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Global Audit Giants Resist MPs' Plans For Breakup

Law360, London (July 12, 2018, 12:43 PM BST) -- Three of the world’s biggest auditors have resisted U.K. lawmakers’ plans to break up the “Big Four,” warning that the move could threaten the quality of audits and saying they need large international teams to carry out their work effectively.

Deloitte Touche, KPMG International and PricewaterhouseCoopers PLC have protested at proposals by two parliamentary committees, correspondence released on Thursday by one of them — the work and pensions committee — reveals.

“We do not believe this is a viable solution … and would be concerned that it would...
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