Public Sector: Infrastructure
Commons · Question 39414 · 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 make an assessment of the potential (a) costs and (b) merits of making internal audit functions a mandatory requirement for all contractors delivering public sector infrastructure projects.
Answer
Answered by Justin Madders, 24 Mar 2025
The Government announced that it would publish a draft audit reform and corporate governance bill in the King’s Speech, which is expected to include extending enhanced Public Interest Entity audit requirements to very large private companies. The financia...