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To ask Her Majesty's Government whether any members of staff supporting the work of the UK Endorsement Board have previously worked for members of the board who are or were partners in (1) PwC, (2) KPMG, or (3) Grant Thornton; and if so, who worked for whom, when, and for...
To ask Her Majesty's Government whether any members of staff supporting the work of the UK Endorsement Board have previously worked for members of the board who are or were partners in (1) PwC, (2) KPMG, or (3) Grant Thornton; and if so, who worked for whom, when, and for...
The UK Endorsement Board operates independently from HM Government. BEIS is therefore unable to provide information relating to members of staff, including information on job history, supporting its work.
To ask Her Majesty's Government what proportion of the fines levied by the Financial Reporting Council on Grant Thornton and its partner for audit failures at Interserve will be retained by HM Treasury; and what proportion will be distributed to stakeholders negatively affected by those failures.
To ask Her Majesty's Government what proportion of the fines levied by the Financial Reporting Council on Grant Thornton and its partner for audit failures at Interserve will be retained by HM Treasury; and what proportion will be distributed to stakeholders negatively affected by those failures.
The FRC undertook the investigation into the audit of Interserve under its Audit Enforcement Procedure (AEP), the regime applicable to statutory audit investigations since 2016. All fines imposed under the AEP are paid into HM Treasury’s consolidated fund in line with the general principles applying to the treatment of fines or other penalties imposed by public bodies in central government.
In this case, the fine imposed on Grant Thornton LLP amounted to £1.3 million. This was adjusted for mitigating factors and admissions / early disposal, in line with the FRC’s published Sanctions Policy for AEP cases, to £718,250. The fine imposed on Simon Lowe, the audit engagement partner, was £70,000. This was adjusted for mitigating factors and admissions / early disposal to £38,675.
The £467,780 costs recovered have been paid to the Institute for Chartered Accountants in England and Wales (ICAEW), as the Recognised Supervisory Body (RSB) who paid for the investigation. (In accordance with paragraph 20ZA, Schedule 10 of the Companies Act 2006, the RSB, which has approved the persons as eligible for appointment as statutory auditors must pay the costs of the investigation).
There is no provision under the AEP for any proportion of fines or successfully reclaimed costs to be paid to any negatively affected stakeholders.
To ask the Secretary of State for Business, Innovation and Skills pursuant to the answer of 9 April 2014, Official Report, columns 286-87W, on Grant Thornton, how many of the 70 recorded complaints about insolvency practitioners from Grant Thornton in respect to formal insolvency procedures were successful.
To ask the Secretary of State for Business, Innovation and Skills pursuant to the answer of 9 April 2014, Official Report, columns 286-87W, on Grant Thornton, how many of the 70 recorded complaints about insolvency practitioners from Grant Thornton in respect to formal insolvency procedures were successful.
According to information provided by the recognised professional bodies, 18 of the 70 complaints recorded about insolvency practitioners from Grant Thornton between June 2013 and March 2014 and which were passed to a recognised professional body for consideration have been closed with no further action taken. The remainder are ongoing.
To ask the Secretary of State for Business, Innovation and Skills how many representations he has received relating to concerns over Grant Thornton's handling of insolvency or bankruptcy cases since 2010.
To ask the Secretary of State for Business, Innovation and Skills how many representations he has received relating to concerns over Grant Thornton's handling of insolvency or bankruptcy cases since 2010.
Prior to the introduction of the Insolvency Service's Complaints Gateway in June 2013 no central record was maintained of numbers of complaints made against individual firms.
Since June 2013 there have been 794 complaints received via the Complaints Gateway, of which 70 related to recorded complaints about insolvency practitioners from Grant Thornton in respect to formal insolvency procedures.
