Deloitte, EY, KPMG, PwC should be probed for cartel conduct: Labor

Labor has asked the competition regulator to investigate the big four accounting firms Deloitte, EY, KPMG and PwC over allegations of cartel-like behaviour, warning of conflicts of interest between their audit functions and lucrative consulting businesses.

Big four Deloitte, EY, KPMG and PwC should return to auditing roots

The written request, by shadow assistant treasurer Andrew Leigh and Labor member Julian Hill, asks Australian Competition and Consumer Commission boss Rod Sims to examine the structure of the auditing market given the dominance of the big four firms.

Read the full article at the Australian Financial Review.

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