This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Push to boost UK audit competition not seeking a ‘Big Five,’ watchdog says

By Phoebe Seers ( December 4, 2024, 15:55 GMT | Insight) -- Regulatory efforts to improve competition in the UK’s audit market are not aimed at creating a "Big Five" set of accounting giants, the audit regulator said in an update today. The Financial Reporting Council reported "deep-seated" challenges and a "heavily entrenched" market structure, saying “it will take time … to realize a well-functioning audit market.” A recent review found standards improving at the four largest auditors but declining at challenger firms BDO and Forvis Mazars.Regulatory efforts to improve competition in the UK’s audit market are not aimed at creating a "Big Five" set of accounting giants, the audit regulator said in an update today. ...

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections