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Smaller accounting firms ask Big Four to share their expertise

Assisting midsized companies with knowledge and technology would be in ‘the public interest’, says lobby group
The main firms Deloitte, EY, KPMG and PwC, which dwarf the sector, say they fear being accused of breaking competition law if they help rivals

Smaller rivals have called on the UK’s Big Four accounting firms to share their audit expertise and technology, but partners at the big firms say they fear being accused of breaking competition law if they do so.

“Part of the problem is there isn’t [enough] knowledge sitting outside of the Big Four,” said Martin Muirhead, chair of the Association of Practising Accountants, which represents 20 midsized accounting firms.

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