In an interview with Accountancy Age’s sister title Financial Director, he called on the competition authorities in Europe and the US to examine the Big Four’s hold on the market.
Davies said the FSA had ‘considerable concerns’ about the lack of competition for audit services, ‘though it’s not easy to do anything about it in one country,’ he explained.
‘The difficulty is that it is a global issue and probably only the merger taskforce at the EU and US Department of Justice can take this on effectively. I hope that in due course they do.’
He believes the competition authorities are ‘waiting for things to settle down’ before competition issues ‘ come back on the agenda’.
Richard Cartwright becomes the new head, taking over from incumbent head of office David Lemon
Brian Burke, business development director, has moved within the firm to 'develop Quantuma’s networks with Sussex professional firms'
Stephen Mills joins the Manchester office from IBM, where he spent 12 years as an associate partner in the data, analytics and cognitive consulting group
Rupert Guppy will be responsible for capital allowances in the southern region, and joins the firm from specialist consultancy E3 Consulting