Exclusive: BDO’s managing partner on audit reforms, staffing issues and the company Christmas party December 3, 2021 This week accounting giant BDO saw its profits jump to over three quarters of a million pounds per partner, putting them ahead of their peers at rival firms EY and KPMG. At £760,000 per BDO partner, the firm leads the payout battle as EY partners were paid an average of £749,000 this year and KPMG [...]
Partner pay of £760m puts BDO ahead of Big Four rivals EY and KPMG as challenger firm sees revenue surge December 2, 2021 Partners at BDO saw their profits increase to over three quarters of a million pounds, putting them ahead of their peers at rival firms EY and KPMG. Profit per equity partner before tax increased to £760,000 at BDO following a 14 per cent drop last year, while EY partners were paid an average of £749,000 [...]
KPMG in danger of being banned from bidding for government contracts December 1, 2021 KPMG have been threatened by the government with a ban on bidding for public contracts if there are any more scandals at the Big Four consulting firm, according to reports. The Cabinet Office issued its warning in a letter to KPMG, according to the Financial Times, which first reported the news. The ominous letter, which [...]
Car sales will mostly be online by 2030 in a blow to vehicle dealerships November 30, 2021 UK motoring executives think cars will be mostly sold online by 2030, with electric vehicles (EVs) making between 70 and 100 per cent of new vehicle sales in western Europe. Data from KPMG’s automotive executive survey has revealed that 59 per cent of 1118 executives interviewed believe online sales will become the norm by the [...]
KPMG bets on growth in life sciences as it sets up new regulatory team in London November 30, 2021 KPMG UK has set up a new regulatory team in its life sciences practice amid increasing demand for consulting services in the area. In the face of increasing regulatory requirements and the attention drawn by the pandemic to industry practices, life sciences companies are increasingly turning to consultants. “[This is a time] where life sciences [...]
City Moves: Who’s switching jobs in the Square Mile today? November 30, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. KPMG KPMG has posted a new partner to its financial services technology practice, who moves from technology and consulting giant IBM. The former chief technology officer for IBM’s financial services offering, Bharat Bhushan, joins the Big Four [...]
Browne Jacobson and KPMG top workplace social mobility index November 24, 2021 Law firms and consultancies are leading the way in driving social mobility in the workplace, according to the latest national Employer Index by the Social Mobility Foundation (SMF). Law firm Browne Jacobson LLP scored first place in the ranking of the top 75 organisations, followed by consulting giant KPMG and law firm Herbert Smith Freehills [...]
KPMG backs Bina Mehta as chair in term extension November 24, 2021 Partners at KPMG UK have voted to extend Bina Mehta's term as chair of the Big Four firm until 2024.
HSBC’s $94m-a-year audits may not be enough to woo Big Four accountants November 22, 2021 Fears that the UK’s biggest lender will struggle to attract the Big Four accounting firms have been stoked as HSBC prepares to tender the audits of its accounts next year, according to reports. The heads of HSBC reached out to the Big Four auditors but found they were reluctant to bid for the bank’s audits [...]
Accounting watchdog: Third of all audits ‘unsatisfactory’ amid fears sector reforms will be watered down November 18, 2021 An “unacceptably high” number of audits still need improving, according to the UK accounting watchdog’s latest report, amid increasing concerns that the government may scale back long-awaited corporate governance and audit reforms. The Financial Reporting Council (FRC) today published its latest annual report on UK audits, finding that 33 per cent of all audits still [...]