KPMG has announced an overhaul of its UK governance structure in response to a recommendation by the competition watchdog for an operational split between the Big Four firms’ audit and consulting arms.
The firm will create a new audit executive committee in the UK with responsibility for managing the performance and risks of that part of the business, in response to the Competition and Markets Authority’s conclusion that audit arms should have a separate chief executive and board.
via KPMG to reform UK governance in response to audit market review | Financial Times.
