KPMG’s Griffith-Jones in favour of another big player

John Griffith-Jones, the chairman
of KPMG Europe, has denied that
there exists a cosy relationship between the Big Four, adding that he would
welcome the entrance of a fifth or sixth major player.

In an
interview with The Scotsman,
he said he was a great believer in competition.

‘I’m surprised at the accusations of a cosy relationship. As a group of
professionals there is some pretty earnest competition going on,’
Griffiths-Jones said.

The FRC is currently looking at ways to open up the audit market, in an
attempt to broaden choice.

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