Tuesday, 30 January 2018

Carillion collapse sparks break up call for 'Big four'

The UK's biggest accountancy firms are facing renewed scrutiny in the wake of the collapse of Carillion.

Frank Field, the chair of the Work and Pensions Committee, asked whether KPMG, PwC, Deloitte and EY should be broken up in the wake of the firm's collapse.

Accountancy watchdog head Stephen Haddrill, agreed that the UK's four largest firms needed more competition.

He said there had been no recent entries from smaller companies to the top of the accounting industry market.

BBC     News.