MPs Call For Breakup Of Big Four Accounting Firms

Law360, London (April 2, 2019, 1:45 PM BST) -- Regulators should force Britain’s biggest accounting firms to break up their businesses to tackle concerns about conflicts of interest and restore public confidence in auditing, a panel of MPs said in a hard-hitting report on Tuesday.

Britain's competition watchdog is being urged by a parliamentary committee to consider a “full structural break-up” of the Big Four accounting firms amid fears about conflicts of interest. (AP) The parliamentary business, energy and industrial strategy committee has urged the competition watchdog to consider a “full structural break-up” of Deloitte, KPMG, PricewaterhouseCoopers LLP and EY, formerly known as Ernst & Young, which would force them to separate...

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