Company Law Reform Bill [HL]

My Lords, I am quite willing to accept that the solution may not be as the amendments are framed. I was more than a little astonished by the Minister arguing that transparency, when it affects the detail of how an auditor is performing, is a bad thing. I believe that transparency is the only way in which any semblance of confidence can be restored, where it has been lost. We must face up to the fact that there have been significant questions about the quality of auditing in this country. The way to put it right is to be transparent about how good or bad it is. I will, in a moment, withdraw the amendment, but I ask that we look in some detail and with some urgency at how the purpose behind the amendments can be achieved.