Audit firms back closer links between regulators.

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The six largest global accountancy firms have welcomed a co-operative agreement between US and UK audit regulators as a means to boost market confidence in the work of auditors. The heads of the six firms - BDO, Deloitte, Ernst & Young, Grant Thornton, KPMG and PwC - issued a joint statement welcoming the agreement between the US Public Company Accounting Oversight Board and the UK's...

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