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Answering member
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Lord Sassoon
Type
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Answering member
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Sassoon, Lord (38)
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To ask Her Majesty’s Government what assessment they have made of the statement by the Governor of the Bank of England in Cardiff on 24 October that United Kingdom banks require a further significant writing down of asset values and recapitalisation; and whether they will launch an independent investigation into...
To ask Her Majesty’s Government what assessment they have made of the statement by the Governor of the Bank of England in Cardiff on 24 October that United Kingdom banks require a further significant writing down of asset values and recapitalisation; and whether they will launch an independent investigation into...
Asked by
Lord Myners
(Labour)
Answered by
Lord Sassoon
(Conservative)
Type
Written questions
Status
Answered
Answered on
8 November 2012
The Memorandum of Understanding between HM Treasury, the Bank of England and the Financial Services Authority (FSA) sets out a framework for co-operation between the three authorities in the field of financial stability.
The bank's responsibilities include maintaining the stability of the monetary and financial systems. Financial stability will be achieved through the Financial Policy Committee which will be an independent body responsible for macroprudential supervision. The FSA is also an independent body and is responsible for microprudential supervision.
Assessments of asset valuation and price-to-book ratios of individual firms would, therefore, fall within the competence of these authorities. The Treasury is responsible for the overall institutional structure of financial regulation and the legislation which governs it and has no operational responsibility for the activities of the FSA and the bank.
Regarding the role of auditors in the crisis, the House of Commons Treasury Select Committee concluded that:
“[they had] received very little evidence that auditors failed to fulfil their duties as currently stipulated. The fact that some banks failed soon after receiving unqualified audits does not necessarily mean that these audits were deficient”.
Subjects
Audit; Assets; Banks; Valuation
Date
8 November 2012
Reference
740 cc220-1WA; HL2867
House
House of Lords
To ask Her Majesty’s Government how many times in each of the past five years (1) British Airways, (2) easyJet, (3) Virgin Atlantic, (4) United Airlines, and (5) Ryanair, have been audited in respect of collection and payment of air passenger duty.[HL1502]
To ask Her Majesty’s Government how many times in each of the past five years (1) British Airways, (2) easyJet, (3) Virgin Atlantic, (4) United Airlines, and (5) Ryanair, have been audited in respect of collection and payment of air passenger duty.[HL1502]
Asked by
Lord Monks
(Labour)
Answered by
Lord Sassoon
(Conservative)
Type
Written questions
Status
Answered
Answered on
19 July 2012
I refer the noble Lord to the answer I gave on 3 July (Official Report, col. WA 134). Airlines are audited on a rolling basis, in line with many of the other taxes managed by HM Revenue and Customs (HMRC).
The frequency of these audits for individual airlines is subject to HMRC rules on taxpayer confidentiality.
Subjects
Audit; Air passenger duty; British Airways; EasyJet; Ryanair; Virgin Atlantic Airways; United Airlines
Date
19 July 2012
Reference
739 c71WA; HL1502
House
House of Lords
To ask Her Majesty’s Government what procedures they have in place to audit air passenger duty payments made to them by airlines.[HL931]
To ask Her Majesty’s Government what procedures they have in place to audit air passenger duty payments made to them by airlines.[HL931]
Asked by
Lord Monks
(Labour)
Answered by
Lord Sassoon
(Conservative)
Type
Written questions
Status
Answered
Answered on
3 July 2012
Airline operators registered for air passenger duty (APD) are audited on a rolling basis, in line with many of the other taxes managed by HM Revenue and Customs (HMRC).
A number of factors are taken into account when determining the frequency of the audits. These include the complexity and size of the business, its past and current compliance history and general passenger number data, which airports are required to provide on request.
HMRC's management of APD is open to audit by the National Audit Office.
Subjects
Audit; Air passenger duty
Date
3 July 2012
Reference
HL931; 738 c134WA
House
House of Lords
To ask Her Majesty's Government, further to the Written Answer by Lord Sassoon on 12 March (WA 19), by whom the National Loan Guarantee Scheme will be ““independently audited””.
To ask Her Majesty's Government, further to the Written Answer by Lord Sassoon on 12 March (WA 19), by whom the National Loan Guarantee Scheme will be ““independently audited””.
