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Auditors

Volume 183: debated on Tuesday 15 January 1991

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To ask the Secretary of State for Trade and Industry how many times company auditors have notified his Department of corporate fraud and irregularities.

This information is not available in the form requested. To try to provide comprehensive information over a reasonable time period would involve disproportionate cost.

To ask the Secretary of State for Trade and Industry whether the individuals criticised in the inspectors' report on Bryanston can still carry out company audits.

In respect of accountants, yes, except for Mr. Keith Cunningham whose membership of the Institute of Chartered Accountants in England and Wales has lapsed. The accountancy firm involved was required to pay costs of £273,000 and reprimanded under the joint disciplinary scheme.