In its issue of May 13, 2022, the Frankfurter Allgemeine Zeitung reports on a DICE Consult report on concentration in the auditing market, which was commissioned by the auditing company Mazars. The study concludes that the market for statutory audits of companies' financial statements suffers from high concentration. In Germany in particular, the four major auditors PWC, KPMG, EY and Deloitte dominate the business. "Functional deficits hinder competition, impair audit quality and endanger the stability of financial markets" warns DICE Consult partner and author Prof. Dr. Justus Haucap.
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