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Naw. No more EU so just the UK firms. Go Brexit!

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Ah yes Scotland which to paraphrase the former First Minister, can thrive on high oil and strong financial services industry. Good thing those are both still intact.

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Yes. The circle of life. Firms spun off consulting firms. Regulators got loose and firms spun back up consulting firms. Now hopefully regulators tighten back up.

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“The FRC ruled that profit payments distributed to audit partners “should not persistently exceed the contribution to profits of the audit practice”.” This will lead to a huge comp disparity within the firms that may cause their breakup - this is why AA and AC divorced.

Didn’t this already happen almost 2 decades ago?

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Usually if regulations make sense and create the desired effect they tend to spread globally over time.

KPMG and EY are covered by the thumbnail text lmao

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