BEIS Committee Recommends CMA Breaks Up ‘Big Four’ Audit Firms
The Competition and Markets Authority (CMA) should aim for the full structural break-up of the ‘Big Four’ firms into audit and non-audit businesses, according to the Business, Energy and Industrial Strategy (BEIS) Committee. In its report, The Future of Audit, the Committee endorses the CMA’s proposed operational split between audit and non-audit but argues that going further