UK: As skepticism high for Big Four breakup, Commission may release probe results this week
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.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Google and South Carolina Clash Over State Records Demand
May 8, 2024 by
CPI
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
EU to Scrutinize Telecom Italia’s Network Sale to KKR
May 8, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI