Sector Regulation Sector Regulation

Auditors face being struck off under plans for new UK watchdog powers

By Fiona Maxwell and Phoebe Seers
  • 12 Apr 2022 07:53
  • 12 Apr 2022 07:53
The UK's biggest accountancy firms should see a plan for new regulatory powers to restrict or even remove their audit licenses for substandard performance announced this week.

The new powers for the Financial Reporting Council would target the Big Four of KPMG, Deloitte, Ernst & Young and PricewaterhouseCoopers and other firms that audit

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