FRC comment on the CMA's review of the audit sector
News types: Codes and Standards Announcements
Published: 9 October 2018
Following the Competition and Markets Authority's launch of its review of the audit sector, an FRC spokesperson said:
“We have expressed concern about concentration at the top of the audit market so we welcome this announcement.
“We will work closely with the Competition and Markets Authority as they carry out this study. It is essential that there is widespread confidence in the quality of company audit in the United Kingdom”.
“We have expressed concern about concentration at the top of the audit market so we welcome this announcement.
“We will work closely with the Competition and Markets Authority as they carry out this study. It is essential that there is widespread confidence in the quality of company audit in the United Kingdom”.