Slaughter and May is advising the audit giant on whether it can challenge recommendations made by the competition watchdog, which are designed to overhaul the disgraced sector following a string of corporate scandals, sources told the Telegraph.
The auditor is the only one of the Big Four that is prepared to do battle with the Competition and Markets Authority (CMA). It is understood that EY’s rivals KPMG, Deloitte and PwC are not planning to follow suit and are prepared to adopt the CMA’s recommendations.
Full Content: Telegraph
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