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External and Internal Audit – An Unhappy Relationship? July 24, 2013

Posted by Audit Monkey in The Joy & Pain of Internal Audit.
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The Competition Commission in the UK has released details of new rules which will force firm’s listed on the FTSE 350 to consider changing their external auditor every five years. An article on this can be found here. This comment on the article caught my eye:
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Big 4 – Can The Strangehold be Broken? September 27, 2011

Posted by Audit Monkey in The Joy & Pain of Internal Audit, The State of the British Nation.
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Some months ago, one of the blog readers sent me a link to an article by Robert Preston, the BBC Business Editor who asked “Can the Stranglehold of the Big 4 Be Broken?” A synopsis; the Big 4 accountancy firms, KPMG, Ernst & Young, PWC and Deloitte audit virtually all of the FTSE 100.  The OFT (Office of Fair Trading) in the UK is worried about the lack of competition, and the possibility that the Big 4 are charging more than they ought.
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