§ Mr. Austin MitchellTo ask the President of the Board of Trade what information plc auditors are required to file with the recognised supervisory bodies in relation to their own affairs.
§ Mr. Neil HamiltonAll registered auditors must provide their supervisory body each year with information relating to the following matters so that the bodies may discharge their statutory duties as set out in part II of schedule 11 to the Companies Act 1989:
- —the holding of an appropriate qualification;
- —being a fit and proper person(s);
- —professional integrity and independence;
- —the technical standards applied to company audit work;
- —the maintenance of competence;
- —the monitoring and enforcement of compliance with the supervisory body's rules;
- —eligibility for membership of the supervisory body;
- —the ability to meet claims arising out of company audit work;
- —the maintenance of the public register for company auditors by the supervisory body.
§ Mr. Austin MitchellTo ask the President of the Board of Trade how many(a) individual auditors and (b) auditing firms are registered with each of the authorised bodies under the provisions of the Companies Act 1989.
§ Mr. Neil HamiltonThe latest available figures for those registered with the recognised supervisory bodies under the Companies Act 1989 are as follows:
Supervisory body Individuals Firms Institute of Chartered Accountants in England and Wales 19,473 9,218 Institute of Chartered Accountants of Scotland 1,273 742 Institute of Chartered Accountants in Ireland 829 463 Chartered Association of Certified Accountants 3,959 507 Association of Authorised Public Accountants 460 425