Ms McGuinness will launch a public consultation after the summer looking at company audit committees, the outside auditors who sign off on financial figures companies publish and the regulators who supervise them.
It will examine whether responsibilities of company board members to provide accurate financial reports are defined clearly enough.
The consultation will reflect on how to improve the role of company audit committees and whether they should be mandatory.
Ms McGuinness said supervisors for auditors across the EU had found problems with internal quality control systems. They also found a lack of or inappropriate monitoring of high-risk audited entities and insufficient audit evidence and documentation, she added.
But Saturday s Corriere della Sera said the planned start date had now been pushed forward to September because of a lack of progress in the talks between Rome and Brussels.
ITA could, however, reach a deal with Alitalia that would allow it to start selling tickets for the old carrier while it waits for the EU go-ahead to buy the rest of the Alitalia s assets, the newspaper said.
No one at ITA could immediately be reached to comment.
Industry Minister Giancarlo Giorgetti, who is currently responsible for Alitalia s management, is due to meet EU Competition Head Margrethe Vestager in Brussels on Wednesday.
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AT&T, owner of HBO and Warner Bros studios, and Discovery, home to lifestyle TV networks such as HGTV and TLC, said on Monday they will combine their content assets to create a standalone global entertainment and media business.
Discovery chief executive David Zaslav will lead the proposed new company, which will comprise one of Hollywood s most powerful studios, including the Harry Potter and Batman franchises, news network CNN, sports programming and Discovery s unscripted home, cooking and nature and science shows.
Shares in Discovery climbed about 16 per cent to $41.3 in premarket trade but fell 2 per cent afterward as investors digested that it would take time for Discovery to scale up in streaming, said Rich Greenfield, partner at LightShed Partners.
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The US securities regulator is considering new guidance to rein in earnings growth projections made by listed blank-cheque companies, and clarify when they qualify for certain legal protections, according to sources.
The previously unreported measures being weighed by staff at the Securities and Exchange Commission (SEC) would escalate its crackdown on the deal frenzy in special purpose acquisition companies, or SPACs, which it worries is putting investors at risk.
The SPAC market had already started to lose steam after the SEC earlier this month suggested warrants issued by SPACs should be accounted for as liabilities instead of equity instruments, and the potential new guidance could compound that slowdown.
Online sales of luxury handbags, shoes and garments have boomed over the past year as the coronavirus pandemic forced retailers to temporarily close their stores.
Groups such as Facebook are keen to make a bigger push into the luxury market and social commerce , but to do so they need to show that their platforms are not a conduit for counterfeiting and are safe for brands, some of which are reluctant to sell their products through third-party players. More than one million pieces of content were removed from Facebook and Instagram in the first half of 2020, based on thousands of reports of counterfeit content from brand owners, including Gucci, the lawsuit statement said.