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Auditing

Volume 205: debated on Friday 13 March 1992

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To ask the Secretary of State for Trade and Industry whether he has plans to propose legislation under which auditing firms would be prevented from designing tax avoidance schemes for their clients and then auditing the same.

No. The provision by auditors of other services to their clients is a matter that is best dealt with by professional rules of conduct.

To ask the Secretary of State for Trade and Industry (1) if he will propose regulations to impose an obligation on the supervisory bodies listed by him in his answer of 22 November, Official Report, column 346,, to allow the public to have access to the minutes of those bodies.(2) if he will propose regulations to impose an obligation on the supervisory bodies listed by him in his answer of 22 November,

Official Report, column 346, to give the public a right of admission to their council meetings.

To ask the Secretary of State for Trade and Industry whether he will introduce legislation to define the expression "true and fair" in audit reports.