The competition regulator's perceptive
analysis of the audit market is let down by simplistic remedies, says
Jonathan Hayward
Towards the end of February, the Competition Commission published
the provisional findings of its 18-month enquiry into the market for
statutory audit of FTSE 350 companies, together with its 'Notice of
possible remedies under Rule 11'. The two documents combined come
in at 310 pages, plus 30 appendices of a length best not contemplated.
No-one could accuse the Commission of not being thorough.
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