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Select Committee · Economic Affairs Committee

Auditors: market concentration and their role

Status: Closed Opened: 27 Jul 2010 Closed: 14 Mar 2012 2 reports
Inquiry scopeAudit is dominated globally by the Big Four. The narrow field of choice raises concerns about competition and the quality of audited accounts, and about possible conflict of interest between audit and consulting arms. Questions have also arisen whether auditors could have mitigated the banking crisis of 2008 by alerting investors to the riskiness of the assets held by banks. Call for Evidence Further information and correspondence

Reports

2 reports

Correspondence

2 letters

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PublishedDirectionLetter
20 Nov 2012 To committee Letter from Norman Lamb MP to the Chairman
31 Oct 2012 To committee Letter from Norman Lamb MP to the Chairman