissing warned against “to major interventions in the free market and advocated a State intervention with good judgement”.