financetom
Business
financetom
/
Business
/
Turkey launches antitrust probe into 65 audit firms, including Big Four local units
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Turkey launches antitrust probe into 65 audit firms, including Big Four local units
Mar 11, 2026 2:32 AM

ISTANBUL, March 11 (Reuters) - Turkey's competition authority has launched an investigation into 65 companies in the auditing and financial advisory sector, including global accounting firms, it said on Wednesday.

The authority said the probe includes the Turkish units of the so-called Big Four: KPMG, PwC, Deloitte and EY.

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

The authority said it is examining whether companies 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 there shared information that negatively affected employee rights and wages.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
TD Bank Appoints Taylan Turan as Chief Operating Officer
TD Bank Appoints Taylan Turan as Chief Operating Officer
Sep 10, 2025
02:45 PM EDT, 09/10/2025 (MT Newswires) -- The Toronto-Dominion Bank ( MLWIQXX ) on Wednesday announced the appointment of Taylan Turan as chief operating officer, with effect from Sept. 29. Turan will report to Chief Executive Officer Raymond Chun. Turan previously served as global head of retail banking at HSBC and more recently led the global integration of international wealth...
Market Chatter: AppLovin Sees Short Interest Rise, Reversing Decline Seen Earlier in 2025
Market Chatter: AppLovin Sees Short Interest Rise, Reversing Decline Seen Earlier in 2025
Sep 10, 2025
03:10 PM EDT, 09/10/2025 (MT Newswires) -- Short interest in AppLovin ( APP ) is rising again, even after traders betting against the ad-tech firm suffered an estimated $3.4 billion in paper losses over the past six months, Bloomberg reported Wednesday. According to the report, data from S3 Partners showed that shares borrowed and sold short climbed this week to...
BioXcel Drug Calms Agitation At Home For Schizophrenia, Bipolar Patients
BioXcel Drug Calms Agitation At Home For Schizophrenia, Bipolar Patients
Sep 10, 2025
BioXcel Therapeutics, Inc ( BTAI ). on Wednesday released topline exploratory efficacy data from the SERENITY At-Home Pivotal Phase 3 safety trial, which demonstrated that BXCL501 had continued effects and consistent benefit with repeat dosing. The trial in the home setting evaluated a 120 mcg dose of BXCL501, the company’s proprietary, sublingual film formulation of dexmedetomidine, Igalmi, for agitation associated...
US State Dept OKs possible sale of air-to-air missiles to Finland for $1.07 billion
US State Dept OKs possible sale of air-to-air missiles to Finland for $1.07 billion
Sep 10, 2025
Sept 10 (Reuters) - The U.S. State Department has approved a potential sale of AIM-120D-3 advanced medium range air-to-air missiles and related equipment to Finland for $1.07 billion, the Pentagon said on Wednesday. The principal contractor for the sale is RTX Corp ( RTX ), the Pentagon said. (Reporting by Ryan Patrick Jones in Toronto) ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved