§ Mr. Austin MitchellTo ask the Secretary of State for Trade and Industry if he will propose legislation under which the public would have access to the results of auditor monitoring as carried out in accordance with the requirements of the Companies Act 1989.
§ Mr. RedwoodNo. The recognised supervisory bodies are considering the publication of an annual report giving details of their monitoring of auditors. The bodies propose in any case to announce decisions to withdraw registration from a firm, whether resulting from monitoring activities or otherwise.