The UK 's Competition and Markets Authority ( CMA ) has suggested the Big Four accounting firms— Competition and Markets Authority , Michael Izza , UK and Deloitte —should ringfence their auditing businesses from their consultancy arms. FILE PHOTO: Following a series of high-profile accounting failures at UK businesses, the CMA also recommended the UK 's top listed companies use one auditors, with one of these being a non-Big Four firm. It is now up to the UK government to implement the watchdog's recommendations, which will be revisited in the coming months time to assess whether further measures are needed.
The UK 's Competition and Markets Authority ( CMA ) has suggested the Big Four accounting firms— Competition and Markets Authority , Michael Izza , UK and Deloitte —should ringfence their auditing businesses from their consultancy arms. Following a series of high-profile accounting failures at UK businesses, the CMA also recommended the UK 's top listed companies use one auditors, with one of these being a non-Big Four firm. It is now up to the UK government to implement the watchdog's recommendations, which will be revisited in the coming months time to assess whether further measures are needed.