Bloomberg Tax
Nov. 28, 2022, 5:32 PM

Big Four’s UK Audit Dominance Challenged by Smaller Firms

Michael Kapoor
Michael Kapoor
Freelance Correspondent

The Big Four accounting firms continue to dominate large UK audits, but smaller firms are nibbling away at their market share, a report showed Monday.

Two new small firms audited FTSE 250 companies in the three months to Nov. 9, according to Adviser Rankings Ltd., with a second firm from outside of the Big Four auditing a FTSE 100 company. The Big Four—Deloitte LLP, Ernst & Young LLP, KPMG LLP, and PwC, also known as PricewaterhouseCoopers LLP—nonetheless maintained their dominance, conducting 87% of FTSE 250 audits.

  • RSM LLP’s existing audit client Frasers Group Plc entered the FTSE 100, Adviser ...