UK accountancy firms Deloitte , PwC , KPMG and EY collectively spent almost £ 700,000 ( $ 5000 ) entertaining their largest customers in the past two years . The companies , known as the Big Four , were forced to reveal the allegations by a Commons business committee , amid complaints the quartet were too friendly with the top 100 and FTSE 250 firms they represented . Ethical standards imposed in 2016 by the audit watchdog meant companies could not give or receive favours or gifts unless " unless trivial or inconsequential " . The Big ##dog said they were compliant with " requirements laid out by regulators and the law " .
UK accountancy firms Deloitte, PwC, KPMG and EY collectively spent almost £700,000 ($91,378) entertaining their largest customers in the past two years. The companies, known as the Big Four, were forced to reveal the figures by a Commons business committee, amid complaints the quartet were too friendly with the FTSE 100 and FTSE 250 firms they audited. Ethical standards imposed in 2016 by the audit watchdog mandating companies could not give or accept favours or gifts unless "unless trivial or inconsequential". The Big Four said they were compliant with "requirements laid out by regulators and the law".