Audit: Reform
(asked on 1st February 2023) - View Source
Question to the Department for Business, Energy and Industrial Strategy:
To ask His Majesty's Government when they intend to publish the draft Audit Reform Bill.
This question was answered on 8th February 2023
The Government published its Response to the White Paper, ‘Restoring Trust in Audit and Corporate Governance’ on 31 May 2022. The Response stated that the reforms will be delivered by a variety of mechanisms. This includes changes already made by the regulator and by Ministerial Direction. The Government is committed to legislating when Parliamentary time allows.