RE: Auditor19 Jan 2023 13:05
With the change in the auditing rules, its pretty much just the big four who provide the required service as the smaller auditors would be required to firstly get registered to do PIE's, then they need to register their Responsible Individuals to be able to do the audit. Hence Jefferies pulled out of the market.
'In 2021, the Big Four audit the majority of PIE clients, with PwC auditing 424 PIE audits, KPMG 279, EY 262 and Deloitte 302, according to the FRC data. Among the mid-tier and smaller firms, many, including Haines Watts, Watson Buckle and BSG Valentine, had just one PIE audit each.'