A PYMNTS Company

UK: As skepticism high for Big Four breakup, Commission may release probe results this week

By  |  February 18, 2013

According to reports, the UK’s Competition Commission, which has twice-delayed the results of its preliminary probe into the “Big Four” accounting firms, is hoping to release its findings this week. The investigation into Britain’s top 350 firms began in 2011 after the House of Lords found listed companies apparently use the same accountant for 48 years, on average. The Big Four – KPMG, PwC, Ernst & Young and Deloitte, dispute the claim. According to reports, the market structure of having the Big Four lead the way in Britain is quit similar to the global market. While the market dominators are scrutinized, the media reports it is unlikely they will be broken up.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

     

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Full Content: Reuters

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.