Big accountancy firms to benefit from FSA ruling
The Big Four accounting firms are in line for a million pound windfall after the Financial Services Authority (FSA) announced it is to turn to outside advisers to investigate the management of the banks and other financial institutions.
The watchdogs’ can issue a ‘skilled person reports’ to investigate concerns over a bank’s treatment of its customers, its handling of customer funds or its capital adequacy.
Large accountancy firms have reported an increase of up to 5 times for the requests to conduct skilled person reports this year.
