What reason did Grant Thornton give for choosing to stop auditing FTSE 350 companies in 2018? ?
A) Concerns about the increasing size of damage awards for negligence
B) The cost of submitting ultimately unsuccessful tender bids for audit work
C) Increasing complexity of accounting standards
D) Increasing cost of undertaking a large company audit

Question

Quizplus · Accepted Answer

Grant Thornton cited the cost of submitting ultimately unsuccessful tender bids for audit work as the reason for stopping auditing FTSE 350 companies in 2018.

What Reason Did Grant Thornton Give for Choosing to Stop