FTSE 100 auditors scoop £250m in non-audit fees
FTSE 100 audit firms pick up £250m in non-audit fees
Auditors earned more than half a billion pounds on their statutory work for
the FTSE 100 – and another quarter of a billion pounds on non-audit work.
The figures, from
Consulting, have raised questions about the firms’ independence.
Treasury spokesman Vince Cable said more competition was required for the Big
Four firms, and if “Chinese walls” were failing to work within them then the
Office of Fair Trading should consider an enquiry.
shadow business minister Mark Prisk said transparency was key to
ensure there was no conflict of interest – which was preferable to heavy-handed