Monique van Dijken Eeuwijk, head of NautaDutilh's Benelux sector team Professional Services, was quoted in Het Financieele Dagblad of 12 November in the article 'Debat accountants raakt ook AFM in de kern' (Debate on the accountancy sector also hits at the heart of the Netherlands Authority for the AFM). Monique is quoted as one of the experts when it comes to legislation for accountants and she is positive about the plans for the sector.
'These will lead to improvements and the Dutch Audit Firms Supervision Act (Wet Toezicht Accountantsorganisaties) and the supervision of the AFM have been useful in that respect', according to Monique. She is also positive about the legislation announced by Dutch Minister of Finance Jeroen Dijsselbloem because it not only relates to accountants, but also concerns all links in the financial markets chain, including the controlled enterprises and the internal supervision of supervisory directors.
Furthermore, Monique points out that the AFM could perform its supervision differently, as its informal supervision strategy means that audit firms and outsiders find the standards imposed by the supervisor not very transparent. Moreover, these standards are not assessed by a court, which is unfavourable with regard to judicial protection. 'Improving internal supervision, by introducing supervisory boards, for instance, may help.'