Big Four accountants face curbs as UK government unveils ‘major overhaul’ of audit sector
By Fiona Maxwell ( March 18, 2021, 10:31 GMT | Insight) -- KPMG, Deloitte, EY and PwC face tough rules to break up their dominance in the audit world as the UK government today set out wide-ranging proposals which could cap their market share if competition among smaller providers doesn't improve. The business department's proposals follow high-profile company collapses and growing scandals in the accounting and audit sector.The “Big Four” accounting firms face a tougher regulatory regime that could cap their market share, as the UK’s business department pledged a “major overhaul” of how it regulates the companies in the wake of several high-profile scandals....
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