Deloitte’s U.K. Revenues Up as It Grabs Bigger Audit Share

Deloitte LLP has continued to aggressively increase its share of the U.K. audit market despite political complaints that the big firms have squeezed smaller accounting firms out of public-company auditing, leading to a lack of competition and lax auditing.

The firm increased its share of FTSE 100 audits to 27 percent, from 23 percent at the end of September 2017 and just 18 percent in December 2014.

Deloitte’s Audit and Risk Advisory revenues surged by 10.2 percent in the U.K. and Switzerland to just over 1 billion pounds in the financial year that ended in May 2018, a spokesman told ...