Head of industrys watchdog says competition authorities should examine the sector
MPs on the work and pensions select committee were told auditors and Carillion were all mates.
Photograph: Daniel Sorabji/AFP/Getty Images
Britains four biggest accountancy companies are facing fresh scrutiny, with the head of the industry watchdog calling for the competition regulator to investigate their auditing activities following the collapse of Carillion.
Stephen Haddrill, the chief executive of the Financial Reporting Council (FRC), told MPs at a joint select committee hearing on Tuesday that there should be more competition in the major accounting and audit area.
Haddrill sa…
Read the full article at: https://www.theguardian.com/business/2018/jan/30/carillion-collapse-prompts-fresh-scrutiny-of-uk-accounting-giants
