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UK regulator to get power to split audit, consulting arms of big accountancy firms - Sky News

· 02/04/2021 15:37
UK regulator to get power to split audit, consulting arms of big accountancy firms - Sky News

- Britain's new audit regulator will be given the ability to enforce a formal split between audit and consulting arms of big accountancy firms, a Sky News reporter tweeted on Thursday.

The government consultation document regarding the plans will be coming in weeks, the tweet said.


(Reporting by Sabahatjahan Contractor in Bengaluru; Editing by Leslie Adler)

((Sabahatjahan.Contractor@thomsonreuters.com; within U.S. +1 646 223 8780 outside the U.S. +918067492635;))