(a) The Companies Act 1985 (Disclosure of Remuneration for Non-audit Work) Regulations SI No 1991/2181 requires companies to disclose all payments made to their auditors. Discuss the additional information that would be required in order to make the disclosure of the nonaudit fees meaningful.
(b) The Combined Code provides that the audit committee should keep the nature and extent of non-audit services provided by the auditor under review, seeking to balance the maintenance of objectivity and value for money. Discuss criteria that could be applied in seeking to establish this balance.