Company Audits (Hansard, 7 March 1990)

HC Deb 07 March 1990 vol 168 c631W 631W

§ Mr. Austin Mitchell
To ask the Secretary of State for Trade and Industry whether he will bring forward legislation to require all organisations seeking the status of a qualifying body under the Companies Act 1989 to issue recommended reading lists to their students.

§ Mr. Redwood
No.

§ Mr. Austin Mitchell
To ask the Secretary of State for Trade and Industry if he will legislate to require all auditors of all companies to detect fraud and report it to the appropriate authorities.

§ Mr. Redwood
No, but I hope that all auditors will apply the guidance in the newly issued auditing guideline on the auditor's responsibility in relation to fraud, other irregularities and errors.