Mazars ask for joint audits to be considered
Global audit firm leaders believe joint or consortia audits should be considered in an effort to break up concentration of the audit market.
Keywords: Joint audits, Consortia audits, Mazars
The global chiefs of Mazars, BDO, Grant Thornton International and RSM International told the International Accounting Bulletin that joint or consortia audits offer firms outside of the Big Four a chance to prove they can provide quality audit services to clients that would otherwise be unattainable.
They hope that the EC will consider whether joint or consortia audits can be successfully implemented in its attempts to reform the audit market.