§ Mr. Austin MitchellTo ask the President of the Board of Trade what responsibilities he has in relation to the operations of(a) the Auditing Practices Board and (b) the Accounting Standards Board. [34101]
§ Mr. OppenheimMy Department supports the work of both bodies to improve the quality of financial reporting and my officials attend their meetings as observers. My Department provides about one third of the funding of the Financial Reporting Council and its subsidiaries, of which the Accounting Standards Board is one.