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Europe Daily Bulletin No. 9786

20 November 2008
Contents Publication in full By article 17 / 34
GENERAL NEWS / (eu) eu/financial services
Commission consults on audit market

Brussels, 19/11/2008 (Agence Europe) - The European Commission has launched a consultation exercise, to run until 28 February 2009, on possible ways to increase competition on the business audit market. In 2007, in terms of revenue from services such as auditing, insurance, and tax advice, the famous “Big 4” of Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers shared 80% of the total market. The Commission fears that the financial crisis could widen the gap between these four...

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