My Lords, I am very grateful to the Minister for her extensive reply and for setting that out for the record. Clearly, these are probing amendments. Picking up on a comment made by the noble Lord, Lord McKenzie, about his Amendment 14 when he said that it raises a boring accountancy point, when my daughter learnt that I was involved with something called the Local Audit and Accountability Bill, she e-mailed me saying, “That’s a really nerdy subject”, so we have been warned.
I quite accept what the noble Baroness said: that the whole thing is reviewable, particularly in relation to Clause 5. I also take the point about the electorate size not being material, it is about the financial activity that is going on. I hear in particular what she says about the auditor panel not being required where smaller bodies have opted in to the sector-led scheme.
The definition of independent in terms of members of the audit panel still slightly escapes me. I know what it means to me, coming from the sector of your Lordships’ House that I do, but I am not sure that I entirely understand what it means here, but we will leave that for another day.
I am extremely grateful to the noble Baroness. As ever, she has answered many of my questions with great courtesy, including telling me that some of them are not strictly relevant because they are unnecessary. I take that in the spirit in which it is intended. I beg leave to withdraw the amendment and shall not be pressing my other amendments in the group.