UK: Competition Commission statutory audit market services inquiry - remedy implementation timetable revised

The Competition Commission has revised the administrative timetable for remedy implementation in respect of its statutory audit services market inquiry: see here (pdf) and here (pdf). Consultation on the Commission's final Orders will now take place in the third quarter of this year, with implementation in the final quarter. This will permit the Commission to consider the implications of European audit reform proposals, political agreement in respect of which was reached last month.