KPMG to phase out non-audit work for British bookkeeping clients

LONDON (Reuters) - KPMG will phase out advisory work for its British accounting clients, marking a first for the "Big Four" firms trying to head off a possible break-up.The Competition and Markets Authority (CMA) is under pressure to consider separating out the audit and non-audit operations of KPMG, EY, PwC and Deloitte to make it easier for smaller rivals to expand and increase customer choice.The Big Four check the books of nearly all of Britain's top 350 listed companies, while at the same..