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FRC outlines plans for radical Big Four separation

Plans to break up the Big Four audit firms are at the early stages but the regulator is aiming for an operational split of audit practices by 2022. 

FRC outlines plans for radical Big Four separation
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Plans to break up the Big Four audit firms

In a first for the global audit market, the UK audit regulator has signalled its intention to radically overhaul the audit market with a carve-out of the audit businesses of the Big Four firms – PwC, Deloitte, EY and KPMG.

Read more at Accountancy Daily. 

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