Economic affairs committee will examine the dominence of the Big Four and whether auditors should have done more in the crisis
The audit market is to come under the scrutiny of the House of Lords which will look at the domination of the Big Four and whether auditors should have done more ahead of the banking crisis.
Lord MacGregor, chairman of the Lords economic affairs committee, said: "The auditing industry has been dominated by a very small number of players for some time now. We will look at the scope for promoting more competition."
See full Article.
Posts
