)
UK auditers failed to warn on 75% of major bankruptcies, study reveals
Audio Reform Lab revealed that auditors failed to sound the alarm prior to 75 percent of the nation's biggest 250 bankruptcies between 2010 and 2022. The nation's four biggest accountancy firms -- Deloitte, EY, KPMG and PwC -- earned 96 percent of audit fees for UK's top 350 listed firms in 2022, according to the analysis
Source: firstpost.com