{ "format" : "linked-data-api", "version" : "0.2", "result" : {"_about" : "https://eldaddp.azurewebsites.net/answeredquestions.text?answeringDeptShortName=Business%2C+Energy+and+Industrial+Strategy&max-ddpModified.=2020-08-06T11%3A45%3A10.266Z", "definition" : "https://eldaddp.azurewebsites.net/meta/answeredquestions.text?answeringDeptShortName=Business%2C+Energy+and+Industrial+Strategy&max-ddpModified.=2020-08-06T11%3A45%3A10.266Z", "extendedMetadataVersion" : "https://eldaddp.azurewebsites.net/answeredquestions.text?answeringDeptShortName=Business%2C+Energy+and+Industrial+Strategy&max-ddpModified.=2020-08-06T11%3A45%3A10.266Z&_metadata=all", "first" : "https://eldaddp.azurewebsites.net/answeredquestions.text?answeringDeptShortName=Business%2C+Energy+and+Industrial+Strategy&_page=0&max-ddpModified.=2020-08-06T11%3A45%3A10.266Z", "hasPart" : "https://eldaddp.azurewebsites.net/answeredquestions.text?answeringDeptShortName=Business%2C+Energy+and+Industrial+Strategy&max-ddpModified.=2020-08-06T11%3A45%3A10.266Z", "isPartOf" : "https://eldaddp.azurewebsites.net/answeredquestions.text?answeringDeptShortName=Business%2C+Energy+and+Industrial+Strategy&max-ddpModified.=2020-08-06T11%3A45%3A10.266Z", "items" : [{"_about" : "http://data.parliament.uk/resources/1228225", "AnsweringBody" : [{"_value" : "Department for Business, Energy and Industrial Strategy"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1228225/answer", "answerText" : {"_value" : "

The Government announced as part of its response to the consultation on Insolvency and Corporate Governance that it would look further at options for strengthening of the legal framework governing dividend payments in a proportionate way. In that context, the Department asked the ICAEW for technical advice on ways in which potential new distributable reserves disclosure requirements might be framed. The ICAEW was also asked to consider how its Guidance on Realised and Distributable Profits (Tech 02/17BL) might be simplified and clarified. It has subsequently published an Introduction to the Law on Dividends which includes an explanation of the role and content of its technical guidance.<\/p>

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The Government believes that it is appropriate to receive views and advice on accountancy matters from a wide and balanced range of expert stakeholders including the ICAEW and KPMG. In relation to international accounting standards, members of KPMG and ICAEW have attended meetings and have input into discussions and consultations since the standards were introduced in the UK.<\/p>

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Consistent with his duties as a liquidator, the Official Receiver has investigated whether Carillion may have a claim against KPMG for losses resulting from the conduct of its statutory audit and is considering pursuing a claim in this regard. It would be inappropriate to comment further at this stage.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4336", "label" : {"_value" : "Biography information for Lord Callanan"} } , "answeringMemberPrinted" : {"_value" : "Lord Callanan"} , "dateOfAnswer" : {"_value" : "2020-08-06", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2020-08-06T11:44:47.92Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "201"} , "answeringDeptShortName" : {"_value" : "Business, Energy and Industrial Strategy"} , "answeringDeptSortName" : {"_value" : "Business, Energy and Industrial Strategy"} , "date" : {"_value" : "2020-07-29", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Carillion: Audit"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask Her Majesty's Government whether (1) KPMG, and (2) the Institute of Chartered Accountants in England and Wales, are involved in any of their work dealing with international accounting standards and dividends payments; and if so, what assessment they have made of whether such involvement is appropriate in the light of reports that the Official Receiver is seeking to take action against KPMG over alleged negligence in its audits of Carillion.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4562", "label" : {"_value" : "Biography information for Baroness Bowles of Berkhamsted"} } , "tablingMemberPrinted" : [{"_value" : "Baroness Bowles of Berkhamsted"} ], "uin" : "HL7505"} , {"_about" : "http://data.parliament.uk/resources/1228226", "AnsweringBody" : [{"_value" : "Department for Business, Energy and Industrial Strategy"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1228226/answer", "answerText" : {"_value" : "

BEIS and the FRC are responsible for UK accounting standards as set out in the Companies Act 2006. The FRC\u2019s Accounting and Reporting Policy Team\u2019s remit is to follow and comment on the work of the IASB as it develops IFRS. The FRC regularly discuss improvements and amendments to standards with the IASB and responds to consultations in the light of discussions with stakeholders.<\/p>

