KPMG to phase out non-audit work for British bookkeeping clients

KPMG will phase out advisory work for its British accounting clients, marking a first for the "Big Four" firms trying to head off a possible break-up.The Competition and Markets Authority (CMA) is under pressure to consider separating out the audit and non-audit operations of KPMG, EY, PwC and Deloitte to make it easier for smaller rivals to expand and increase customer choice.Bill Michael, head of KPMG in Britain, told partners in a note on Thursday that it will phase out non-audit work for top