TS HAD FRONT row seats for the House of Lords audit inquiry press conference, and it was a worthy way to spend an hour.
Lord MacGregor’s cheery disposition was the perfect foil to Lord Lawson’s dour delivery; he held forth with never so much as a wry smile, and the ex-chancellor was particularly humourless on the subject of his much lauded auditor-regulator dialogue reform.
That all changed, however, when TS asked Lawson whether companies would be reluctant to seek second-tier firm advice on risk committees.
“They can hardly be more reluctant than they are now”, he shot back, before stumping out of the room with the ghost of a smile on his lips.
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