Asked by
Lord Myners
(Labour)
Answered by
Lord Sassoon
(Conservative)
Type
Written questions
Status
Answered
Answered on
21 March 2012
The audit arrangements for the national loan guarantee scheme have not yet been finalised. Decisions will be made consistent with normal government procedure and value for money principles.
Subjects
Audit; Banks; Government assistance; Loans; Small businesses
Date
21 March 2012
Reference
16422; 736 c176WA
House
House of Lords
To ask Her Majesty’s Government what discussions they have held with the accountancy firms auditing every company in the FTSE 100 regarding the adequacy of reserves in respect of banks that have sovereign and bank debts with Eurozone countries.
To ask Her Majesty’s Government what discussions they have held with the accountancy firms auditing every company in the FTSE 100 regarding the adequacy of reserves in respect of banks that have sovereign and bank debts with Eurozone countries.
Asked by
Lord Barnett
(Labour)
Answered by
Lord Sassoon
(Conservative)
Type
Written questions
Status
Answered
Answered on
25 October 2011
The Financial Services Authority holds regular discussions with all the major accounting firms, including on issues such as the appropriate application of accounting standards.
Subjects
Audit; Banks; Finance; Economic and monetary union; Public sector debt
Date
25 October 2011
Reference
12437; 731 c123WA
House
House of Lords
To ask Her Majesty’s Government what proportion of the United Kingdom contribution to the European Union Budget has been signed off by the Court of Auditors over the last 16 years.
To ask Her Majesty’s Government what proportion of the United Kingdom contribution to the European Union Budget has been signed off by the Court of Auditors over the last 16 years.
Asked by
Lord Campbell of Alloway
(Conservative)
Answered by
Lord Sassoon
(Conservative)
Oral questions - Lead
Status
Answered
Procedure
Topical questions (HL)
For answer on
28 April 2011
Answered on
28 April 2011
My Lords, the UK contributes to the EU budget as a whole, not to individual spending programmes. Therefore, data on UK contributions to the EU budget not signed off by the Court of Auditors are unavailable. However, the recurrent failure to achieve a positive audit opinion from the court on EU’s accounts is unacceptable. The Government set out recommendations to improve EU financial management and transparency at ECOFIN in February this year.
Subjects
Audit; Accountancy; Contributions; EU budget; European Court of Auditors
Date
28 April 2011
Reference
727 c238
Chamber / Committee
House of Lords chamber
House
House of Lords
My Lords, the UK contributes to the EU budget as a whole, not to individual spending programmes. Therefore, data on UK contributions to the EU budget not signed off by the Court of Auditors are unavailable. However, the recurrent failure to achieve a positive audit opinion from the court on EU’s accounts is unacceptable. The Government set out recommendations to improve EU financial management and transparency at ECOFIN in February this year.
My Lords, the UK contributes to the EU budget as a whole, not to individual spending programmes. Therefore, data on UK contributions to the EU budget not signed off by the Court of Auditors are unavailable. However, the recurrent failure to achieve a positive audit opinion from the court on EU’s accounts is unacceptable. The Government set out recommendations to improve EU financial management and transparency at ECOFIN in February this year.
Answered by
Lord Sassoon
(Conservative)
Asked by
Lord Campbell of Alloway
(Conservative)
Type
Oral answers to questions
To ask Her Majesty’s Government what proportion of the United Kingdom contribution to the European Union Budget has been signed off by the Court of Auditors over the last 16 years.
Subjects
Audit; Accountancy; Contributions; EU budget; European Court of Auditors
Date
28 April 2011
Reference
727 c238
Chamber / Committee
House of Lords chamber
House
House of Lords
Again, I completely agree. That is precisely why the other two of the three key points made in the joint statement at the February ECOFIN were about greater member state responsibility for items of expenditure and greater transparency. Therefore, I think that we have already identified the three key areas where improvement needs to be made and needs to be made quickly.
Again, I completely agree. That is precisely why the other two of the three key points made in the joint statement at the February ECOFIN were about greater member state responsibility for items of expenditure and greater transparency. Therefore, I think that we have already identified the three key areas where improvement needs to be made and needs to be made quickly.
Answered by
Lord Sassoon
(Conservative)
Asked by
Lord Marlesford
(Conservative)
Type
Oral answers to questions
My Lords, did not my noble friend's earlier answer, when he described how information was not available, give a bit of a clue as to one way in which we can make progress? Would it not be much more satisfactory if there were full details of any failure properly to account for national expenditures in the EU budget? In that way we would at least know who was not doing things properly, by how much and when, and that shaming could have some role in getting people to behave better.
