Company Law Reform Bill [HL]

I understand what the Minister is saying but I suggest that the absence of statements of reasons may lead to unnecessary speculation and that it would be much simpler to send them to the accounting authorities. I accept that in most cases these will not be serious accounting issues, but it is possible that there could be accounting issues embedded within them. That is the reason for tabling the amendment. I shall go back to the Institute of Chartered Accountants, which suggested the amendment, ensure that it has read the Minister’s reply and determine whether or not it wishes to take the matter further. I beg leave to withdraw the amendment. Amendment, by leave, withdrawn.