The accounting oligopoly: What’s next for the Big Four? | CNBC Explains

After some of the biggest financial scandals in history, the future of the big four accountancy firms, KPMG, PWC, EY and Deloitte are at a crossroads. CNBC’s Tom Chitty explains. The Big Four, in response to queries from CNBC, said that they have taken steps to enhance audit governance, including engaging with the Financial Reporting Council on the principles of operational separation. ----- Subscribe to us on YouTube: http://cnb.cx/2wuoARM Subscribe to CNBC International TV on YouTube: https://cnb.cx/2NGytpz Like our Facebook page:   / cnbcinternational   Follow us on Instagram:   / cnbcinternational   Follow us on Twitter:   / cnbci