UK to probe Big 4 ac­coun­tancy firms

India Business Journal - - GLOBAL WRAP-UP -

The Big Four firms Deloitte, EY, KPMG and PwC - dom­i­nate Bri­tain's fi­nan­cial and cor­po­rate in­dus­try for auditing, merg­ers and ac­qui­si­tions and con­sul­ta­tion, among oth­ers. But some ex­perts note that the Big Four firms are ac­count­able in the demise of sev­eral in­dus­try lead­ers, such as Bri­tish Home Stores in 2016 and con­struc­tion firm Car­il­lion in 2018. The Com­pe­ti­tion and Mar­kets Au­thor­ity, Bri­tain's fair and free mar­ket watch­dog re­cently launched an auditing sec­tor re­view and will fi­nalise a re­port be­fore Christ­mas. The reg­u­la­tor plans to gather feed­back from the auditing in­dus­try over its ef­fec­tive

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