§ Mr. Austin MitchellTo ask the President of the Board of Trade in what circumstances his Department takes action when a company's accounts are qualified by auditors.
§ Mr. Neil HamiltonAuditors' reports on companies' accounts may be qualified for various reasons, and such qualifications do not necessarily imply financial difficulty or breaches of the law. Routine consideration of every qualified report would require resources that we do not believe could be justified. However my Department considers for appropriate action any case where a qualification is drawn to its attention as indicating a matter for concern.