It will take more than a merger for BDO to challenge rivals

The Competition and Markets Authority and government still need to shake up the auditing industryAlways read the qualifications in an audit report. The same applies to the planned merger of BDO and Moore Stephens to create the UK’s fifth largest firm of auditors and consultants. The deal signals “desire” to improve competition at the top end of the market, according to the partners. That is a long way short of being a claim that the UK’s cosy-looking auditing industry is