Competition In The UK Audit Market (EDM2576)

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.

MP	Date	Constituency	Party	Type
Austin Mitchell	17/07/2006	Great Grimsby	Labour	Proposed
Andrew Dismore	18/07/2006	Hendon	Labour	Seconded
Linda Riordan	18/07/2006	Halifax	Labour	Seconded
Andrew George	18/07/2006	St Ives	Liberal Democrat	Seconded
Lynne Jones	18/07/2006	Birmingham, Selly Oak	Labour	Seconded
Ann Cryer	18/07/2006	Keighley	Labour	Seconded
Paul Holmes	19/07/2006	Chesterfield	Liberal Democrat	Signed
Kelvin Hopkins	19/07/2006	Luton North	Labour	Signed
Alasdair McDonnell	19/07/2006	Belfast South	Social Democratic and Labour Party	Signed
Harry Cohen	19/07/2006	Leyton and Wanstead	Labour	Signed
David Drew	19/07/2006	Stroud	Labour	Signed
David Taylor	19/07/2006	North West Leicestershire	Labour	Signed
David Hamilton	20/07/2006	Midlothian	Labour	Signed
Mike Hancock	20/07/2006	Portsmouth South	Liberal Democrat	Signed
Rob Marris	20/07/2006	Wolverhampton South West	Labour	Signed
John Pugh	24/07/2006	Southport	Liberal Democrat	Signed
John McDonnell	24/07/2006	Hayes and Harlington	Labour	Signed
Clive Efford	24/07/2006	Eltham	Labour	Signed
Fraser Kemp	25/07/2006	Houghton and Washington East	Labour	Signed
Hywel Williams	25/07/2006	Caernarfon	Plaid Cymru	Signed
Derek Wyatt	25/07/2006	Sittingbourne and Sheppey	Labour	Signed
Adam Price	09/10/2006	Carmarthen East and Dinefwr	Plaid Cymru	Signed
Lorely Burt	09/10/2006	Solihull	Liberal Democrat	Signed
Katy Clark	09/10/2006	North Ayrshire and Arran	Labour	Signed
Alan Simpson	12/10/2006	Nottingham South	Labour	Signed
Brian Jenkins	19/10/2006	Tamworth	Labour	Signed

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