Written Question·Department for Business and Trade·UIN 61382
Small Businesses: Audit
Tabled: 19 June 2025
Answered: 27 June 2025
Question
Luke Murphy
Labour — Basingstoke
To ask the Secretary of State for Business and Trade, what steps his Department is taking to help ensure the (a) accessibility and (b) affordability of audit requirements for small and mid-sized quoted companies.
Answer
Justin MaddersAudit standards for UK companies are adopted and set by the Financial Reporting Council (FRC), with reference to internationally-agreed standards. The Government is aware of concerns about the cost and availability of high-quality audit for smaller quoted...
ⓘ
This is an extract from the Parliament API. Search the full answer on Parliament.uk (UIN 61382) →