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

To ask the Secretary of State for Business, Energy and Industrial Strategy, when she plans to put the Audit, Reporting and Governance Authority on a statutory basis.

The Government is committed to putting the Audit, Reporting and Governance Authority on a statutory basis as soon as Parliamentary time allows. This will be part of an overall and comprehensive programme of reform taking account of the CMA’s findings and in response to what Sir Donald Brydon may recommend in his Independent Review on the quality and effectiveness of audit.