PracticeAuditTreasury pushed to answer Sharman

Treasury pushed to answer Sharman

Tory peer Baroness Noakes has thrown her weight behind the Sharman report on central government accoutability, demanding a response from the Treasury.

Speaking in the House of Lords last week, the former president of the ICAEW complained about the lack of a reply to Lord Sharman’s report, which called for increased powers for the National Audit Office.

‘It would appear that they [the government] have sat on their hands,’ Baroness Noakes said during the Lords debate on the European Court of Auditors.

‘That is not good enough,’ the baroness said, adding: ‘The issues are straightforward and have been in the public arena for many years.’

The attack forced government spokesman Lord McIntosh of Haringey to tell the Lords that the government would give its response to the Sharman report ‘in a few weeks’, and not, as the baroness had complained, ‘in due course’.

Noakes, as Dame Sheila Masters, was a senior partner at KPMG when Lord Sharman was the firm’s global chief.

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