European Union unveils tough new rules for 'Big Four' accountants
The Big Four accountants could find themselves being stripped of their most lucrative audit deals every 10 years, according to tough new rules proposed by the European Union.
Internal markets commissioner Michel Barnier was finally able to welcome an agreement struck between the various branches of the EU that would force companies to change auditor once a decade.
The four firms that so dominate Europe’s audit market - KPMG, EY, Deloitte and PricewaterhouseCoopers – have already been hit by UK Competition Commission reforms this year. These changes will force listed companies to put the audit role out to tender every 10 years, but the EU has gone further and said that the incumbent beancounter will not even be able to pitch for the role again.
Exclusive: World’s most pristine waters are polluted by US Navy human waste
Saint Patrick's Day 2014: Chicago River turns green
Saint Patrick's Day: Google Doodle marks patron saint of Ireland - here are 10 things you didn't know about the man
Missing Malaysia Airlines Flight MH370: Did jetliner fly into area controlled by Taliban? Net widens after claims final satellite signal could have been sent from the ground
Nasa-funded study warns of ‘collapse of civilisation’ in coming decades
Ukip and Nigel Farage on course for remarkable victory in European elections
Tony Benn was entirely ineffectual - and usually wrong
Katie Hopkins continues campaign to become Britain's most hated talking head with poorly timed Bob Crow tweet
No EU referendum under Labour: Ed Miliband to reveal that vote on membership is ‘unlikely’ in next Parliament if party wins power
Britain’s five richest families worth as much as poorest 20 per cent, says Oxfam
The rise of Ukip: Study warns Labour that Eurosceptic party's electoral base now 'more working class than any of the main parties'
- 1 Is your name now 'banned' in Saudi Arabia?
- 2 Gender-specific books demean all our children. So the Independent on Sunday will no longer review anything marketed to exclude either sex
- 3 Missing Malaysia Airlines Flight MH370: Did jetliner fly into area controlled by Taliban? Net widens after claims final satellite signal could have been sent from the ground
- 4 Nasa-funded study warns of ‘collapse of civilisation’ in coming decades
- 5 'Missing Malaysia Airlines Flight MH370 plane found in Bermuda Triangle!' Viral Facebook links are profiting hackers
iJobs Money & Business
£35000 - £60000 per annum + Bonus + Benefits: Pro-Recruitment Group: You must ...
£32000 - £42000 per annum + Bonus and Benefits: Harrington Starr: A leading pr...
£60000 - £65000 Per Annum plus car allowance and excellent benefits: Clearwate...
£55000 - £65000 per annum: Harrington Starr: Front Office Support Analyst -Cha...