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Watchdog calls for UK's big four accountancy firms to be split up

Competition regulator says huge outfits should also have to work with smaller rivals

The “big four” accountancy firms could be partially split up and forced to work with smaller rivals, under proposals made by the competition watchdog following a number of corporate collapses including the demise of Carillion and BHS.

The Competition and Markets Authority (CMA) resisted calls for the breakup of the big four – PricewaterhouseCoopers, EY, Deloitte and KPMG – but said this option could be revisited within five years if the profession does not improve.

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