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At the end of the Transition Period, the UK Endorsement Board (UKEB) will work directly with IASB as part of their responsibilities for endorsing and adopting IFRS for the UK. One of the key responsibilities of the UKEB will be to ensure that adopting IFRS are in the UK\u2019s public interest.<\/p>

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The investigations into Carillion and Thomas Cook are ongoing. We will consider the outcome of these investigations and where necessary bring findings to the attention of the IASB.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4336", "label" : {"_value" : "Biography information for Lord Callanan"} } , "answeringMemberPrinted" : {"_value" : "Lord Callanan"} , "dateOfAnswer" : {"_value" : "2020-08-06", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2020-08-06T11:44:05.527Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "201"} , "answeringDeptShortName" : {"_value" : "Business, Energy and Industrial Strategy"} , "answeringDeptSortName" : {"_value" : "Business, Energy and Industrial Strategy"} , "date" : {"_value" : "2020-07-29", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Accountancy: Standards"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask Her Majesty's Government what assessment they have made of the consistency of the use of current market values in company accounts with the preparation of accounts on a going concern basis; and what assessment they have made of the adequacy of international accounting standards on current market values, following the collapse of companies such as Carillion and Thomas Cook which applied these standards.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4562", "label" : {"_value" : "Biography information for Baroness Bowles of Berkhamsted"} } , "tablingMemberPrinted" : [{"_value" : "Baroness Bowles of Berkhamsted"} ], "uin" : "HL7506"} , {"_about" : "http://data.parliament.uk/resources/1228227", "AnsweringBody" : [{"_value" : "Department for Business, Energy and Industrial Strategy"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1228227/answer", "answerText" : {"_value" : "

The Government is discussing a license agreement for International Financial Reporting Standards (IFRS) with the IFRS Foundation. We are content that we will be able to conclude a legally satisfactory agreement. This is in line with the Government\u2019s commitment to maintain use of IFRS after the end of the Transition Period.<\/p>

<\/p>

The case of ZAO Askeri-ACCA v International Accounting Standards Committee Foundations ([2004] EWHC 2939 (Ch)) was heard 16 years ago regarding a contract with the IFRS Foundation\u2019s predecessor organisation. The Government does not believe this case to be relevant to any discussions between the Government and the IFRS Foundation.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4336", "label" : {"_value" : "Biography information for Lord Callanan"} } , "answeringMemberPrinted" : {"_value" : "Lord Callanan"} , "dateOfAnswer" : {"_value" : "2020-08-06", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2020-08-06T11:43:17.493Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "201"} , "answeringDeptShortName" : {"_value" : "Business, Energy and Industrial Strategy"} , "answeringDeptSortName" : {"_value" : "Business, Energy and Industrial Strategy"} , "date" : {"_value" : "2020-07-29", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Accountancy: Standards"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask Her Majesty's Government what assessment they have made, if any, of the probity of the International Financial Reporting Standards Foundation following the case of ZAO Askeri-ACCA v International Accounting Standards Committee Foundations ([2004] EWHC 2939 (Ch)); and what plans they have to conclude such an assessment before committing any taxpayer funds to the International Financial Reporting Standards Foundation.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4562", "label" : {"_value" : "Biography information for Baroness Bowles of Berkhamsted"} } , "tablingMemberPrinted" : [{"_value" : "Baroness Bowles of Berkhamsted"} ], "uin" : "HL7507"} , {"_about" : "http://data.parliament.uk/resources/1228228", "AnsweringBody" : [{"_value" : "Department for Business, Energy and Industrial Strategy"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1228228/answer", "answerText" : {"_value" : "

Companies House records show that the IFRS Foundation is registered in Delaware and based in London. The Government hopes that the IFRS Foundation will continue to be based in London, as this will continue to recognise the UK\u2019s world leading role in accounting standards and practice. The Government has no oversight role for the IFRS Foundation, which is the responsibility of its Monitoring Board, comprising of a number of international securities regulators.<\/p>

