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

To ask Her Majesty's Government, further to the report by the Competition and Markets Authority Statutory audit services market study: Update paper, published on 18 December, what plans they have, if any, to implement greater regulatory scrutiny of auditors to improve competition in the accounting industry.

The Competition and Markets Authority (CMA) update paper is an interim report and consultation paper. It is for the CMA, as an independent competition body, to assess responses to this paper before making its final report. The Government looks forward to the CMA’s final report, to be published in due course.