Big 4 Lose Audits to Smaller Firms in 2014, Data Shows
Big 4 firms lost a combined 64 public company audit engagements in 2014 as second-tier national firms snatched up a combined 58 new clients, according to Audit Analytics. The company’s annual summary of auditor changes says KPMG is the only Big 4 firm to win more new engagements than it ...
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Auditors are supposed to keep businesses honest, but how much regulation is the optimum for the auditors – and how onerous and punitive should the enforcement regime be? A new consultation by the U.K. regulator, the Financial Reporting Council, opened on Oct. 1 and has put the vexed question of ...