Tag: Big Four
Big Four continue to dominate audit market
FRC review of audit market competition reveals 98% market share that ‘leaves little room for challengers to emerge’.
Big Four firm in late plea for audit reform
Further delay ‘will not achieve the aim of restoring trust in audit and corporate governance’, says Deloitte managing partner.
News round-up: this week in governance
EY consultancy split may be back on again; Big Four’s income grows; do we need T-shaped NEDs?; ESG vs anti-ESG
News round-up: this week in governance
FRC chair suggests the Big Four pay more for junior auditors; Toyota chair stays put; call for transparency on fair value; ethical dilemmas.
Probe into PwC tax scandal extends beyond Australia
Authorities are looking into the possibility of ‘offences in other jurisdictions’ related to leaks about confidential government information.
Audit reform in the UK risks ‘losing momentum’
The Financial Reporting Council still awaits the proposed new statutory powers that would allow it to enforce substantive change.
News round-up: this week in governance
Shared audit’s £1bn cost; failed UK energy firms had no internal audit; governance rules for all; is climate risk reporting an SEC matter?
Years after Carillion’s collapse, the UK still waits for audit reform
Researchers say inquiry focused on apportioning blame to individuals, rather than investigating the regulatory system.
Jan du Plessis gives first insights into FRC governance and audit reform
The prospective FRC chair acknowledged that the watchdog’s own governance needs reform, and that audit scandals have damaged its reputation.
BDO now biggest auditor in the UK by number of listed clients
‘Challenger’ firm BDO now has 310 audit clients across the AIM and the FTSE main market, to Big Four leader PwC’s 307.