The speech included reference to the draft company law reform bill, which is designed to make it easier for start-up companies, and will include the long-delayed recommendations of the independent Company Law Review.
A DTI spokeswoman said that the bill would still make a suitable legislative vehicle for proportionate liability ‘should a consensus be reached on the issue’.
Auditors are hopeful that the government will make a positive announcement on the liability issue early in the New Year.
The only stumbling block is the likelihood of a General Election in the summer, which, when called, would kill any bills going through parliament. Should this occur, a more finalised version of the bill would appear after the election, if Labour is returned to power.
UK senior partner Phil Verity has been elected for a second term at Mazars
An audit partner has been appointed at Grant Thornton in its North West offices
KPMG has been appointed with “immediate” effect as the auditor of Dorcaster
The audit for Ibstock will be taken over by Deloitte following a competitive tender process