break up the big four?

european regulators mull drastic action to reform audits.

while the big four have escaped public outrage in the u.s. for the global financial debacle, in europe they’re sharpening the guillotines.

beset by political pressures from failing banks and governments, eurozone regulators are airing a scheme to break up the big four into audit-only firms.

meanwhile, each of the big four has now reported its global revenues, showing a lag in audits and the developed world and a surge in consulting with rapid growth in emerging markets.