Select Committee · Business, Innovation, Science and Trade Committee

Future of audit inquiry

Status: Closed Opened: 8 Nov 2018 Closed: 8 Nov 2018 1 report
Inquiry scopeThis inquiry will focus on the likely impact of the CMA market study and the review of the FRC (by Sir John Kingman) in improving quality and competition in the audit market and reducing conflicts of interest. The Committee intends to feed into the CMA study and ensure audit reform is linked to coherent reform of the wider corporate governance agenda.

Reports

1 report

Oral evidence sessions

6 sessions

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Date Session and witnesses Source
13 Mar 2019 No witnesses recorded View ↗
5 Feb 2019 No witnesses recorded View ↗
4 Feb 2019 No witnesses recorded View ↗
30 Jan 2019 No witnesses recorded View ↗
23 Jan 2019 No witnesses recorded View ↗
15 Jan 2019 No witnesses recorded View ↗

Correspondence

19 letters

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PublishedDirectionLetter
15 Oct 2019 To committee Letter from Secretary of State to Chair, regarding the Government's programme of audit reform - dated 7 October 2019
15 Oct 2019 To committee Letter from Sir John Kingman to the Chair on the reform of the Financial Reporting Council, 15 October 2019
15 Oct 2019 To committee Letter from the Secretary of State to the Chair on the Small Business Commissioner, 15 October 2019
3 Jul 2019 To committee Letter from the Secretary of State to Chair regarding the future of audit - dated 27 June 2019
4 Apr 2019 To committee Letter from the Chair to Chief Executive of the Financial Reporting Council, regarding KPMG independent review, dated 2 April 2019
1 Apr 2019 Supplementary information from FRC
1 Apr 2019 To committee Letter from PWC to Chair regarding additional information - dated 06.03.19
1 Apr 2019 To committee Letter from KPMG to Chair regarding further information request - dated 06.03.19
1 Apr 2019 To committee Letter from FRC to Chair regarding whistleblowing - dated 22.03.19
1 Apr 2019 To committee Letter from FRC to Chair regarding powers - dated 05.03.19
1 Apr 2019 To committee Letter from FRC to Chair regarding hospitality - dated 22.03.19
1 Apr 2019 To committee Letter from Ernst & Young to Chair regarding additional information request - dated 06.03.19
1 Apr 2019 To committee Letter from Deloitte to Chair regarding Future of Audit inquiry: additional responses - dated 6 March 2019
20 Feb 2019 From committee Letter to Chair from David Dunckley, CEO of Grant Thornton, 7 February 2019
20 Feb 2019 From committee Letter to Stephen Haddrill, Chief Executive of Financial Reporting Council from Chair, 15 February 2019
18 Feb 2019 To committee Letter from the Chair to David Sproul Deloitte on future of audit inquiry dated 13 February 2019
18 Feb 2019 To committee Letter from the Chair to Steve Varley EY on future of audit inquiry, dated 13 February 2019
18 Feb 2019 To committee Letter from the Chair to Bill Michael KMPG on future of audit inquiry, dated 13 February 2019
18 Feb 2019 To committee Letter from the Chair to Kevin Ellis PwC on future of audit inquiry, dated 13 February 2019