Written Question·Department for Business and Trade·UIN 39414

Public Sector: Infrastructure

Tabled: 19 March 2025

Answered: 24 March 2025

Named Day

Question

Mary Glindon

Labour — Newcastle upon Tyne East and Wallsend

To ask the Secretary of State for Business and Trade, if he will make an assessment of the potential (a) costs and (b) merits of making internal audit functions a mandatory requirement for all contractors delivering public sector infrastructure projects.

Answer

Justin Madders

The Government announced that it would publish a draft audit reform and corporate governance bill in the King’s Speech, which is expected to include extending enhanced Public Interest Entity audit requirements to very large private companies. The financia...

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