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- Do not audit each otherThe Big Four audit firms (Deloitte, EY, KPMG, and PwC) do not audit each other1. However, they do audit many international businesses, with 97% of the 350 largest listed companies in the UK being audited by Big Four firms1. In July 2020, the UK Financial Reporting Council told the Big Four that they must submit plans by October 2020 to separate their audit and consultancy operations by 20242.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Shared audits used to be common for many international businesses but, over time, larger listed companies have migrated to being audited by one audit firm. In the UK, 97% of the 350 largest listed companies are audited by Big Four firms.www.icaew.com/-/media/corporate/files/technical/a…In July 2020, the UK Financial Reporting Council told the Big Four that they must submit plans by October 2020 to separate their audit and consultancy operations by 2024.en.wikipedia.org/wiki/Big_Four_accounting_firms
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WEBAug 8, 2023 · Learn about the origins, services, and differences of the Big 4 accounting firms: KPMG, PwC, EY, and Deloitte. The article does not address whether they audit each other or not.
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