Economic Affairs Committee - Second Report
Auditors: Market concentration and their role

Here you can browse the report which was ordered by the House of Lords to be printed 15 March 2011.


Terms of Reference


Chapter 1: Introduction

Chapter 2: Concentration in the audit market

Chapter 3: Changes to the Legislative/Regulatory Framework Governing Audit

Chapter 4: The Legal/Regulatory Framework

Chapter 5: The Impact of International Financial Reporting Standards (IFRS)

Chapter 6: Bank audits and the financial crisis

Chapter 7: Conclusions and Recommendations

Appendix 1: Economic Affairs Committee

Appendix 2: List of Witnesses

Appendix 3: List of measures raised in evidence to improve choice, competition and quality in the audit market

Appendix 4: Letter from Mr Andrew Bailey, Executive Director and Chief Cashier, Banking Services, Bank of England

Appendix 5: Supplementary memorandum by the Office of Fair Trading

Appendix 6: Letter from The Rt Hon Lord Tebbit CH

Appendix 7: Letter from The Lord Flight

The Report of the Committee is published in Volume I (HL Paper 119-I). Evidence taken at or in connection with a public hearing is printed in Volume II (HL Paper 119-II). Other evidence is published online at and available for inspection at the Parliamentary Archives (020 7219 5314)

Oral and written evidence - HL 119-II

12 October 2010

19 October 2010

26 October 2010

2 November 2010

9 November 2010

23 November 2010

7 December 2010

14 December 2010

11 January 2011

18 January 2011

25 January 2011

References in footnotes to the Report are as follows:

Q  refers to a question in oral evidence;

ADT 1  refers to written evidence as listed in Appendix 2

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