Transparency would help to address the Audit Market problem: Response to the consultation on the Interim Report of the Market Participants Group on choice in the UK Audit Market

This is my personal response to the April 2007 Interim Report of the Market Participants Group, which was established in October 2006 to provide advice to the United Kingdom’s Financial Reporting Council (FRC)1. It follows my response last year to the FRC’s consultation on its May 2006 discussion paper on Choice in the UK Audit Market2.

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