Back to EUR-Lex homepage

EUR-Lex Access to European Union law

Back to EUR-Lex homepage

This document is an excerpt from the EUR-Lex website

Use quotation marks to search for an "exact phrase". Append an asterisk (*) to a search term to find variations of it (transp*, 32019R*). Use a question mark (?) instead of a single character in your search term to find variations of it (ca?e finds case, cane, care).
Search tips
Need more search options? Use the Advanced search
You are here

Document 52011HB0007

Recommendation of the European Central Bank of 9 June 2011 to the Council of the European Union on the external auditors of the Oesterreichische Nationalbank (ECB/2011/7)

OJ C 174, 15.6.2011, p. 6–6 (BG, ES, CS, DA, DE, ET, EL, EN, FR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)

15.6.2011   

EN

Official Journal of the European Union

C 174/6

RECOMMENDATION OF THE EUROPEAN CENTRAL BANK

of 9 June 2011

to the Council of the European Union on the external auditors of the Oesterreichische Nationalbank

(ECB/2011/7)

2011/C 174/04

THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,

Having regard to the Statute of the European System of Central Banks and of the European Central Bank, and in particular Article 27.1 thereof,

Whereas:

(1)

The accounts of the European Central Bank (ECB) and national central banks are audited by independent external auditors recommended by the ECB’s Governing Council and approved by the Council of the European Union.

(2)

Pursuant to Article 37(1) of the Federal Law on the Oesterreichische Nationalbank, the General Meeting of the Oesterreichische Nationalbank elects two external auditors and two alternate external auditors each year. The alternate external auditors will be mandated only in the event that the external auditors are not able to perform the audit.

(3)

The mandate of both the external auditors and the alternate external auditors of the Oesterreichische Nationalbank ended following the audit for the financial year 2010. It is therefore necessary to appoint external auditors from the financial year 2011.

(4)

The Oesterreichische Nationalbank has selected for the financial year 2011 TPA Horwath Wirtschaftsprüfung GmbH and Ernst & Young Wirtschaftsprüfungsgesellschaft m.b.H. as its new joint external auditors, as well as KPMG Austria GmbH Wirtschaftsprüfungs- und Steuerberatungsgesellschaft and Deloitte Audit Wirtschaftsprüfungs GmbH as its new joint alternate external auditors.

(5)

The mandate of the external auditors may be renewed on an annual basis, not exceeding a total term of five years and the mandate of the alternate external auditors may be renewed only once,

HAS ADOPTED THIS RECOMMENDATION:

1.

It is recommended that TPA Horwath Wirtschaftsprüfung GmbH and Ernst & Young Wirtschaftsprüfungsgesellschaft m.b.H. should be appointed jointly as the external auditors of the Oesterreichische Nationalbank for the financial year 2011.

2.

It is recommended that KPMG Austria GmbH Wirtschaftsprüfungs- und Steuerberatungsgesellschaft and Deloitte Audit Wirtschaftsprüfungs GmbH should be appointed jointly as the alternate external auditors of the Oesterreichische Nationalbank for the financial year 2011.

3.

The mandate of the external auditors may be renewed on an annual basis, not exceeding a total term of five years, ending with the financial year 2015 at the latest. The mandate of the alternate external auditors may be renewed only once ending with the financial year 2012.

Done at Frankfurt am Main, 9 June 2011.

The President of the ECB

Jean-Claude TRICHET

Top