§ Mr. Austin MitchellTo ask the President of the Board of Trade what action he has taken against Ernst and Young following criticisms of the firm's standards by his inspectors; and if he will make a statement.
§ Mr. Neil HamiltonThe inspectors' reports concerned have been referred to the firm's supervisory body, the Institute of Chartered Accountants in England and Wales. As a recognised supervisory body, the institute is responsible for taking any disciplinary or regulatory action against an auditor registered with it.