“In making our recommendations, we have applied a principle that any change must enhance audit quality, therefore improving trust and confidence in the UK’s capital markets,” said David Sproul, chief executive of Deloitte in the UK and north-west Europe. “We propose banning all non-audit services to FTSE 350 and large public interest entity audit clients.”
The most plausible short-term forecasts are, well, pretty dull. David Sproul, chief executive of Deloitte in the UK, argues that breaking up the Big Four is not the answer to the audit sector’s problems.
