Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty's Government what plans they have to implement the recommendations of Sir Donald Brydon’s Independent Review into the Quality and Effectiveness of Audit, published in December 2019.
We have had three independent reviews on aspects of audit: Sir Donald Brydon’s review, Sir John Kingman’s review of the Financial Reporting Council, and the CMA’s market study of statutory audit. The Government is committed to acting on their recommendations, including legislating to create a stronger regulator as soon as parliamentary time allows, and will publish proposals in the coming months.