Audit

Department for Business, Energy and Industrial Strategy written question – answered on 10th July 2020.

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Photo of Richard Fuller Richard Fuller Conservative, North East Bedfordshire

To ask the Secretary of State for Business, Energy and Industrial Strategy, what plans he has to bring forward legislative proposals to reform of the statutory audit market in the current session of Parliament.

Photo of Paul Scully Paul Scully Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy), Minister of State (London)

The Competition and Markets Authority study of the statutory audit market made a series of far-reaching and ambitious recommendations. Our intention is to set out our comprehensive proposals in the coming months, seeking views on them where the Government has not already done so. We will then consider bringing forward legislation in due course.

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