Subjects
Audit; Accountancy; Contributions; EU budget; European Court of Auditors
Date
28 April 2011
Reference
727 c239
Chamber / Committee
House of Lords chamber
House
House of Lords
My Lords, I am happy to say that we are already on the case in this matter. At the ECOFIN in February, the UK issued a joint statement with the Netherlands and Sweden making various points about what we believed needed to be done by the European Commission and the auditors in coming years. That included, among other things, moving the European audit basis to a more risk-based approach, which I think precisely addresses the point that the noble Lord rightly brings up.
My Lords, I am happy to say that we are already on the case in this matter. At the ECOFIN in February, the UK issued a joint statement with the Netherlands and Sweden making various points about what we believed needed to be done by the European Commission and the auditors in coming years. That included, among other things, moving the European audit basis to a more risk-based approach, which I think precisely addresses the point that the noble Lord rightly brings up.
Answered by
Lord Sassoon
(Conservative)
Asked by
Lord Tomlinson
(Labour)
Type
Oral answers to questions
Is the noble Lord aware that, just before he retired, the former Comptroller and Auditor-General of the United Kingdom, Sir John Bourn, said that if he had to apply to the expenditure accounts of the United Kingdom the system for audit employed in the European Union, he would refuse to give a positive assurance on any of those accounts because the real problem with the statement of assurance in the European Union is the statistical basis on which that audit is conducted? Will the noble Lord undertake to look at that question and to see whether, if one ever wants to get a clean audit, it is appropriate to try to initiate a reform of the statistical base of the statement of assurance?
Subjects
Audit; Accountancy; Contributions; EU budget; European Court of Auditors
Date
28 April 2011
Reference
727 c238-9
Chamber / Committee
House of Lords chamber
House
House of Lords
My Lords, I think that the answer to that lies on the Benches opposite. If we want to get into history, the previous Government in 2005 gave away a substantial part of the UK’s abatement and signed on to a financial perspective that set a course of significantly increasing EU expenditure. If, instead, they had worried more about the management of the funds that were going out from Europe rather than merely signing on to an ever-increasing UK contribution to an expanding budget, we would not be in the position that we are in today.
My Lords, I think that the answer to that lies on the Benches opposite. If we want to get into history, the previous Government in 2005 gave away a substantial part of the UK’s abatement and signed on to a financial perspective that set a course of significantly increasing EU expenditure. If, instead, they had worried more about the management of the funds that were going out from Europe rather than merely signing on to an ever-increasing UK contribution to an expanding budget, we would not be in the position that we are in today.
Answered by
Lord Sassoon
(Conservative)
Asked by
Countess of Mar
(Crossbench)
Type
Oral answers to questions
My Lords, I recall some 20 years ago the late Lord Bruce of Donington asking very much the same questions repeatedly. Can the Minister say why it is taking so long to resolve this problem?
Subjects
Audit; Accountancy; Contributions; EU budget; European Court of Auditors
Date
28 April 2011
Reference
727 c240
Chamber / Committee
House of Lords chamber
House
House of Lords
I am grateful to my noble friend for once again drawing attention to the unacceptable situation that we face with regard to the European audit. I think that he puts his finger on one of the key issues, which is that we need to work towards a much simpler and more transparent regime. If the rules around the various European expenditure programmes were made less complex, it would be much easier for member states to comply with those rules. It is very much on that practical aspect of the regime that my honourable friend the Economic Secretary is working with the Audit Commissioner, others in Brussels and member states to make sure that we move to a simpler, clearer and more auditable regime.
I am grateful to my noble friend for once again drawing attention to the unacceptable situation that we face with regard to the European audit. I think that he puts his finger on one of the key issues, which is that we need to work towards a much simpler and more transparent regime. If the rules around the various European expenditure programmes were made less complex, it would be much easier for member states to comply with those rules. It is very much on that practical aspect of the regime that my honourable friend the Economic Secretary is working with the Audit Commissioner, others in Brussels and member states to make sure that we move to a simpler, clearer and more auditable regime.
