Financial Times (September 26)
2011/ 09/ 28 by jd in Global News
“The business model of the Big Four accounting firms is under attack from the European Commission, which is pushing for tough rules that would force the firms to abandon their consultancy businesses and share audit work with smaller rivals.” The draft legislation is hardly a sure thing and the Big Four will likely do all they can to fight it, but Michel Barnier, the EUs internal market commissioner, is supporting the legislation as way to restore confidence in financial reporting.
Tags: Accounting, Audits, Big Four, EU, Financial reporting
