France points way for UK shake up of audit market

  • 📰 Reuters
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 97%

مصر أخبار أخبار

مصر أحدث الأخبار,مصر عناوين

Taking on the Big Four accounting firms will remain a lengthy and costly challen...

LONDON - Taking on the Big Four accounting firms will remain a lengthy and costly challenge for smaller rivals in Britain despite the regulatory leg-up unveiled on Thursday, but France has shown it can be done over a decade.

Though the changes are likely to take some time to make it into law, joint audits in France have enabled smaller rivals like Mazars to work alongside the Big Four and win the confidence of bigger clients. Deloitte, for example, employed 286,000 staff in 2018 compared with 80,000 at BDO and 52,686 at Grant Thornton, according to IAB.

“Shareholders, audit committees and the regulator must have total confidence in the ability of these firms to complete this work before the market can move ahead with this recommendation,” KPMG said. The CMA said only 44 percent of the 120 top listed companies in France are audited by two Big Four firms, and challengers often have around 40 percent of the joint audit.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 2. in EG
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

UK watchdog orders ringfencing of Big Four audit businessBritain's 'Big Four' accounting firms must ringfence auditing fro... RT : UK watchdog orders ringfencing of Big Four audit business
مصدر: Reuters - 🏆 2. / 97 اقرأ أكثر »

Regulators Propose Sweeping Changes to U.K. Audit IndustryA U.K. regulator is proposing sweeping changes to rules governing the nation’s audit industry, with the aim of boosting competition, avoiding conflicts of interest and restoring the reputation of a sector that has been tarnished by corporate scandals.
مصدر: WSJ - 🏆 98. / 63 اقرأ أكثر »

UK parliament 'very likely' to consider new Brexit referendum, says British finance ministerBritish finance minister Phillip Hammond said Friday he believed it was 'very likely' a second Brexit referendum would be put to parliament. traitors, you know Just as well as the one concluded was the result of fraud perpetrated by the likes of NigelFarage...
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »