(Reuters) – The “large 4” accounting corporations might be damaged up below plans by UK’s Labour Get together to overtake the auditing trade, Britain’s shadow chancellor John McDonnell informed The Monetary Instances on Friday.
Britain’s shadow Chancellor of the Exchequer John McDonnell arrives on the BBC in London, November 19, 2017. REUTERS/Mary Turner
Lawmakers have accused EY, KPMG, Deloitte and PwC of being an “oligopoly” that checks the books of almost all of the 350 main firms in Britain, with smaller rivals barely taking a look in.
Choices into account by Labour included breaking apart the businesses, or setting a most audit market share for every agency, McDonnell was quoted as saying by the newspaper right here
Reporting by Manas Mishra in Bengaluru; Modifying by Gopakumar Warrier