Britain's 'Big Four' accounting firms ordered to separate audit divisions

Auditors are under greater scrutiny than ever after a series of high-profile lapses in recent years, with EY’s role in the collapse of German payments provider Wirecard now under the microscope. Picture: Dominic Lipinski/PA Wire

The UK’s dominant accounting firms must separate their audit units from other operations by June 2024 as the country’s industry watchdog reacts to shortcomings that led to the collapse of several companies.