UK watchdog asks big 4 to separate audit practices
LONDON: The UK dominant accounting firms must separate their audit units from other businesses by June 2024 as the country’s accounting watchdog reacts to shortcomings that led to the collapse of several companies. The Financial Reporting Council is asking the so-called Big Four — KPMG, Deloitte, Pricewaterhouse-Coopers LLC and Ernst & Young — to agree … Read more