'Big four' must split audit and consultancy work, says CMA

James Phillips
clock • 5 min read

PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.

The so-called ‘big four' will need to set up separate management, accounts and remuneration; appoint a separate chief executive and board; separate financial statements; and, end profit-sharing bet...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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