The regulator is to announce moves this week to invite debate on the ownership of accountancy firms in an effort to increase choice in the audit market, to prevent a crisis if one of the large firms should fail.
The announcement will come with a progress report by the Financial Reporting Council on its project to improve competitiveness.
The FRC is also expected to announce plans to get prove equity funds and large unquoted companies to help foot the regulator's £12m annual budget, with an extension of levies to quoted AIM and Plus market companies.
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