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Company Accounts

Volume 165: debated on Tuesday 16 January 1990

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To ask the Secretary of State for Trade and Industry whether his Department examines published company accounts for compliance with the requirements of the Companies Acts.

Responsibility for compliance with the Companies Act's requirements concerning accounts rests with directors, with auditors required to state whether the accounts meet those requirements. Companies House staff carry out certain basic checks on accounts, but the contents are not scrutinised in detail except in response to specific complaints.