Turkey launches antitrust probe into 65 audit firms, including Big Four local units

Istanbul: 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.


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

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.