This interview based study investigates the lack of competition and choice in the audit market and the establishment by the FRC of the Market Participants Group.
Competition, choice and governance in the UK audit market: Interview evidence
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The large listed audit market is dominated by the Big 4 accounting firms; this has led to concerns about the lack of competition and choice in the audit market and the establishment by the FRC of the Market Participants Group. Most stakeholders agree that additional choice in the audit market would be beneficial but should this be left to market forces or should regulatory measures be adopted? This interview based study investigates.