Deloitte CEO responds to the Competition and Markets Authority (CMA) Statutory Audit Market Study - Update Paper

David Sproul, Senior Partner and Chief Executive of Deloitte, said:
“We need a competitive, high quality audit sector that works for shareholders, wider society and businesses, and maintains the UK’s position as a leading capital market.

“It’s clear that trust and confidence in the role of the profession is not where it should be and we are supportive of change that enhances audit quality and maintains the competitive position of the UK as we prepare to leave the EU.

“This is a critical moment for the profession in the UK and internationally. The CMA provisional findings, the Kingman review and the announcement of Project Flora offer a unique opportunity to develop an audit market and structure that meets the needs of 21st century stakeholders.

“We will carefully analyse the detail within the CMA proposals and look forward to working with the CMA in conjunction with the findings of the other reviews to develop a world-leading profession in the UK.” 

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