the group auditor evaluates the audit work performed by any third-country auditor(s) or statutory auditor(s) and third-country audit entity(ies), or audit firm(s) for the purpose of the group audit, and documents the nature, timing and extent of the work performed by those auditors, including, where applicable, the group auditor’s review of relevant parts of those auditors’ audit documentation;

(c) the group auditor evaluates the audit work performed by third-country auditor(s) or statutory auditor(s) and third-country audit entity/ies or audit firm(s) for the purpose of the group audit and document the nature, timing and extent of involvement in the work performed by those auditors, including where applicable the auditor's review of relevant parts of those auditors´ audit documentation.

(34) Since the objectives of this Regulation, namely clarifying and better defining the role of statutory audit regarding public-interest entities, improving the information that the statutory auditor or the audit firm provides to the audited entity, investors and other stakeholders, improving the communication channels between auditors and supervisors of public-interest entities, preventing any conflict of interest arising from the provision of non-audit services to public-interest entities, mitigating the risk of any potential conflict of interest due to the existing system whereby the auditee selects and pays the auditor or the famili ...[+++]arity threat, facilitating the switching of, and the choice of a statutory auditor or an audit firm to public-interest entities, broadening the choice of statutory auditors and audit firms for public-interest entities and improving the effectiveness, independence and consistency of the regulation and oversight of statutory auditors and audit firms providing statutory audits to public-interest entities including as regards cooperation at Union level, cannot be sufficiently achieved by the Member States but can rather, by reason of their scale, be better achieved at Union level, the Union may adopt measures, in accordance with the principle of subsidiarity as set out in Article 5 of the Treaty on European Union.

3. When the total fees received from a public-interest entity in each of the last three consecutive financial years are more than 15 % of the total fees received by the statutory auditor or the audit firm or, where applicable, by the group auditor carrying out the statutory audit, in each of those financial years , such a statutory auditor or audit firm or, as the case may be, group auditor, shall disclose that fact to the audit committee and discuss with the audit committee the threats to their independence and the safeguards applied to mitigate those threats . The audit committee shall consider whether the audit engagement should be subject to an engagement quality control review by ...[+++] another statutory auditor or audit firm prior to the issuance of the audit report.

(b)the group auditor evaluates the audit work performed by any third-country auditor(s) or statutory auditor(s) and third-country audit entity(ies), or audit firm(s) for the purpose of the group audit, and documents the nature, timing and extent of the work performed by those auditors, including, where applicable, the group auditor's review of relevant parts of those auditors' audit documentation.

On the matter of remuneration, since the full independence of the Supervisor's office is to be guaranteed in respect of his function of monitoring all the Community institutions and bodies, it appears quite correct to propose that the Supervisor should receive the same remuneration as the Ombudsman or a judge at the European Court of Justice. In the case of the Assistant Supervisor, who will be appointed by the same procedure and for the same period as the Supervisor, and will have the additional responsibility of deputising for the Supervisor should the latter be absent or prevented from carrying out his duties, it is proposed that the ...[+++]remuneration payable should be the same as that of the Registrar of the Court of Justice.