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FTSE 250 Auditors Survey 2019

In the exclusive Accountancy Daily survey of the FTSE 250, the stranglehold of the Big Four auditors on the £274m audit market highlights a complete failure to create a competitive audit market, with mid-tier firms standing on the sidelines, failing to grasp more than a handful of opportunities. Philip Smith analyses current audit fees, non-audit services and tender activity, assessing whether the market can be reformed 

As audit fees continue their inexecrable rise in the FTSE 250, the heat has been turned up to boiling point on those charged with auditing the mainstay of UK plc. According to exclusive research by Accountancy Daily, the level of audit fees for the FTSE 250 has broken through the £200m barrier for the first time ever, an increase of 6% to £203.6m over last year’s survey figure of £192m.

The constituent members of the FTSE 250 have inevitably changed during the last 12 months as a result of mergers, delistings, promotions to the FTSE 100 and demotions out of the second tier index.

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