The Big Four’s dominance of the U.K. audit market has grown even further in the past year, according to the Financial Reporting Council’s latest report.
The latest “Key Facts and Trends in the Accountancy Profession” report by the FRC revealed that the world’s largest audit firms—EY, KPMG, PwC and Deloitte—increased their combined total fee income by 4.7 percent in the past year to £10.95 billion (U.S. $14.1 billion), with audit fee income growing by 1.7 percent to £2.1 billion (U.S. $2.7 billion).