Answered by
Lord Sassoon
(Conservative)
Asked by
Lord Campbell of Alloway
(Conservative)
Type
Oral answers to questions
I thank the noble Lord for his explanatory exposition of this aspect of the unacceptable, on which we have not spoken previously. I merely seek to establish a transparent, independent regime and to deal with the problem of inclusion in the budget of expenditure which has been signed off in the accounts by the Court of Auditors. Perhaps I may ask a short question. Is it not a relevant consideration in the ongoing negotiations to seek to establish an acceptable regime?
Subjects
Audit; Accountancy; Contributions; EU budget; European Court of Auditors
Date
28 April 2011
Reference
727 c238
Chamber / Committee
House of Lords chamber
House
House of Lords
My Lords, much as I would like to talk about European bailouts, we talk about them on other occasions and I think that we are straying a bit far from the audit issue on which other noble Lords may want to ask questions.
My Lords, much as I would like to talk about European bailouts, we talk about them on other occasions and I think that we are straying a bit far from the audit issue on which other noble Lords may want to ask questions.
Answered by
Lord Sassoon
(Conservative)
Asked by
Lord Davies of Oldham
(Labour)
Type
Oral answers to questions
We of course wish the Minister and the Government well in their labours with regard to this issue but we do not underestimate the challenge of the task and are not anticipating early progress. However, there is one set of sums of money relating to Europe in which the nation is greatly interested and on which I am sure the Minister is well briefed and aware of what is involved, and that is the amount of money we are committed to on eurozone bailouts. Will the Minister enlighten the House with those figures?
Subjects
Audit; Accountancy; Contributions; EU budget; European Court of Auditors
Date
28 April 2011
Reference
727 c239
Chamber / Committee
House of Lords chamber
House
House of Lords
To ask Her Majesty’s Government whether the accounts of the Bank of England, Bank of England Nominees Limited and the Bank of England Asset Purchase Facility Fund Limited are all audited by the same firm of public accountants.
To ask Her Majesty’s Government whether the accounts of the Bank of England, Bank of England Nominees Limited and the Bank of England Asset Purchase Facility Fund Limited are all audited by the same firm of public accountants.
Asked by
Lord Myners
(Labour)
Answered by
Lord Sassoon
(Conservative)
Type
Written questions
Status
Answered
Answered on
26 April 2011
KPMG are the external auditors for the Bank of England and the Bank of England Asset Purchases Facility Fund Limited. As a dormant company, Bank of England Nominees Limited is not required under the Companies Act 2006 to appoint an external auditor.
Subjects
Audit; Company accounts; Bank of England; Bank of England Asset Purchase Facility Fund; Bank of England Nominees
Date
26 April 2011
Reference
8310; 727 c12WA
House
House of Lords
My Lords, I am not responsible for some of the curious terminology which the EU uses, but I believe that financial regulation is the term it uses in this context. The relevant issue about which the Government are concerned is reducing the administrative burden on how expenditure is handled, particularly at member state level. We are worried about some specific questions: the proposal, for example, that loans might be used by the Commission to purchase EU buildings, which is something that the Government oppose; and the question of introducing a concept of tolerable risk of error within the accounting framework, which we oppose. I said before but I will say again that we want to push for much greater transparency in how assigned revenue is used. A host of issues come under that heading, but I cannot be responsible for the terminology.
My Lords, I am not responsible for some of the curious terminology which the EU uses, but I believe that financial regulation is the term it uses in this context. The relevant issue about which the Government are concerned is reducing the administrative burden on how expenditure is handled, particularly at member state level. We are worried about some specific questions: the proposal, for example, that loans might be used by the Commission to purchase EU buildings, which is something that the Government oppose; and the question of introducing a concept of tolerable risk of error within the accounting framework, which we oppose. I said before but I will say again that we want to push for much greater transparency in how assigned revenue is used. A host of issues come under that heading, but I cannot be responsible for the terminology.
Answered by
Lord Sassoon
(Conservative)
Asked by
Lord Eatwell
(Labour)
Type
Oral answers to questions
In his first answer to the noble Lord, Lord Campbell of Alloway, the Minister referred to the development of the process of financial regulation. As that term usually applies to regulation in the private sector, I was a little unfamiliar with its use in respect of the public sector. Can he explain what practical measures of financial regulation are relevant in this case?
