Wednesday 14 December 2011

UK: Competition Commission's audit market inquiry - issues statement published

The Competition Commission has published an issues statement as part of its inquiry into the audit market: see here (pdf). The statement draws on evidence so far received by the Commission and sets out some initial theories of what might be adversely affecting competition and what might be the adverse outcomes. These theories and findings provide the framework for the Commission's investigation (they are not, the Commission states, findings or conclusions).

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