I certainly think that a new culture is needed in the banking sector. That was the basic reason why the Parliamentary Commission on Banking Standards was established. It produced a very wide-ranging report, and many of its recommendations were taken forward by this House in the Financial Services (Banking Reform) Act 2013. I think that that will lead to a better culture. I suggest that the hon. Gentleman raises his specific concerns with the Department for Business, Innovation and Skills.
I certainly think that a new culture is needed in the banking sector. That was the basic reason why the Parliamentary Commission on Banking Standards was established. It produced a very wide-ranging report, and many of its recommendations were taken forward by this House in the Financial Services (Banking Reform) Act 2013. I think that that will lead to a better culture. I suggest that the hon. Gentleman raises his specific concerns with the Department for Business, Innovation and Skills.
Does the Chief Secretary agree that to have a successful financial services sector we must have bankers, lawyers and accountants whom everyone trusts, and that we need a new value system of trust in these institutions? If so, will he have a careful look at the behaviour of Grant Thornton and the way in which it treats clients and businesses in this country?
Does the Chief Secretary agree that to have a successful financial services sector we must have bankers, lawyers and accountants whom everyone trusts, and that we need a new value system of trust in these institutions? If so, will he have a careful look at the behaviour of Grant Thornton and the way in which it treats clients and businesses in this country?
Does the Chief Secretary agree that to have a successful financial services sector we must have bankers, lawyers and accountants whom everyone trusts, and that we need a new value system of trust in these institutions? If so, will he have a careful look at the behaviour of Grant Thornton and the way in which it treats clients and businesses in this country?
I certainly think that a new culture is needed in the banking sector. That was the basic reason why the Parliamentary Commission on Banking Standards was established. It produced a very wide-ranging report, and many of its recommendations were taken forward by this House in the Financial Services (Banking Reform) Act 2013. I think that that will lead to a better culture. I suggest that the hon. Gentleman raises his specific concerns with the Department for Business, Innovation and Skills.
The hon. Gentleman will understand that I am not in a position to comment on any of the specifics in that question. He will have noted that there was an Opposition debate on banking yesterday. In our previous exchanges at business questions, the passage of the Financial Services (Banking Reform)...
The hon. Gentleman will understand that I am not in a position to comment on any of the specifics in that question. He will have noted that there was an Opposition debate on banking yesterday. In our previous exchanges at business questions, the passage of the Financial Services (Banking Reform)...
May I say, Mr Deputy Speaker, that you would never need acting lessons from RADA?
The Leader of the House knows of my continuing obsession with the accountancy profession and particular auditing processes—or a lack of them—regarding the banking scandal. May I point him to a particular worry about a company...
May I say, Mr Deputy Speaker, that you would never need acting lessons from RADA?
The Leader of the House knows of my continuing obsession with the accountancy profession and particular auditing processes—or a lack of them—regarding the banking scandal. May I point him to a particular worry about a company...
To ask the Secretary of State for Communities and Local Government how much his Department has spent on contracts with Grant Thornton in each year since 2008.
To ask the Secretary of State for Communities and Local Government how much his Department has spent on contracts with Grant Thornton in each year since 2008.
The information requested is set out in the following table:
| Financial
year | Amount
(£) including
VAT |
| 2008-09 | 109,461 |
| 2009-10 | 136,608 |
| 2010-11 | 102,308 |
| 2011-12 | 123,006 |
| 2012-13 | 109,075 |
Since January 2011, central Government Departments have been required to publish on Contracts Finder information on the contracts they award at:
www.contractsfinder.businesslink.gov.uk/
In addition, my Department publishes details of spend over £250 at the following website:
https://www.gov.uk/government/publications?keywords=transparency+data&publication_filter_ option=all&topics%5B%5D=all&departments%5B%5D= department-for-communities-and-local-government&world_locations%5B%5D=all&direction= before&date=2013-08-01
Across Whitehall in 2012-13, in taking stronger control of the consulting and temporary labour bills, this Government has saved over £1.6 billion of taxpayers’ money.
