HC Deb 29 November 1985 vol 87 cc696-7W
Mr. Michael Brown

asked the Secretary of State for Trade and Industry whether he proposes to introduce legislation requiring auditors to report cases of fraud.

Mr. Howard

In the context of financial services this is one of the questions discussed in a consultative document that my Department will be issuing shortly on the role of auditors in that sector. I shall obviously want to consider the responses, but my current view is that much could be done if auditors took a more positive view of their role in relation to the reporting of suspected fraud. I welcome the recent initiatives which the accountancy profession has taken in that direction.