§ Mr. Austin MitchellTo ask the President of the Board of Trade what action has been taken against Ernst and Young and its partners, following the criticisms made by the inspectors in their report on(a) Rotaprint plc and (b) Sound Diffusion.
§ Mr. Neil HamiltonIn the case of Rotaprint plc, the investigation committee of the Institute of Chartered Accountants in England and Wales reprimanded and fined Mr. R. H. Legge FCA, the engagement partner for the audit in question. In the case of Sound Diffusion plc, the investigation committee concluded earlier this month, after taking leading counsels' opinion, that there was no prima facie case against the institute members responsible for auditing the accounts of the company in 1986 and 1987, the years in question. Consequently, the investigation committee decided not to refer formal complaints to the institute's disciplinary committee.