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<p>The Competition and Markets Authority CMA is undertaking a review of the audit
sector. It has announced that it plans to consult on provisional findings by the end
of the year and complete the study as soon as possible thereafter.</p><p> </p><p>The
Secretary of State for Business, Energy and Industrial Strategy has also asked Sir
John Kingman to provide his thoughts on whether there is any case for change in the
way in which audits are procured and audit fees are set, alongside his independent
review of the Financial Reporting Council, to conclude by the end of 2018.</p><p>
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