PracticeAuditScrap the Audit Commission, MP urges government

Scrap the Audit Commission, MP urges government

Tory MP urges government to bring back old-fashioned audits that can be questioned in the Commons

houses parliament

The government has been urged to scrap the Audit Commission and bring back
old-fashioned audits that can be questioned in the Commons.

The demand was made in a special Commons Westminster Hall debate called by
Tory MP Ian Liddell-Grainger to complain that the commission has moved too far
from regulatory audits to value-for-money exercises. He dismissed these as
little more than local authorities themselves ‘ticking boxes’ to win ‘stars’ for
their performance.

He told Accountancy Age: ‘No one is doing what I regard as “proper
auditing” and checking that what is reported is actually what is happening.’

Liddell-Grainger wanted a return to a system supervised by ministers, able to
be questioned in the Commons, under which an auditor inspected a local
authority’s books and held hearings on any complaints which were raised if he
considered them serious enough to warrant it.

An Audit Commission spokeswoman said audit appointments were independent and,
under principle, auditors should look at value for money.

Related Articles

PwC replaces EY as Domino's auditor

Audit PwC replaces EY as Domino's auditor

4d Alia Shoaib, Reporter
The ‘uncomfortable truth’ behind FRC’s Big Four fines recommendations

Audit The ‘uncomfortable truth’ behind FRC’s Big Four fines recommendations

1w Carl Johnson, Stephensons
BDO holds off Big Four to retain top position as AIM auditor

Audit BDO holds off Big Four to retain top position as AIM auditor

2w Alia Shoaib, Reporter
FRC urged to fine Big Four firms penalties over £10m

Audit FRC urged to fine Big Four firms penalties over £10m

3w Alia Shoaib, Reporter
EY to audit Standard Chartered bank

Audit EY to audit Standard Chartered bank

1m Alia Shoaib, Reporter
KPMG replaces PwC as Croda auditor

Accounting Firms KPMG replaces PwC as Croda auditor

2m Emma Smith, Managing Editor
EY fined £1.8m over Tech Data audit

Accounting Standards EY fined £1.8m over Tech Data audit

2m Emma Smith, Managing Editor
Top 50+50: Firms post significant growth in new tax and audit rankings

Audit Top 50+50: Firms post significant growth in new tax and audit rankings

2m Emma Smith, Managing Editor