UK to consider proposals to curb Big Four auditors: industry official

LONDON (Aug 29): Britain’s competition watchdog is expected to formally consider proposals from top accountants to curb the market share of the “Big Four” auditors, a senior industry official said on Wednesday.

Michael Izza, chief executive of the ICAEW, a professional accounting body, said he and other industry officials met with Competition and Markets Authority (CMA) staff on Tuesday to present ideas to increase auditor choice for companies.

“It was a very cordial meeting that lasted over an hour. They were very much in listening mode,” Izza said.

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