FRC to look to at whether it needs to continue work on extending audit market
The UK financial reporting watchdog will consider whether it needs to continue work on developing a broader audit market for big companies, according to the Financial Reporting Council (FRC) plan of work for 2010-2011.
The FRC's new chief executive Stephen Haddrill recently told Accountancy Age he did not believe there was a need to work towards extending the Big Four firm to a Big Five.
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The FRC’s reporting experts will also review 300 sets of accounts from target industries including media, advertising, commercial property and IT.
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