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Audit Of Auditors

EDM number 684 in 2001-02, proposed by Austin Mitchell on 18/01/2002.

That this House expresses its concern at the failure of auditors to control the off-balance sheet and other activities which led to the collapse of Enron and the similar audit failures in such British companies as Queens Moat House Hotels, BCCI, Barings, Schroders, Equitable Life, Independent Insurance, Resort Hotels, Versailles, Transtec, British and Commonwealth, Wickes, Polly Peck, Maxwell and many others; and urges the Government to prohibit the sale of non-audit services to audit clients in view of the collusive dependence this generates between auditor and company and the incentive it provides to debase the audit by using it as a loss leader to sell other services to the audit client, and to limit the term of years an auditor can be appointed to a company.

This motion has been signed by a total of 42 MPs.

Austin Mitchell18/01/2002Great GrimsbyLabourProposed
Jim Cousins18/01/2002Newcastle upon Tyne CentralLabourSeconded
Kevin McNamara21/01/2002Kingston upon Hull NorthLabourSigned
Harry Barnes21/01/2002North East DerbyshireLabourSigned
Bob Russell21/01/2002ColchesterLiberal DemocratSigned
Lynne Jones22/01/2002Birmingham, Selly OakLabourSigned
Nigel Jones22/01/2002CheltenhamLiberal DemocratSigned
Elfyn Llwyd22/01/2002Meirionnydd Nant ConwyPlaid CymruSigned
John Cummings22/01/2002EasingtonLabourSigned
David Taylor22/01/2002North West LeicestershireLabour Co-operativeSigned
Ronnie Campbell23/01/2002Blyth ValleyLabourSigned
Andrew George23/01/2002St IvesLiberal DemocratSigned
Vincent Cable23/01/2002TwickenhamLiberal DemocratSigned
Tom Brake24/01/2002Carshalton & WallingtonLiberal DemocratSigned
Jeremy Corbyn24/01/2002Islington NorthLabourSigned
David Drew24/01/2002StroudLabour Co-operativeSigned
Mark Lazarowicz25/01/2002Edinburgh North & LeithLabour Co-operativeSigned
Andrew Dismore25/01/2002HendonLabourSigned
Derek Wyatt28/01/2002Sittingbourne & SheppeyLabourSigned
Paul Flynn28/01/2002Newport WestLabourSigned
Ian Davidson28/01/2002Glasgow, PollokLabour Co-operativeSigned
Russell Brown28/01/2002DumfriesLabourSigned
Colin Breed28/01/2002South East CornwallLiberal DemocratSigned
Ann Cryer28/01/2002KeighleyLabourSigned
Kelvin Hopkins29/01/2002Luton NorthLabourSigned
Michael Clapham29/01/2002Barnsley West & PenistoneLabourSigned
Harold Best29/01/2002Leeds North WestLabourSigned
Rob Marris30/01/2002Wolverhampton South WestLabourSigned
Edward O'Hara30/01/2002Knowsley SouthLabourSigned
Denzil Davies30/01/2002LlanelliLabourSigned
Bill Etherington31/01/2002Sunderland NorthLabourSigned
John Barrett31/01/2002Edinburgh WestLiberal DemocratSigned
Jim Dobbin31/01/2002Heywood & MiddletonLabour Co-operativeSigned
Win Griffiths05/02/2002BridgendLabourSigned
Nick Harvey06/02/2002North DevonLiberal DemocratSigned
Terry Davis12/02/2002Birmingham, Hodge HillLabourSigned
Matthew Green12/02/2002LudlowLiberal DemocratSigned
Rudi Vis13/02/2002Finchley & Golders GreenLabourSigned
Brian White25/02/2002North East Milton KeynesLabourSigned
Alan Simpson07/03/2002Nottingham SouthLabourSigned
Tony McWalter11/04/2002Hemel HempsteadLabour Co-operativeSigned
John Austin23/04/2002Erith & ThamesmeadLabourSigned

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