Turkey to investigate 65 auditors, including ‘big four’

Turkey’s competition authority has launched an investigation into 65 companies in the auditing and financial advisory sector, it said on Wednesday.

The probe includes the Turkish units of the so-called “big four”: KPMG, PwC, Deloitte and EY.

In a statement, the authority said the investigation aimed to determine whether firms and professional organisations in the sector had coordinated on service fees or engaged in anti-competitive practices in the labour market.

KPMG and EY declined to comment. Deloitte and PwC were not immediately available for comment.

The authority said it was examining whether the companies had shared service prices or client portfolios in ways that may have violated competition, whether they took decisions that could block market entry or distort competition, and whether they shared information that negatively affected employee rights and wages.

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