PracticeAccounting FirmsDeloittes concerned over competition issues

Deloittes concerned over competition issues

Deloitte Touche Tohmatsu may complain to competition regulators over the potential tie-ups between embattled firm Andersen and rival accountancy firms.

Jim Copeland, Deloittes chief executive, has said he was concerned that some rescue deals involving Andersen’s individual practices would damage competition, the FT reported today.

Copeland said: ‘We’ll complain to regulators in those areas where we think an alliance would be unfair competition.’

The threat follows failed take over talks between Deloittes and Andersen for the besieged firm’s non-US operations.

PricewaterhouseCoopers, the world’s largest accountancy firm, last week negotiated a deal for Andersen’s Hong Kong and China practices, while Ernst & Young has snapped up the firm’s New Zealand and Russian operations.

KPMG is in talks to pick up all of Andersen’s non-US operations.

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