Major investors in U.K. companies want greater say in the selection of an auditor, Reuters reports, citing reactions to a government paper that revealed a near-monopoly in auditing by the Big Four accounting firms. The report, conducted for the Department of Trade and Industry and the Financial Reporting Council, found that a large number of listed companies in the U.K. had little choice of auditor (though the article didn’t explain why that was so). “It is clearly unacceptable from an investors’ point of view to have independent auditors that have been selected by the owners to verify the figures presented to members,” investor Duncan Alexander told Reuters. Rather, says Morley Fund Management, the government should find a way to allow for “greater shareholder involvement in the selection, appointment and oversight of the auditors.” The fear is that auditors handpicked by management would be less inclined to be tough on a company lest it risk losing its contract.