Myners Urges End to Domination of Audit ‘Big Four,’ Times Says

Paul Myners, a former U.K. Treasury minister, called for reform of the audit market, to end the domination of the “Big Four” firms, the London-based Times reported.

Speaking at a House of Lords inquiry, Myners said Deloitte & Touche LLP, Ernst & Young LLP, KPMG International and PricewaterhouseCoopers LLP should share responsibility for the 2008 banking collapse, the newspaper reported.

He urged companies and the government to use smaller audit firms more often, the Times said.