Subjects
Audit; Accountancy; EU budget
Date
6 April 2011
Reference
726 c1727
Chamber / Committee
House of Lords chamber
House
House of Lords
I am grateful to my noble friend, because he gives me an opportunity to refer to the joint letter in December, very much led by my right honourable friend the Prime Minister, to which Germany, France, Finland and the Netherlands were also signatories. That talks about the need progressively to tighten up on and limit the growth of payments into the EU budget in 2012-13 and makes important observations about the necessity for growth in the EU budget through the next financial perspective to be limited. That is a forward-looking set of proposals to which a significant number of member states are already committed.
I am grateful to my noble friend, because he gives me an opportunity to refer to the joint letter in December, very much led by my right honourable friend the Prime Minister, to which Germany, France, Finland and the Netherlands were also signatories. That talks about the need progressively to tighten up on and limit the growth of payments into the EU budget in 2012-13 and makes important observations about the necessity for growth in the EU budget through the next financial perspective to be limited. That is a forward-looking set of proposals to which a significant number of member states are already committed.
Answered by
Lord Sassoon
(Conservative)
Asked by
Lord Newby
(Liberal Democrat)
Type
Oral answers to questions
My Lords, the UK Government had support solely from the Netherlands and Sweden for the declaration submitted to the relevant meeting in February. What was the reaction of the other 24 member states at that meeting? What are the Government doing not just, as it were, to lobby the Commission but to persuade other member states that what seems a sensible series of reforms should get wider support?
Subjects
Audit; Accountancy; EU budget
Date
6 April 2011
Reference
726 c1727
Chamber / Committee
House of Lords chamber
House
House of Lords
My Lords, it is the 16th consecutive year in which the Court of Auditors has been unable to give a clean opinion on the legality and regularity of the underlying transactions in the EU's expenditure, and that is an unacceptable state of affairs.
My Lords, it is the 16th consecutive year in which the Court of Auditors has been unable to give a clean opinion on the legality and regularity of the underlying transactions in the EU's expenditure, and that is an unacceptable state of affairs.
Answered by
Lord Sassoon
(Conservative)
Asked by
Lord Harrison
(Labour)
Type
Oral answers to questions
Has the noble Lord read the Court of Auditors report, which demonstrates that: there is a welcome downward trend in infringements; 99.9 per cent of the infringements are of an administrative nature; 80 per cent of the spending is by European member states; and the most guilty member state is the United Kingdom itself? That can be examined in the Comptroller's recent evidence to the Treasury Committee.
Subjects
Audit; Accountancy; EU budget
Date
6 April 2011
Reference
726 c1727
Chamber / Committee
House of Lords chamber
House
House of Lords
My Lords, the failure to achieve a positive opinion from the European Court of Auditors on the EU accounts is unacceptable. The Government are working to resolve this and have been clear that they want to see simpler rules surrounding EU programmes to facilitate proper scrutiny of EU spending. The Government continue to build on the February joint declaration. This includes negotiations on the financial regulation and the principles governing EU budget implementation.
My Lords, the failure to achieve a positive opinion from the European Court of Auditors on the EU accounts is unacceptable. The Government are working to resolve this and have been clear that they want to see simpler rules surrounding EU programmes to facilitate proper scrutiny of EU spending. The Government continue to build on the February joint declaration. This includes negotiations on the financial regulation and the principles governing EU budget implementation.
Answered by
Lord Sassoon
(Conservative)
Asked by
Lord Campbell of Alloway
(Conservative)
Type
Oral answers to questions
To ask Her Majesty’s Government what representations they will make to the Council of Ministers to give consideration to the joint declaration by the Netherlands, Sweden and the United Kingdom regarding the financial management of European Union funds, made at the Economic and Financial Council on 15 February, before the European Union Budget for 2010 is discharged.
Subjects
Audit; Accountancy; EU budget
Date
6 April 2011
Reference
726 c1726
Chamber / Committee
House of Lords chamber
House
House of Lords
My Lords, I am very grateful to my noble friend for recognising the practical steps that the Government are taking to get round this issue. I very much respect his many years of involvement in European issues. We are working very practically. Only next week, my honourable friend the Economic Secretary is meeting the three Commissioners who have responsibilities for the budget and the audit of the budget. She plans to meet the Court of Auditors and she has met the one and only state Minister who is solely responsible for the management of EU funds. We are very much on the case in making sure that EU funds are handled in a much simpler and transparent way in the future so that control can be improved.
