UK: auditors: market concentration and their role - enquiry begins

The House of Lords Economics Affairs Committee yesterday launched an enquiry which will explore the issues arising from the 'Big Four' accountancy firms' domination of the audit market. The Committee will also consider whether auditors should have done more ahead of the banking crisis to alert investors to the riskiness of banks' assets. Further information is available here and the Committee's call for evidence is available here (pdf).