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Competition In The UK Audit Market

EDM number 2576 in 2005-06, proposed by Austin Mitchell on 17/07/2006.

That this House urges the Government to enhance competition in the UK audit market by breaking up the audit cartel operated by PricewaterhouseCoopers, KPMG, Deloitte and Ernst & Young by ensuring that no firm audits more than 10 per cent. of the FTSE 500 companies, by prohibiting auditors from selling non-auditing services to audit clients, by awarding public audits and consultancy contracts to medium-size firms, by encouraging joint audits, by compulsory rotation of audit firms and tendering of audits every five years, by curtailing the power of the Big Four firms on audit rulemaking bodies and by making their operations transparent and accountable to the public.

This motion has been signed by a total of 26 MPs.

Austin Mitchell17/07/2006Great GrimsbyLabourProposed
Andrew Dismore18/07/2006HendonLabourSeconded
Linda Riordan18/07/2006HalifaxLabourSeconded
Andrew George18/07/2006St IvesLiberal DemocratSeconded
Lynne Jones18/07/2006Birmingham, Selly OakLabourSeconded
Ann Cryer18/07/2006KeighleyLabourSeconded
Paul Holmes19/07/2006ChesterfieldLiberal DemocratSigned
Kelvin Hopkins19/07/2006Luton NorthLabourSigned
Alasdair McDonnell19/07/2006Belfast SouthSocial Democratic and Labour PartySigned
Harry Cohen19/07/2006Leyton and WansteadLabourSigned
David Drew19/07/2006StroudLabourSigned
David Taylor19/07/2006North West LeicestershireLabourSigned
David Hamilton20/07/2006MidlothianLabourSigned
Mike Hancock20/07/2006Portsmouth SouthLiberal DemocratSigned
Rob Marris20/07/2006Wolverhampton South WestLabourSigned
John Pugh24/07/2006SouthportLiberal DemocratSigned
John McDonnell24/07/2006Hayes and HarlingtonLabourSigned
Clive Efford24/07/2006ElthamLabourSigned
Fraser Kemp25/07/2006Houghton and Washington EastLabourSigned
Hywel Williams25/07/2006CaernarfonPlaid CymruSigned
Derek Wyatt25/07/2006Sittingbourne and SheppeyLabourSigned
Adam Price09/10/2006Carmarthen East and DinefwrPlaid CymruSigned
Lorely Burt09/10/2006SolihullLiberal DemocratSigned
Katy Clark09/10/2006North Ayrshire and ArranLabourSigned
Alan Simpson12/10/2006Nottingham SouthLabourSigned
Brian Jenkins19/10/2006TamworthLabourSigned

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