The U.K. is mulling a ban against the “big four” accounting firms in providing consulting, remuneration and tax advice to the major private companies they audit, the Financial Times
- The government is considering giving the FRC powers to restrict
PwC, Deloitte, KPMGand EY, as well as smaller accounting firms, from providing advice
- FRC is working with the government on “how far to go down this path”
- Under the early-stage plans, private companies of “significant public interest” would have to replace their auditor or completely...