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12.06 - 12:54
Big Four firms have until 2024 to spin off audit arms
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fnlondon.comThe UK’s four largest audit firms — who hold the majority of audit contracts for the largest listed companies — have been given until 2024 to separate their audit businesses from the rest of their advisory work.
The Financial Reporting Council said on 6 July that it is asking the four — PwC, KPMG, EY and Deloitte — to agree to hive off their audit operations and provide a transitional timetable by 23 October.
The...
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