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Global regulators want to limit accountants' say on audit rules

Reuters  |  LONDON 

By Huw JonesLONDON (Reuters) - Global regulators want to shake up how corporate audit rules are written to curb the influence of accountants and avoid any conflict of interest.Audit rules are currently written under the umbrella of the International Federation of Accountants (IFAC), a global body that represents a profession dominated by the "Big Four" - PwC, Deloitte, KPMG and EY - which also check the books of nearly all blue chip companies globally.Regulators now want audit rulemakers who are independent of the accounting industry, and issued a paper for public consultation on Thursday ...

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First Published: Fri, November 10 2017. 06:43 IST