NEW LAWS TO IMPROVE CORPORATE CONDUCT PUBLISHED
December 12 2003 The Companies (Audit, Investigations and Community Enterprise) Bill will implement safeguards recommended by post- Enron/Worldcom reviews.

The Bill tightens the independent regulation of the audit profession and strengthens the enforcement of company accounting. It gives auditors greater powers to get the information they need to do a proper job, and increases company investigators' powers to uncover misconduct with legal sanctions for non-compliance.

The Bill will also create community interest companies - a new type of company that provides a vehicle for dynamic and sustainable businesses with strong social objectives.

http://www.publications.parliament.uk/pa/ld200304/ldbills/008/2004008.htm