Accounting firms are losing an average of £70,000 each year due to non payment from clients for work which is beyond the scope of the original engagement
Trainee numbers continue an upward trajectory with over 21,000 people studying for accountancy qualifications, while apprenticeships account for nearly half of training at the Top 75 firms, reports Philip Smith
Employees from professional backgrounds are 43% more likely to be working in senior level jobs across financial services and the accountancy sector compared to their working-class peers
Two thirds of CFOs are concerned that the UK will go into recession as pressure on business grows with labour shortages, rising inflation and supply chain issues.
Strong growth across the Top 75 accounting firms has seen revenue hit £18.87bn with 6.5% increase in fees as the pandemic gave the sector a boost. Philip Smith analyses the findings, revenues and trends, plus download the exclusive Accountancy Daily league tables
Starting salaries, permanent staff appointments and temporary billings have all risen to near-record rates, according to the latest KPMG and Recruitment and Employment Confederation (REC) UK report
The number of trainees at the Top 75 accountancy firms remains static at just under 20,000 as firms tighten training budgets and overhaul their induction and training approach due to the pandemic, reports Philip Smith
Total revenue for the Top 75 accounting firms hit a record £17.7bn in 2020 as firms managed to weather the first few months of the first lockdown without reporting a hit to fee income as growth rates exceeded 5%, but profit figures were down. Philip Smith analyses the results
Fee income across the UK's largest accountancy firms grew at an average rate of 5.4% up to the firm’s latest year-ends, reporting revenues of £17.7bn, according to Accountancy Daily’s exclusive annual Top 75 survey
The power and influence of the Big Four accountancy firms is clear to see at the higher echelons of the FTSE 100. Philip Smith analyses the alumni currently holding top jobs across the UK’s largest companies
The UK’s top 100 listed companies have seen an 8% hike in annual audits fees to hit £726m, as Big Four dominance locks out challenger firms while investment and regulatory pressure drives up costs
As the impact of intense regulatory scrutiny and audit automation escalates, the UK’s top 100 listed companies saw an 8% hike in annual audit fees to hit £726m, amid an increasing lack of competition due to Big Four dominance, Philip Smith reports
In Accountancy Daily’s third survey of ethnic diversity within the UK’s top accountancy firms, data reveal partners and staff remain overwhelmingly white while Black Lives Matter movement forces concrete action
