BY THE TIME you read this, the landscape of the audit market will likely have been subject to dramatic, tectonic change. The latest Financial Director audit survey shows the Big Four accountancy firms continuing to dominate the FTSE 350 audit market, while smaller non-listed companies mimic their larger peers in picking the best names available to vet their accounts. This is all set to change.
The industry stands on the cusp of the most radical overhaul in its history. An investigation into the Big Four’s concentration of the market is set to break their stranglehold of large-listed audits and potentially pave the way for smaller firms to make inroads into a previously closed market.
See full Article: http://www.accountancyage.com/aa/feature/2250086/the-financial-director-2013-audit-survey
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