Deloitte comments on the CMA review of the audit sector

Stephen Griggs, head of audit at Deloitte, said:

“We are supportive of measures that encourage choice as well as a robust audit market and welcome the CMA’s study. Achieving this will be complex and any future framework also needs to include a focus on audit quality across all listed companies.

“The CMA and Kingman reviews taken together offer the opportunity to work with all market participants to develop integrated solutions to improve the quality of financial reporting in the U.K."

End

Notes to editors

About Deloitte
In this press release references to “Deloitte” are references to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”) a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see deloitte.com/about for a detailed description of the legal structure of DTTL and its member firms.

Deloitte LLP is a subsidiary of Deloitte NWE LLP, which is a member firm of DTTL, and is among the UK's leading professional services firms.

The information contained in this press release is correct at the time of going to press.

For more information, please visit www.deloitte.co.uk

Member of Deloitte Touche Tohmatsu Limited