Auditing minnows feel Big 4�s pinch

Friday, March 02, 2018

Botswana Accountancy Oversight Authority CEO Duncan Majinda. PIC. MORERI SEJAKGOMO

At least a third of the 22 small local auditing firms are facing collapse, struggling for a foothold in a market that continues to be dominated by four globally-linked players, BusinessWeek has established.

The local auditing market is dominated nearly entirely by PwC, KPMG, Deloitte and Ernst & Young, while the failure rate amongst small firms is estimated at 30%.

From the establishment of the local audit sector, the Big Four carved up the market, leveraging on their global prowess, linkages with multi-nationals, brand power and superior product and service offerings.

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Auditing minnows feel Big 4�s pinch

At least a third of the 22 small local auditing firms are facing collapse, struggling for a foothold in a market that continues to be dominated by four globally-linked players, BusinessWeek has established.

Rollers, Orapa brace for two-part sequel

Stanbic pretax profits up 11%

The audacity to be a unicorn

Faulty gadgets top complaints to BOCRA

Civil Society fights 'flawed' constitutional amendment

Civil Society calls for Constitution review governing Act

IEC rejects 2,513 registrations

Motshegwa prevails against detractors

Inspect the voters' roll!