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Das heißt, auch wenn der Wirtschaftsprüfer die notwendigen Voraussetzungen erfüllt, was Ausbildung, Fähigkeit und Unabhängigkeit u.v.m. betrifft, kann er Schwierigkeiten bei der Ausübung seines Berufes haben, wenn er dies nicht über eine Großkanzlei kanalisiert, was und darüber sind wir uns doch einig - keinen Sinn macht.
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That is, the auditor, although fulfilling the necessary requirements of training, capacity and independence, among many others, may have difficulties in exercising his profession if not channelled through a large office group, which and let's agree on that - makes no sense. It would be similarly absurd, for example, in the legal profession or, in a more remote sense, within the scope of the judicial function. The EU authorities and markets, in order to safeguard the public interest and competitiveness, have always been denouncing the high concentration of the audit function and the risk this entails in the event that any of these large firms disappear. In this situation, a strong comeback can be observed in France and Germany, but also in other EU countries, of the debate about the benefits of the audit jointly conducted by two or more firms. In the so European line of learning from best practices, it might be very useful to observe the joint audit system which has been used in France for over 45 years for companies of public interest and also for groups of companies that are obliged to file consolidated accounts. The regulations are applied to consolidated annual accounts, but not to the annual accounts of subsidiaries, but in practice the most significant subsidiaries are also audited by two firms. In this regard, numerous international studies, developed by academic experts in accounting and finance, indicate that joint audits in France have helped to reduce the concentration in this market, insofar as 265 auditing firms audit 511 groups of companies - unlike in Spain, where 133 entities of public interest are audited by only 13 firms.
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