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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.