KPMG, EY, Deloitte and PwC do not have to fear tougher regulation by the EU for the time being.
(Photo: Getty Images (2), ddp, Mauritius)
Dusseldorf, Brussels It is one of the central arguments for the planned split of EY: With the complete separation of consulting and auditing, the group wants to forestall stricter legal regulation, which could go as far as the forced split. But auditing firms have nothing to fear from this in the foreseeable future – neither from the EU nor from the federal government.
Research by the Handelsblatt shows that the EU is postponing further interventions in the audit market by years. Commissioner Mairead McGuinness originally wanted to present further suggestions for improvement and even a legislative initiative by the end of 2022.
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