‘Big Four must shed clients’

‘Big Four must shed clients’

Insurer calls for drastic action

The Association of British Insurers has said the the countrys’ biggest audit
firms should be forced to shed clients if they build up excessive market share.

Such a position, the ABI said could damage the companies and investors they
serve, the ABI said.

The ABI has been one of the strongest opponents to the Big Four’s dominance
of the listed audit market.

But it will face stiff resistance from within the industry, particurlarly
from the Big Four, who will fight any attempts to rid them of their biggest
clients and key revenue streams.

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