An agreement in principle with banks and private-sector creditors that the Greek government will pay them back only half what they are owed came right at the last moment.
By abandoning this principle, standards would slip, he suggested, since private sector providers of auditing services would "not want to get a reputation for being difficult".
Shadow health secretary Andy Burnham said he did not object in principle to a closer partnership between the NHS and the life sciences sector as this "could be good for both sides".
The principle that those commissioning the auditors should be independent from those being audited has "guided public sector audit for the last 150 years", the committee adds.