PwC attacks watchdog's suggestion Audit Commission could become next big firm
PwC has rounded on the UK’s corporate reporting watchdog over its suggestion the Audit Commission could be transformed into a big-five audit firm.
Paul Woolston, head of public sector assurance at PwC, criticised the Financial Reporting Council’s suggestion the Audit Commission be used to create a fifth player in the audit industry, currently dominated by the Big Four – PwC, Ernst & Young, Deloitte and KPMG.
“It is at least ironic that the FRC has said what it has, in that the Audit Commission itself has operated with a large monopoly,” he said.
See full Article.
Posts
