World Accounting Report
Spotlight on UK audit developments
Following the collapse of Carillion, the past year has seen audit moving up the political agenda in the UK. The Competition
and Markets Authority (CMA) has recently announced a review of the audit market which could have far-reaching consequences
for the Big Four. While the CMA review is focusing on the UK audit market, its recommendations are likely to have broader
ramifications for the international networks of the audit firms and their clients.