To ask the Attorney-General how much the Law Officers’ Departments have spent on contracts with Grant Thornton in each year since 2008.
[165684]
To ask the Attorney-General how much the Law Officers’ Departments have spent on contracts with Grant Thornton in each year since 2008.
[165684]
The information requested is contained in the following table.
| Expenditure
with Grant Thornton by the Law Officers’
Departments | |||
| £ | |||
| TSol | CPS | SFO | |
| 2008-09 | 38,937 | 20,816 | 976,916 |
| 2009-10 | — | 6,612 | 680,130 |
| 2010-11 | — | 76,003 | 187,498 |
| 2011-12 | — | 168,504 | 4,500 |
| 2012-13 | 34,535 | 232,188 | 3,326 |
The Attorney-General’s office and HM Crown Prosecution Service Inspectorate have not incurred any expenditure with Grant Thornton during the specified period of time.
To ask the Secretary of State for Justice how much his Department has spent on contracts with Grant Thornton in each year since 2008.
[165696]
To ask the Secretary of State for Justice how much his Department has spent on contracts with Grant Thornton in each year since 2008.
[165696]
The Ministry of Justice has spent the following on the provision of services with Grant Thornton since 2008. Spend is for the calendar year and is exclusive of VAT.
| Spend
(£) | |
| 2008 | 151,071.89 |
| 2009 | 60,914.88 |
| 2010 | 50,389.28 |
| 2011 | 6,000.00 |
| 2012 | 0 |
To ask the Secretary of State for Environment, Food and Rural Affairs how much his Department has spent on contracts with Grant Thornton in each year since 2008.
[165691]
To ask the Secretary of State for Environment, Food and Rural Affairs how much his Department has spent on contracts with Grant Thornton in each year since 2008.
[165691]
This table sets out spend by core DEFRA on contracts with Grant Thornton in each financial year from 2008-09 up to 30 June 2013 in the current year.
| £ | |
| 2008-09 | 0 |
| 2009-10 | 0 |
| 2010-11 | 0 |
| 2011-12 | 0 |
| 2012-13 | 128,964 |
| 2013-14
(to 30
June) | 85,320 |
To ask the Secretary of State for Health how much his Department has spent on contracts with Grant Thornton in each year since 2008.
[165693]
To ask the Secretary of State for Health how much his Department has spent on contracts with Grant Thornton in each year since 2008.
[165693]
The Government is determined to improve value for money on departmental expenditure. The amount spent on management consultancy services has fallen dramatically. In 2008-09, expenditure was £107 million and in 2012-13 the figure was £5 million.
The Department's spend for all financial years from 2008-09 to 2011-12 on contracts with Grant Thornton is contained in the following table.
| Grant
Thornton
Ltd | |
| £ | |
| 2008-09 | 290,392 |
| 2009-10 | 85,269 |
| 2010-11 | 513,449 |
| 2011-12 | 1,111,195 |
| 2012-13 | 1,005,568 |
| Source: Department of Health Business Management System |
To ask the Secretary of State for Business, Innovation and Skills how much his Department has spent on contracts with Grant Thornton in each year since 2008.
[165683]
To ask the Secretary of State for Business, Innovation and Skills how much his Department has spent on contracts with Grant Thornton in each year since 2008.
[165683]
The Department has spent the following amounts on direct contracts for service with Grant Thornton:
| £ | |
| 2008 | 20,268 |
| 2009 | 10,390 |
| 2010 | 2,885 |
| 2011 | 17,400 |
| 2012 | 110,769 |
| 1
See as
follows. |
Since 2012 onwards, Grant Thornton has been the lead contractor for two significant BIS programmes.
The first is the delivery of the Manufacturing Advisory Service which is funded by BIS to provide specialist manufacturing support for companies in England to help them improve and grow. The programme is delivered in England by the Manufacturing Advisory Consortium but BIS funding for the programme is initially paid through Grant Thornton as the lead contractor.
