§ Mr. Alex CarlileTo ask the Secretary of State for Trade and Industry if he will make a statement on his policy towards accountancy practice, standards and forms, in relation to corporate bodies.
§ Mr. RedwoodThe Government's policy on company accounting was debated at length during the passage of the 479W Companies Act 1989, which introduced a number of important changes. As regards accounting standards, the Government welcomed and support the new Financial Reporting Council and its subsidiaries, including the Accounting Standards Board.