Accountancy: Regulation

Department for Business, Energy and Industrial Strategy written question – answered on 27th February 2020.

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Photo of Lord Hodgson of Astley Abbotts Lord Hodgson of Astley Abbotts Chair, Secondary Legislation Scrutiny Committee, Chair, Secondary Legislation Scrutiny Committee

To ask Her Majesty's Government what plans they have to reform the regulation of the accounting profession.

Photo of Lord Callanan Lord Callanan Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

The Government is committed to acting on the findings of the three independent reviews of audit: the FRC review, the CMA review and the Brydon review, covering respectively the regulator, the market and the audit product itself. We will set out comprehensive proposals for audit reform in the Spring and will then bring forward legislation as soon as parliamentary time allows.

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