You report that a proposal that Big Four accountancy firms share audit work now faces the axe (Report, February 17). We believe shared audit should actually help drive growth by allowing “challenger” audit firms to gain valuable experience that will enable them to compete more effectively with the larger network firms. Sustainable growth is best served by a vibrant and competitive audit market that drives audit quality and provides the listed sector with meaningful choice.
Martin Clapson
Chairman, Association of Practising Accountants
London EC2, UK
