Company Law Reform Bill [HL]

My Lords, I am grateful to the Minister for agreeing to take that away. I hope that he will take away both legs of the amendment. He referred rather dismissively to there being some confusion on the role of the senior statutory auditor and the audit firm. However, I hope that he will reflect on the fact that that confusion is being created by this clause. At the moment there is no confusion, you see just one name on an audit report. In the future you may see two names. There is a huge issue of what new misunderstandings will arise from the audit. That is why the accountancy profession, representing the auditors, remains concerned. However, I am glad that the Minister will consider the first leg of the amendment and on that basis I hope that his mind will be directed to its second leg at the same time. I beg leave to withdraw the amendment. Amendment, by leave, withdrawn. Clause 496 [Senior statutory auditor]: