Companies: Audit
Commons · Question 39413 · Tabled 19 Mar 2025 · Department for Business and Trade · Official record
Answered 24 Mar 2025
Question
Asked by Mary Glindon
To ask the Secretary of State for Business and Trade, if he will take steps to require the largest (a) public and (b) private companies to have (i) an Audit Committee and (ii) an internal audit function, in the context of the collapse of ISG.
Answer
Answered by Justin Madders, 24 Mar 2025
Companies whose securities are traded on the main market of the London Stock Exchange and banks, building societies and insurers are required to have an audit committee. Other private companies are not required to have an audit committee, but may choose t...