Audit probe to report in 2013

Marion Dakers
THE COMPETITION Commission has given itself two extra months to investigate anti-trust concerns in the audit market, in a move that could delay plans for new EU laws.

The commission has now penciled in January for revealing its preliminary findings, from November as first planned. The past month has seen a flurry of hearings and submissions as the CC tries to examine all the evidence. A spokesperson said it is not unusual for CC probes to run long, adding that the original timetable was “a little overzealous”.