Small Businesses: Audit
The question
To ask the Secretary of State for Business and Trade, what steps his Department is taking to ensure audit requirements are accessible and affordable for small and mid-sized quoted companies.
Answered by Blair McDougall
The government has announced plans to modernise and simplify the corporate reporting framework and expects to publish its Modernising Corporate Reporting consultation shortly. The consultation will consider financial, non-financial, remuneration and corporate governance reporting, as well as proposals to reduce burdens on business and to simplify the preparation and audit of accounts and reports, including for quoted companies. The consultation will also consider the appropriateness of the UK’s framework for reporting and auditing by small and medium-sized companies.
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →