Former Liberal Democrat Peer
Former Liberal Democrat Peer
Entered the House of Lords in 1999
Left the House of Lords on 30 April 2015 — retired
To ask Her Majesty's Government what progress has been made in evaluating the business reviews being published by companies under the Companies Act 2006.
To ask Her Majesty's Government what guidance is produced for companies on narrative reporting in the light of the financial crisis and the Climate Change Act 2008.
My Lords, again I will not delay your Lordships long. The order, which brings into effect a regime of regulation for the conduct of statutory audits and their auditors, has been debated widely and has been the subject of much consultation. It is very welcome that this replaces the old regime of self-regulation, which had many faults. The initial indications are that this regime will work...
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