THE Big Four accountancy giants have maintained their stranglehold on the biggest audits according to a report which will likely stoke calls for the Government to do more to boost competition in the sector. The regulator found the four members of the grouping – Deloitte, EY, KPMG and PwC – audited all the members of the FTSE 100 elite for the third year running in 2020. The Financial Reporting Council found that so-called challenger audit firms increased their share of FTSE 250 audits, to 7.6 per cent, from 4.8%. Chief executive Sir Jon Thompson said it was encouraging that challenger firms had increased their share of the audit market covering the biggest 350 FTSE members.
Big Four still dominate UK blue chip audits as fees rise
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Big Four still dominate UK blue chip audits as fees rise - Netscape Money & Business
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