PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The so-called ‘big four' will need to set up separate management, accounts and remuneration; appoint a separate chief executive and board; separate financial statements; and, end profit-sharing between...
Defer to 2021/2022
FCA offers response to column
GABRIEL and furloughing
UK investors lost hundreds of thousands of pounds
Lifts advisers to seven
Income from advice fees down