The UK Competition and Markets Authority (CMA)

18/04/2019

The UK Competition and Markets Authority (CMA) published its final report on the UK audit market, recommending the operational separation of audit from consulting services, mandatory ‘joint audit’ to enable firms outside the Big 4 to develop the capacity needed to review the UK’s biggest companies, and the introduction of statutory regulatory powers to increase accountability of companies’ audit committees.

https://www.gov.uk/government/news/cma-recommends-shake-up-of-uk-audit-market