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U.K.: UK competition watchdog sees no audit market collusion

By  |  September 25, 2012

Britain’s competition watchdog said its probe of the country’s market for company audits has not uncovered any evidence so far of collusion among big accounting firms over market share. “Accordingly, whilst many of the market conditions conducive to tacit collusion in relation to market share appear to be satisfied, we do not currently have the further evidence necessary to establish that there has been tacit coordination,” the Competition Commission said in a paper on Monday.

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