Tough new laws could hit Big Four services fees

Auditing Practices Board issues a Consultation Paper on audit firms providing non-audit services to listed companies that they audit. "The aim of the APB Consultation Paper is to seek views, especially from investors, on whether there is support for the Treasury Select Committee’s view that investor confidence and trust in audit would be enhanced by a prohibition on audit firms conducting non-audit work for the same company.” Richard Fleck, Chairman of APB commented.