Archives for PricewaterhouseCoopers

Regulator tells big four auditors to accelerate break-up plan | Business News

Regulator tells big four auditors to accelerate break-up plan The big four accountancy firms have been told by watchdogs to accelerate the ring-fencing of their audit businesses by bolstering independent governance and improving financial transparency. Sky News has learnt that the Financial Reporting Council (FRC) wrote to the quartet – Deloitte, EY, KPMG and PricewaterhouseCoopers (PwC) – this week to set out details of the ‘operational separation’ blueprint that it hopes will improve audit quality following a string of events corporate scandals. In the letter, the FRC is understood to have told the four firms, which collectively have a dominant
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