Small Businesses: Audit

Summary

To ask the Secretary of State for Business and Trade, what steps the Department is taking to ensure audit requirements are (a) accessible and (b) affordable for small and mid-sized quoted companies.

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Timeline

1. 12 September 2024

   Written question

   To ask the Secretary of State for Business and Trade, what steps the Department is taking to ensure audit requirements are (a) accessible and (b) affordable for small and mid-sized quoted companies.

   Source: Commons

2. 11 October 2024

   Answer

   Audit standards for UK companies are adopted and set by the Financial Reporting Council (FRC), with reference to internationally-agreed standards. The law sets other requirements, such as which companies require audit.The Government will publish a draft A...

   Source: Written answer

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• · Department for Business and Trade · Answering body

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