Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/72091
Authors: 
Véron, Nicolas
Year of Publication: 
2006
Series/Report no.: 
Bruegel Policy Contribution July 2007
Abstract: 
Nicolas Véron responds to a consultation by the UK Financial Reporting Council and makes recommendations on how to address the audit market problem' resulting from the presence of only four international audit networks. Eventhough serious problems would be created by the disappearance of one of these Big Four', policymakers should not try to protect them at any cost. Before envisaging measures on audit firm liability or change in ownership rules, more evidence should be gathered on key issues of the debate, and firms should provide more transparency about their financials and governance arrangements.
Document Type: 
Working Paper
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