The second is the delivery of the Growth Accelerator programme which is aimed at small and medium-sized enterprises to deliver structured advice and support to break down barriers and provide opportunities for sustained business growth. This programme is delivered through a network of private sector business growth experts but BIS funding for the programme is initially paid through Grant Thornton.
In 2012 (January to December), BIS paid a total of £21,177,011 to the Manufacturing Advisory Service programme and a total of £35,069,821 to the Growth Accelerator programme.
In 2013 (January to end June), BIS paid a total of £15,558,672 to the Manufacturing Advisory Service programme and a total of £30,329,267 to the Growth Accelerator programme.
To ask the Chancellor of the Exchequer how much his Department has spent on contracts with Grant Thornton in each year since 2008.
[165700]
To ask the Chancellor of the Exchequer how much his Department has spent on contracts with Grant Thornton in each year since 2008.
[165700]
The Department has spent a total of £1,321,604 in relation to contracts with Grant Thornton since 2008 to 2012, a breakdown of these costs can be found in the following table.
| £000 | |
| 2008 | 47,878 |
| 2009 | 173,103 |
| 2010 | 322,888 |
| 2011 | 311,523 |
| 2012 | 466,212 |
The majority of spend with Grant Thornton has been in connection with independent advisory services in relation to financial stability, Equitable Life and Project OSCAR.
By taking stronger control of our consulting and temporary labour bills this Government has saved over £1.6 billion in 2012-13.
Since January 2011, central Government Departments have been required to publish on Contracts Finder information on the contracts they award:
www.contractsfinder.businesslink.gov.uk/
In addition, Departments publish details of spend in excess of £25,000.
To ask the Secretary of State for the Home Department how much her Department has spent on contracts with Grant Thornton in each year since 2008.
[165694]
To ask the Secretary of State for the Home Department how much her Department has spent on contracts with Grant Thornton in each year since 2008.
[165694]
The Home Department's expenditure on contracts with Grant Thornton, in each year since financial year 2008-09, is detailed in the following table:
| Grant
Thornton | |
| Expenditure
(£) | |
| 2008-09 | 22,000 |
| 2009-10 | 82,000 |
| 2010-11 | 49,000 |
| 2011-12 | 59,000 |
| 2012-13 | 7,000 |
| 2013-14 | 75,600 |
To ask the Secretary of State for Foreign and Commonwealth Affairs how much his Department has spent on contracts with Grant Thornton in each year since 2008.
[165692]
To ask the Secretary of State for Foreign and Commonwealth Affairs how much his Department has spent on contracts with Grant Thornton in each year since 2008.
[165692]
The Foreign and Commonwealth Office (FCO) did not have any contracts or spend with Grant Thornton in the financial years from 2007-08 to 2012-13.
To ask the Secretary of State for Northern Ireland how much her Department has spent on contracts with Grant Thornton in each year since 2008.
[165697]
To ask the Secretary of State for Northern Ireland how much her Department has spent on contracts with Grant Thornton in each year since 2008.
[165697]
Because of the devolution of policing and justice functions on 12 April 2010, my Department does not hold figures for the periods prior to 2010; attempting to obtain this information would incur disproportionate cost.
My Department has not incurred any expenditure on contracts with Grant Thornton since 2010.
To ask the Secretary of State for Culture, Media and Sport how much her Department has spent on contracts with Grant Thornton in each year since 2008.
[165687]
To ask the Secretary of State for Culture, Media and Sport how much her Department has spent on contracts with Grant Thornton in each year since 2008.
[165687]
The total amount the Department for Culture, Media and Sport, spent on contracts with Grant Thornton, in each year since 2008, is set out in the following table:
| Total
spent
(£) | |
| 2008 | — |
| 2009 | — |
| 2010 | 170,375.00 |
| 2011 | 639,404.93 |
| 2012 | 480334.09 |
| 2013 | 327350.66 |
| Total | 1,617,964.68 |