Question to the Department for Business, Energy and Industrial Strategy:

To ask Her Majesty's Government, further to the letter by the Secretary of State for the Department of Business, Energy and Industrial Strategy to Sir John Kingman, chairman of the Review of the audit regulator, on 8 October asking for the scope of the Independent Review of the Financial Reporting Council to be extended, whether additional resources have been provided or requested to assist in the completion of that investigation.

Sir John Kingman asked not to receive a fee for his role undertaking the independent Review of the Financial Reporting Council. Members of the Review’s Advisory Group are also not remunerated for their involvement.

The additional request to Sir John Kingman to provide his thoughts alongside the Review on whether there is any case for change in the way in which audits are procured and audit fees are set will be accommodated in existing costs and allocated resources.