Independence Of Auditors (EDM564)

Independence Of Auditors

EDM number 564 in 2000-01, proposed by Austin Mitchell on 09/04/2001.

That this House, is concerned by the revelations of the belated DTI report on the Maxwell case, and by the long line of other investigations all of which have asked 'Where were the auditors?' in cases of failures and fraud; believes that it is now time to ensure proper independent regulation of auditing to make it a system of independent and effective invigilation of companies; and urges Her Majesty's Government while preparing these independent structures to introduce immediate legislation to require firstly that auditors are prohibited from selling other services to companies they audit, so as to prevent the development of a dependent or collusive relationship between auditors and those currently running companies, particularly the chief executive, and second that the auditors of multi-national companies are changed at regular intervals to ensure a fresh pair of eyes on the company's affairs and prevent the kind of collusive relationships, which existed in such major frauds such as BCCI, Maxwell and host of other company scandals.

This motion has been signed by a total of 44 MPs.

MP	Date	Constituency	Party	Type
Austin Mitchell	09/04/2001	Great Grimsby	Labour	Proposed
Jim Cousins	09/04/2001	Newcastle upon Tyne Central	Labour	Signed
Alice Mahon	10/04/2001	Halifax	Labour	Signed
Vincent Cable	10/04/2001	Twickenham	Liberal Democrat	Signed
Jeremy Corbyn	10/04/2001	Islington North	Labour	Signed
Bill Etherington	10/04/2001	Sunderland North	Labour	Signed
Norman Godman	10/04/2001	Greenock & Inverclyde	Labour	Signed
Harry Barnes	10/04/2001	North East Derbyshire	Labour	Signed
David Taylor	10/04/2001	North West Leicestershire	Labour Co-operative	Signed
Dennis Skinner	10/04/2001	Bolsover	Labour	Signed
Ann Cryer	23/04/2001	Keighley	Labour	Signed
Rudi Vis	23/04/2001	Finchley & Golders Green	Labour	Signed
Norman Baker	23/04/2001	Lewes	Liberal Democrat	Signed
Ian Davidson	23/04/2001	Glasgow, Pollok	Labour Co-operative	Signed
Lawrence Cunliffe	23/04/2001	Leigh	Labour	Signed
Lynne Jones	23/04/2001	Birmingham, Selly Oak	Labour	Signed
Phil Sawford	23/04/2001	Kettering	Labour	Signed
Derek Wyatt	24/04/2001	Sittingbourne & Sheppey	Labour	Signed
Betty Williams	24/04/2001	Conwy	Labour	Signed
Desmond Turner	24/04/2001	Brighton, Kemptown	Labour	Signed
Joe Ashton	24/04/2001	Bassetlaw	Labour	Signed
Eric Clarke	24/04/2001	Midlothian	Labour	Signed
Michael Clapham	24/04/2001	Barnsley West & Penistone	Labour	Signed
Colin Breed	24/04/2001	South East Cornwall	Liberal Democrat	Signed
Jackie Lawrence	24/04/2001	Preseli Pembrokeshire	Labour	Signed
Piara S Khabra	24/04/2001	Ealing, Southall	Labour	Signed
Alan Simpson	24/04/2001	Nottingham South	Labour	Signed
David Chidgey	24/04/2001	Eastleigh	Liberal Democrat	Signed
Harold Best	25/04/2001	Leeds North West	Labour	Signed
Robert Wareing	25/04/2001	Liverpool, West Derby	Labour	Signed
Michael Connarty	25/04/2001	Falkirk East	Labour	Signed
Bill Michie	25/04/2001	Sheffield, Heeley	Labour	Signed
Richard Livsey	25/04/2001	Brecon & Radnorshire	Liberal Democrat	Signed
Paul Keetch	25/04/2001	Hereford	Liberal Democrat	Signed
Kelvin Hopkins	25/04/2001	Luton North	Labour	Signed
Simon Hughes	26/04/2001	North Southwark & Bermondsey	Liberal Democrat	Signed
Andrew Stunell	26/04/2001	Hazel Grove	Liberal Democrat	Signed
Brian White	26/04/2001	North East Milton Keynes	Labour	Signed
Frank Cook	27/04/2001	Stockton North	Labour	Signed
Tony Colman	30/04/2001	Putney	Labour	Signed
Mike Hancock	30/04/2001	Portsmouth South	Liberal Democrat	Signed
John Gunnell	02/05/2001	Morley & Rothwell	Labour	Signed
Janet Dean	03/05/2001	Burton	Labour	Signed
John Austin	03/05/2001	Erith & Thamesmead	Labour	Signed

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