I recently read that the Office of Fair Trade is to investigate the ‘big 4’ with a Competition Commission Investigation unless a solution to open up the large company audit market can be found.
Do you guys think this is a good thing? Do the big 4 have too much power, both in terms of the type of work and prestiege?
Is an investigation good for the profession ?
I have long thought that the ‘big 4’ enjoy monopolistic power and should be forced to lessen their grip in certain areas of commerce. I’d like to know what everyone else thinks.