DEBATE: As the Big Four firms continue to dominate audit, have government efforts so far to reform the market failed? Have government efforts so far to reform the audit market failed? As the Big Four firms continue to dominate audit, have government efforts so far to reform the market failed? David Herbinet, global head of audit at Mazars, says YES. The Financial Reporting Council’s latest figures show that, despite all efforts, the audit market is actually narrowing. A diverse market is vital for audit quality and [...]