On the question about a debate, I shall take that suggestion on board. In another place, I believe they have a debate in committee which normally takes place in January or February before ECOFIN considers the annual discharge. We shall consider that suggestion.
My Lords, I am very grateful to my noble friend for recognising the practical steps that the Government are taking to get round this issue. I very much respect his many years of involvement in European issues. We are working very practically. Only next week, my honourable friend the Economic Secretary is meeting the three Commissioners who have responsibilities for the budget and the audit of the budget. She plans to meet the Court of Auditors and she has met the one and only state Minister who is solely responsible for the management of EU funds. We are very much on the case in making sure that EU funds are handled in a much simpler and transparent way in the future so that control can be improved.
On the question about a debate, I shall take that suggestion on board. In another place, I believe they have a debate in committee which normally takes place in January or February before ECOFIN considers the annual discharge. We shall consider that suggestion.
Answered by
Lord Sassoon
(Conservative)
Asked by
Lord Campbell of Alloway
(Conservative)
Type
Oral answers to questions
I thank the noble Lord for that constructive response not only about representations that will be made to the Council of Ministers for approval of the joint declaration, but also about the initiative to set up negotiations, without which no new effective regime could be established. I add shortly that, having read the reports of yesterday—if you can understand them at all—it is apparent that a referendum is in no way related to this matter because, whether you call it a power, a competence or whatever, nothing is being taken away from us; it is in fact just given to us and to others.
I have two short questions. What practical steps will be taken to address the management of EU funds which relate to the EU budget and to make them transparent? Could the Government—of course we cannot deal with this issue at Question Time—arrange for a debate in which these matters may be considered by your Lordships?
Subjects
Audit; Accountancy; EU budget
Date
6 April 2011
Reference
726 c1726-7
Chamber / Committee
House of Lords chamber
House
House of Lords
To ask Her Majesty’s Government what representations they will make to the Council of Ministers to give consideration to the joint declaration by the Netherlands, Sweden and the United Kingdom regarding the financial management of European Union funds, made at the Economic and Financial Council on 15 February, before the European Union Budget for 2010 is discharged.
To ask Her Majesty’s Government what representations they will make to the Council of Ministers to give consideration to the joint declaration by the Netherlands, Sweden and the United Kingdom regarding the financial management of European Union funds, made at the Economic and Financial Council on 15 February, before the European Union Budget for 2010 is discharged.
Asked by
Lord Campbell of Alloway
(Conservative)
Answered by
Lord Sassoon
(Conservative)
Oral questions - Lead
Status
Answered
For answer on
6 April 2011
Answered on
6 April 2011
My Lords, the failure to achieve a positive opinion from the European Court of Auditors on the EU accounts is unacceptable. The Government are working to resolve this and have been clear that they want to see simpler rules surrounding EU programmes to facilitate proper scrutiny of EU spending. The Government continue to build on the February joint declaration. This includes negotiations on the financial regulation and the principles governing EU budget implementation.
Subjects
Audit; Accountancy; EU budget
Date
6 April 2011
Reference
726 c1726
Chamber / Committee
House of Lords chamber
House
House of Lords
To ask Her Majesty’s Government, further to the Written Statement by Lord Sassoon on 28 February (WS 87–9), what is their assessment of the practical effect of the United Kingdom, the Netherlands and Sweden withholding their consent on the discharge of the 2009 European Union budget.
To ask Her Majesty’s Government, further to the Written Statement by Lord Sassoon on 28 February (WS 87–9), what is their assessment of the practical effect of the United Kingdom, the Netherlands and Sweden withholding their consent on the discharge of the 2009 European Union budget.
Asked by
Lord Pearson of Rannoch
(UK Independence Party)
Answered by
Lord Sassoon
(Conservative)
Type
Written questions
Status
Answered
Answered on
9 March 2011
The Government abstained from the vote on the discharge recommendation at the ECOFIN Council meeting on 15 February, with strong support from Sweden and the Netherlands. The UK, Sweden and the Netherlands submitted a joint declaration setting out expectations for improvements in financial management in the near future. In particular, the joint declaration called for concrete improvements in terms of enhancing member state responsibility, improving transparency of financial management data, and encouraging the European Court of Auditors to move towards a more risk-based approach to auditing.
Subjects
Audit; Accountancy; EU budget
Date
9 March 2011
Reference
7295; 725 c405WA
House
House of Lords