Released 14 July 2021
The Financial Reporting Council (FRC) has published new data which revealed challenger audit firms have increased their share of FTSE 250 audits from 4.8% to 7.6%. However, all FTSE 100 companies continue to be audited by a Big Four firm.
The FRC’s latest Key Facts and Trends in the Accountancy Profession found that the five largest challenger firms outside the Big Four audited 19 FTSE 350 companies, up from 10 the previous year.
Further information can be found at https://www.frc.org.uk/news/july-2021/challenger-firms-increase-their-share-of-the-ftse.