After some of the biggest financial scandals in history the future of the big four accountancy firms, KPMG, PWC, EY and Deloitte is at a crossroads. CNBC’s Tom Chitty explains.
The Big Four, in response to queries from CNBC, said that they have taken steps to enhance audit governance, including engaging with the Financial Reporting Council on the principles of operational separation.
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The post The accounting oligopoly: What’s next for the Big Four? | CNBC Explains appeared first on CNBC Africa.