'Big Four' threat to audits

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The dominance of the "Big Four" accountancy firms has made scheme auditing an "homogenous, commoditised offering", Hermes Pensions Management claims.

The firm – which is owned by and manages the BT Pension Scheme – has called for greater choice in the audit market controlled by PricewaterhouseCoopers, Ernst and Young, KPMG and Deloitte. Hermes ...

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