Big Four has FTSE350 audit monopoly
The Big Four has maintained its almost complete stranglehold on the audits of the largest listed companies in the UK, with this dominance extending to the FTSE350.
The Big Four has maintained its almost complete stranglehold on the audits of the largest listed companies in the UK, with this dominance extending to the FTSE350.
Link: Click here to download the survey in full
In the seventh annual audit fees survey by Financial Director magazine, which for the first time was expanded to include the FTSE250, the Big Four audited all but eight of the FTSE350.
The survey also found that there had been a decline in the amount of money spent on non-audit services, not surprising given the Enron-fuelled obsession with auditor independence.
It also revealed a much greater degree of transparency and disclosure in the notes on audit and non-audit fees.
Click here to download the survey in full
The numbers you crunch tell a story. Your expertis...
20yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe Bank of England has appointed Ernst and Young LLP (EY) as its external auditor from the financial year ending 28 February 2025. Read More...
View articleThis follows an investigation into undisclosed personal loans and issues with an acquisition. Despite challenges, the company aims to achieve £1bn in ...
View articlePwC's decision to delay promotions in its graduate scheme, affecting around 100 graduates, is a response to reduced client demand and the aftermath of...
View articleTraditionally, audit schedules have been prepared manually, consuming significant time and resources. However, with the advancements in Artificial Int...
View articleThe FRC is promoting initiatives to foster a more competitive market, following recent high-profile accounting scandals. Read More...
View articleOn January 27, it was reported EY had quit as auditor to Asda amid one of its senior partners starting a romantic relationship with billionaire chief ...
View articleDespite the increased interest in AI and ML, only 12% of respondents indicate their organisations have adopted AI and ML within their audit functions....
View articleAs the government's independent investigation progresses, it is hoped that a clearer picture will emerge, leading to meaningful reforms within the aud...
View article