Critics query report into dominance of 'big four' auditors

FTSE 350 companies should be made to consider other firms because the task of auditing accounts is too important to be left uninterrupted for long periods, it said, though the Commission stopped short of forcing companies to switch provider. The proposal was part of the Commission's provisional findings into competition in the audit market, which is currently dominated by Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers. Laura Carstensen, chairman of the Commission's audit market investigation group, said: "More frequent tendering will ensure that companies make regular and we...