Watchdog signals move to curb power of top firms
Mark Leftly is political correspondent at The Independent on Sunday and associate business editor across the Independent titles. He writes a weekly column, Parliamentary Business, published on a Wednesday, that covers politics and the City. He is a multi-award winning reporter and was named Press Gazette's business magazine journalist of the year prior to joining The Independent on Sunday.
Thursday 06 June 2013
The Financial Reporting Council (FRC), which is the accountancy watchdog, could be asked to try to foster competition in the audit market. The Competition Commission signalled this yesterday in its initial findings of a market review earlier this year.
PricewaterhouseCoopers, Deloitte, KPMG and Ernst & Young run the numbers of more than 95 per cent of the FTSE 350.
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