The Big Four audit firms have prepared contingency plans for being broken up, if regulators insist on making big interventions in the market.
The UK’s largest accounting firms are preparing themselves for a potential breakup of their offerings.
After two influential committees of MPs called on the UK’s competition regulator to look into the workings of the Big Four firms in the marketplace and their impact on wider stakeholder groups, the firms’ senior representatives admitted they were working on contingencies if they were broken up.
The committees yesterday reported their findings into the collapse of Carillion. Along with major criticism of accounting regulator the Financial Reporting Council, and governance at the failed outsourcer—plus former executives and non-e
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