<\/p>

The Government is not aware of any alleged conflicts of interest that are referred to in the question.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4336", "label" : {"_value" : "Biography information for Lord Callanan"} } , "answeringMemberPrinted" : {"_value" : "Lord Callanan"} , "dateOfAnswer" : {"_value" : "2020-08-06", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2020-08-06T11:42:25.067Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "201"} , "answeringDeptShortName" : {"_value" : "Business, Energy and Industrial Strategy"} , "answeringDeptSortName" : {"_value" : "Business, Energy and Industrial Strategy"} , "date" : {"_value" : "2020-07-29", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Accountancy: Standards"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask Her Majesty's Government what plans they have to conduct an investigation into (1) past inconsistencies in the registered addresses and the address for legal service of documents of the International Financial Reporting Standards Foundation, and (2) alleged conflicts of interest in the award of the International Financial Reporting Standards Foundation\u2019s translation contracts, before committing any tax-payer funds to that Foundation.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4562", "label" : {"_value" : "Biography information for Baroness Bowles of Berkhamsted"} } , "tablingMemberPrinted" : [{"_value" : "Baroness Bowles of Berkhamsted"} ], "uin" : "HL7508"} , {"_about" : "http://data.parliament.uk/resources/1228251", "AnsweringBody" : [{"_value" : "Department for Business, Energy and Industrial Strategy"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1228251/answer", "answerText" : {"_value" : "

The Government is committed to exploring the option of hydrogen as a strategic decarbonised energy carrier. This includes business models to support the deployment of, and investment in, low carbon hydrogen production and a £100m Low Carbon Hydrogen Production Fund, announced in August 2019 to stimulate capital investment. In parallel we are currently investing up to £121 million, between 2015 and 2021, in hydrogen innovation, supporting a range of projects exploring the potential of low carbon hydrogen across the value chain. This includes investment in green hydrogen both through innovation funding and other grants. An example is our support for the industrialisation of production processes at the new ITM Power Gigafactory being built in Sheffield which when complete will be the largest electrolyser manufacturing facility in the world.<\/p>

<\/p>

The Treasury has recently announced the Comprehensive Spending Review 2020, that will allow the government to consider its priorities across all spending over multiple years. Support to develop technologies that will support the government\u2019s ambition to reach net zero carbon emissions by 2050 is a priority.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4336", "label" : {"_value" : "Biography information for Lord Callanan"} } , "answeringMemberPrinted" : {"_value" : "Lord Callanan"} , "dateOfAnswer" : {"_value" : "2020-08-06", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2020-08-06T11:40:58.823Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "201"} , "answeringDeptShortName" : {"_value" : "Business, Energy and Industrial Strategy"} , "answeringDeptSortName" : {"_value" : "Business, Energy and Industrial Strategy"} , "date" : {"_value" : "2020-07-29", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Hydrogen: Renewable Energy"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask Her Majesty's Government how much, in total, they have committed to the development of a green hydrogen economy over the next five years.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4549", "label" : {"_value" : "Biography information for Lord Oates"} } , "tablingMemberPrinted" : [{"_value" : "Lord Oates"} ], "uin" : "HL7548"} , {"_about" : "http://data.parliament.uk/resources/1228270", "AnsweringBody" : [{"_value" : "Department for Business, Energy and Industrial Strategy"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1228270/answer", "answerText" : {"_value" : "

The White Paper sets out proposals for independent functions to support the smooth running of the Internal Market. These proposals are being consulted on, and we encourage the public to share their views on the White Paper proposals through the consultation, which will close on 13 August.<\/p>

<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4336", "label" : {"_value" : "Biography information for Lord Callanan"} } , "answeringMemberPrinted" : {"_value" : "Lord Callanan"} , "dateOfAnswer" : {"_value" : "2020-08-06", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2020-08-06T11:39:49.44Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "201"} , "answeringDeptShortName" : {"_value" : "Business, Energy and Industrial Strategy"} , "answeringDeptSortName" : {"_value" : "Business, Energy and Industrial Strategy"} , "date" : {"_value" : "2020-07-29", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "UK Internal Trade: Advisory Bodies"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask Her Majesty's Government what plans they have to include (1) citizen, and (2) business, particularly small independent business, representation on the independent advisory body referred to in the UK Internal Market White Paper published in July, to report to Parliament on the functioning of that Internal Market.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4719", "label" : {"_value" : "Biography information for Baroness Bennett of Manor Castle"} } , "tablingMemberPrinted" : [{"_value" : "Baroness Bennett of Manor Castle"} ], "uin" : "HL7502"} , {"_about" : "http://data.parliament.uk/resources/1228293", "AnsweringBody" : [{"_value" : "Department for Business, Energy and Industrial Strategy"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1228293/answer", "answerText" : {"_value" : "

The range of measures has now been announced.<\/p>

The Green Homes Grants will give homeowners, including owner occupiers and social/private landlords, vouchers to install one or more of the following:<\/p>