§ Mr. Butler
To ask the President of the Board of Trade if he will make a statement on the first annual report of the recognised supervisory bodies on the regulation of auditors under part II of the Companies Act 1989.
§ Mr. Neil Hamilton
I have received the joint first annual report of the three institutes of chartered accountants on their activities as recognised supervisory bodies for the 479W regulation of company auditors, and have placed copies in the Library. I expect to receive shortly the reports of the other two recognised supervisory bodies. My Department will be discussing the contents of the reports with the bodies.