To ask the Secretary of State for Trade and Industry if he will list the inspectors' reports which have been passed to the Institute of Chartered Accountants in England and Wales, with the date on which each report was passed to the institute.
The information requested is as follows, updating the reply I gave to the hon. Member on 3 July 1991, Official Report, column 160:The inspections into British Anzani and Graylaw Holdings Ltd. were linked and cost information is only available for the combined investigation.
|Company name||Cost (£)|
|Bryanston Finance Ltd. (now Ramor Investments Ltd.)||760,301|
|British Anzani plc||474,045|
|Graylaw Holdings Ltd.|
|Blue Arrow plc||3,569,800|
|The Bestwood plc||2,709,446|
|BOM Holdings plc||1,185,343|
To ask the Secretary of State for Trade and Industry how many of his Department's inspectors' reports published since 1979 contain evidence of audit failures.
I refer the hon. Member to replies I gave on 19 December 1989 Official Report, column 138 and 139, 21 February 1990 Official Report, column 789 and 26 October 1990 Official Report, column 328. Four inspectors' reports have since been published which contain criticism of auditing firms:
|Name of company||Date of publication||Name of accountants|
|Aldermanbury Trust plc||20 March 1991||Levy Gee|
|South Diffusion plc||1 May 1991||Spicer and Peglar, Gibraltar|
|Rotaprint plc||24 July 1991||Arthur Young Ernst and Whinney|
|The Milford Docks Company||16 January 1992||Coopers and Lybrand|