MAZARS has created a dedicated UK advisory board to target the audit business of FTSE 350 companies.
The firm said it aims to pick up business from companies considering their audit options as a result of competition inquiries into the audit market.
The board has been formed with the appointment of Gerald Raingold, a former managing director of investment banking and capital markets at BNP Paribas, and John Grosvenor, a former senior global partner at PwC.
David Herbinet, head of public interest markets for Mazars in the UK said it is clear that many FTSE 350 businesses are ‘considering their options’.
“The recent EU inquiry and the current Competition Commission inquiry in the UK into the audit market ask hard questions about the status quo,” Herbinet said.
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