Call for government inquiry into Big Four accounting firms

By Jordan Marshall2018-05-16T00:01:00

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.”

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