The Financial Times (28 September 2010) comments on the ‘dominance’ of the ‘Big Four’ accountancy firms. The paper reports concerns that ‘financial markets would be thrown into chaos if one of PwC, KPMG, Deloitte or Ernst & Young – which collectively audit the majority of FTSE 100 companies – were to collapse'.
Grant Thornton, the UK’s fifth largest audit firm, urges ‘radical intervention by regulators and investors’ and has called for a limit on the number of listed companies that can be audited by one firm in the UK.
The Financial Times (28 September 2010) comments on the ‘dominance’ of the ‘Big Four’ accountancy firms. The paper reports concerns that ‘financial markets would be thrown into chaos if one of PwC, KPMG, Deloitte or Ernst & Young – which collectively audit the majority of FTSE 100 companies – were to collapse'.
Grant Thornton, the UK’s fifth largest audit firm, urges ‘radical intervention by regulators and investors’ and has called for a limit on the number of listed companies that can be audited by one firm in the UK.
