Regulator urges inquiry into breaking up big four accountancy firms

Making KPMG, Deloitte, PwC and EY spin off auditing arms could end conflict of interest, says FRC
A break-up of Britain’s big four accountancy firms could end their dominance in auditing the accounts of large companies and address a crisis of confidence facing the sector after a series of scandals, a UK regulator has suggested.Stephen Haddrill, the chief executive of the Financial Reporting Council, which regulates the sector, called for an investigation into whether KPMG, Deloitte, PwC an