November 26, 2022

Value of UK plan to interrupt Large 4 stranglehold rises to

Cost of UK plan to break Big Four stranglehold rises

Cost of UK plan to break Big Four stranglehold rises

The price of plans to interrupt the dominance of the Large 4 accounting companies by forcing the biggest UK firms to rent two units of auditors has risen fivefold to about £1bn over 10 years, in line with the newest authorities estimates.

The influence of the “managed shared audit” proposal was put at £210mn final yr as a part of a public session on a long-awaited bundle of audit and company governance reforms however has elevated sharply after additional work by officers, in line with…

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