HC Deb 04 November 1987 vol 121 cc709-10W
Mr. Bermingham

asked the Chancellor of the Duchy of Lancaster if he intends to introduce legislation to restrict the ability of companies not to make disclosure of liabilities through their accounts; and if he will make a statement.

Mr. Maude

My Department is considering the issues raised by the practice of keeping assets and liabilities off a company's balance sheet with the Accounting Standards Committee and other bodies with a close interest in this topic. This will be taken into account in drafting changes to company law which will be made to implement the EC seventh company law directive.