Big Four try to crack India's audit market

January 2004
Accountancy;Jan2004, Vol. 133 Issue 1325, p16
Trade Publication
This article provides information on the attempt of the Big Four, top four major accountancy firms in Great Britain, to crack the Indian audit market. Foreign firms are banned from carrying our statutory audits in the country and to this end Mike Rake, chairman of KPMG, visited India in December 2003 to try to convince the Institute of Chartered Accountants of India to allow his firm and others to participate. The Big Four firms believe barring firms will hurt ambitious Indian companies looking to expand beyond their borders. Ernst & Young, PricewaterhouseCoopers, KPMG and Deloitte & Touche LLP have all entered India as consultancies, offering services such as investment advice. For accounting and auditing services they have formed associations with small local firms.


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