Call for government inquiry into Big Four accounting firms

rachel reeves at Carillion inquiry

Competition and Markets Authority should begin probe in wake of Carillion debacle, report says

MPs behind the inquiry into Carillion’s collapse have called on government to commission a review into the statutory audit market.

The MPs’ findings, which were released today, made a number of recommendations in order to prevent another Carillion-like collapse.

Led by business committee chair Rachel Reeves (pictured) and her counterpart on the work and pensions committee, Frank Field, the inquiry found there was a ”danger of a crisis of confidence in the audit profession.”

This is premium content

Only logged in subscribers have access to it.

Login or Subscribe to view this story

Existing subscriber? LOGIN OR

Take out a Premium or Digital subscription and you will get immediate access to:

  • Breaking industry news as it happens
  • Expert analysis and comment from industry leaders
  • Unlimited access to all stories, including premium content
  • Full access to all our online archive

Get access to premium content subscribe today

Alternatively REGISTER for free access on selected stories and sign up for email alerts.