I spoke to AAT Comment about the likelihood of change in the UK’s audit sector and in my opinion, it will take a lot to persuade the non-audit side of businesses to happily split.
The mid-tier firms face a catch-22, where none of them are going to invest in hundreds of specialist staff across hundreds of countries unless they’ve got the pipeline, but they can’t get the pipeline until they have the investment.
I think that moving forward, there will still be many companies that only the Big Four can physically manage in the short and mid-term. But hopefully over time, the balance will change.
To read the full article, go to: AAT Comment – 4 things that could reshape the future of audit