The British legal system is on the verge of sweeping, historic changes. Parliament is expected to act soon on a reform bill, which will transform the legal profession, the legal aid system, and the organizational and financial structure of law firms in England and Wales. Because London is the...

The world's audit oligopoly is composed of four accounting firms: PricewaterhouseCoopers, KPMG, Ernst amp; Young, and Deloitte Touche Komatsu (the Big 4). These firms are in a strong position in that they audit the financial statements of nearly all the global public companies in the world and,...

The world's audit industry is concentrated in the hands of four big accounting firms: PricewaterhouseCoopers, KPMG, Ernst & Young, and Deloitte Touche Tohmatsu (the Big 4). These firms are in a strong position in that they audit the financial statements of nearly all the global public companies...

How the government arrives at its official economic statistics deeply influences the lives of every American. Social Security payments and even some wages are linked to import prices through official inflation rates; special measures of national product are necessary for valid comparisons of...