§ Mr. Neil Hamilton
When the supervisory bodies for company auditors were granted recognition under the Companies Act 1989, it was agreed with them that they would review jointly with my Department this year the operation of their procedures for monitoring compliance by their members with their rules.
I have, therefore, asked the bodies to report to me on how their monitoring regimes have been operating, and to propose changes for the future.
I have also asked Professor Peter Moizer, Professor of Accounting at the university of Leeds, to provide me with an independent assessment of the state of monitoring.
I intend to publish the conclusions of the review early next year.