Early Day Motions

ACCOUNTANTS, AUDIT AND CONFLICT OF INTEREST

EDM (Early Day Motion) 972: tabled on 19 February 2008

Tabled in the 2007-08 session.

This motion has been signed by 31 Members. It has not yet had any amendments submitted.

As this motion is using historical data, we may not have the record of the original ordering, in which case signatories are listed alphabetically.

Motion text

That this House notes that PricewaterhouseCoopers (PWC) was Northern Rock's auditor and also provided it with a range of consultancy services; further notes that PWC earned £1.3 million for non-audit work but only £500,000 for the audit; further notes that at no point did PWC indicate any problem with Northern Rock's business model; believes that if an accountancy firm is making more money from consulting for a particular firm than from auditing it then there is a clear conflict of interest; further notes that this is not the first time that the audit of a financial institution has given no hint of systemic financial problems; and therefore calls on the Government to take steps to end this long-standing conflict of interest issue in order that the public may have confidence in the audit process.

The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.

Abbott, Ms Diane
Labour
Signed on 19 February 2008
Hackney North and Stoke Newington
Primary
Durkan, Mark
Social Democratic & Labour Party
Signed on 20 February 2008
Foyle
Stringer, Graham
Labour
Signed on 20 February 2008
Manchester, Blackley
Riordan, Mrs Linda
Labour
Signed on 20 February 2008
Halifax
Jones, Lynne
Labour
Signed on 20 February 2008
Birmingham, Selly Oak
Hopkins, Kelvin
Labour
Signed on 20 February 2008
Luton North

In addition to the sponsors, the following Members have signed to support the motion.

Austin, John
Labour
Signed on 27 February 2008
Erith and Thamesmead
Breed, Mr Colin
Liberal Democrat
Signed on 21 February 2008
South East Cornwall
Burgon, Colin
Labour
Signed on 26 February 2008
Elmet
Burt, Lorely
Liberal Democrat
Signed on 25 February 2008
Solihull
Caton, Mr Martin
Labour
Signed on 21 February 2008
Gower
Clapham, Mr Michael
Labour
Signed on 26 February 2008
Barnsley West and Penistone
Cohen, Harry
Labour
Signed on 21 February 2008
Leyton and Wanstead
Corbyn, Jeremy
Labour
Signed on 21 February 2008
Islington North
Cryer, Mrs Ann
Labour
Signed on 20 February 2008
Keighley
Dean, Mrs Janet
Labour
Signed on 22 February 2008
Burton
Dismore, Mr Andrew
Labour
Signed on 20 February 2008
Hendon
Dobbin, Jim
Labour
Signed on 21 February 2008
Heywood and Middleton
Drew, Mr David
Labour
Signed on 22 February 2008
Stroud
Etherington, Bill
Labour
Signed on 22 February 2008
Sunderland North
Hancock, Mr Mike
Liberal Democrat
Signed on 25 February 2008
Portsmouth South
Holmes, Paul
Liberal Democrat
Signed on 22 February 2008
Chesterfield
Hoyle, Mr Lindsay
Labour
Signed on 20 February 2008
Chorley
Marsden, Mr Gordon
Labour
Signed on 22 February 2008
Blackpool South
McDonnell, Dr Alasdair
Social Democratic & Labour Party
Signed on 3 March 2008
Belfast South
Pugh, Dr John
Liberal Democrat
Signed on 26 February 2008
Southport
Purchase, Mr Ken
Labour
Signed on 26 February 2008
Wolverhampton North East
Simpson, Alan
Labour
Signed on 26 February 2008
Nottingham South
Singh, Mr Marsha
Labour
Signed on 22 February 2008
Bradford West
Taylor, David
Labour
Signed on 21 February 2008
North West Leicestershire
Vis, Dr Rudi
Labour
Signed on 27 February 2008
Finchley and Golders Green

There are no withdrawn signatures for this motion.