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Deloitte, EY, KPMG, PwC back in spotlight, under probe in Britain

The sector's so-called Big Four" have a long-established oligopoly to advise and monitor big business, experts say

Probe, IT probe
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Illustration: Binay Sinha

AFP | PTI London
Almost two decades after the collapse of US giant Enron in a notorious accounting scandal, the accountancy sector is back in the spotlight, this time thanks to a string of scandals in Britain.
 
The sector's so-called Big Four” — Deloitte, EY, KPMG and PwC — have a long-established oligopoly to advise and monitor big business, experts say. The companies engage in a wide range of activities, from accounts auditing and strategy consulting to proposed mergers and acquisitions, restructuring and taxation.
 
However, a series of high-profile corporate collapses in Britain — including retail giant BHS in 2016 and construction