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Accounting Firms

Cost to break Big Four dominance rises to £1bn

The cost of the ‘managed shared audit’ proposed was estimated to be in the region of £210m last year, but has since increased dramatically

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The cost of plans to break the stranglehold of the Big Four accountancy firms – by forcing companies to hire two sets of auditors – has risen to almost £1bn over 10 years according to latest government estimates, the Financial Times has reported.

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