Surveys

Insight / Top 75 Firms survey 2020: record profits as partner numbers cut

Revenue at the UK’s top accounting firms is on a growth trajectory with 7% growth as income exceeds £16.8bn but stronger profitability and rising staff numbers has resulted in a decline in partner numbers as the fee to partner ratio has risen, reports Philip Smith

Insight / Top 25 accounting firms in 2010: where are they now?

A decade since the financial crash, the top 25 accountancy firms look rather different to their pre-2009 counterparts, except for the ever expanding Big Four. Philip Smith assesses the cataclysmic changes of the last 10 years, with revenue comparisons 

Insight / Big Four alumni at FRC: who’s running the audit regulator?

The Financial Reporting Council is set for a complete overhaul this year and heavy criticism of the regulator has seen a purge of top management with fewer Big Four alumni in key positions

Insight / Big Four Alumni Survey: questions of conflict at FTSE 100

As the Big Four audit firms come under continuing criticism over client conflict and lack of robust interrogation of client boards, the annual Accountancy Daily FTSE 100 Alumni Survey finds widespread representation by Big Four alumni at the highest levels of UK listed companies. Philip Smith reports

Insight / Big Four auditors dominate £910m listed audit market

The Big Four audit firms have pushed all competition out of the FTSE 100 audit market in the last 12 months as BDO and Grant Thornton both lose top tier audit client ranking

Audit / FTSE 100 Auditors Survey 2019

Big Four firms now have total domination of the FTSE 100 audit market as mid-tier presence is squeezed out of the market. Philip Smith analyses the £700m plus audit market, highlighting the risk of substantial audit fee price rises after year-one audit wins and the impact of second-cycle audit tendering on competition

Audit / EXCLUSIVE: FTSE 250 audit fees exceed £200m for first time

Amid falling quality and a lack of competition, audit fees for FTSE 250 companies increased 6% in the last year, hitting £203.6m, in a market dominated by the Big Four audit firms, according to exclusive research by Accountancy Daily

Audit / FTSE 250 Auditors Survey 2019

In the exclusive Accountancy Daily survey of the FTSE 250, the stranglehold of the Big Four auditors on the £274m audit market highlights a complete failure to create a competitive audit market, with mid-tier firms standing on the sidelines, failing to grasp more than a handful of opportunities. Philip Smith analyses current audit fees, non-audit services and tender activity, assessing whether the market can be reformed 

Insight / Top 75 Firms trainee survey 2019: contracts, qualifications and prospects

The number of trainee applications may be strong with a record 19,887 trainee but the Top 75 accounting firms are tightening their belts when it comes to investment in training contracts in the longer term, reports Philip Smith

Insight / Top 75 Firms trainee survey 2019: the trainee perspective

Securing a training contract at one of the Top 75 Firms is a catalyst for aspiring accountants to launch a career in tax, audit and accounting but does the profession still have the draw it used to have. Philip Smith talks to a selection of trainees about their career aspirations, expectations and training experiences

Tax / EXCLUSIVE: Top 75 Firms hit £15bn barrier in 5% growth surge

Fee income at the Top 75 accounting firms has reached a record £15.75bn, increasing revenue by more than 5% in the last 12 months despite a barrage of criticism of the Big Four audit firms over contentious listed audits, Brexit concerns and business uncertainty

Insight / Top 75 Firms survey 2019: record revenue despite heightened scrutiny

After a difficult year for the dominant Big Four accounting firms, harsh criticism of audit quality and market concentration, not to mention the launch of a number of hard-hitting reviews into the audit sector, revenue in Accountancy Daily's Top 75 Firms Survey 2019 has soared to a record £15.75bn across the leading UK firms with staff hires rising. Philip Smith analyses current trends, financial performance and the future outlook

Audit / FTSE 100 and Big Four alumni survey 2018: who are the real power brokers?

Increasing focus on the quality of audit in the UK means that the Big Four audit firms are under severe pressure with threats of breakup and radical reform. In our exclusive annual FTSE 100 Big Four Alumni survey, Philip Smith analyses the inextricable link between UK boards and the top audit firms

Insight / Big Four alumni 2018: who’s working at the audit regulator?

As Big Four audit firms come under increasing pressure amid concerns about market dominance and conflicts of interest, Philip Smith asks how independent the Financial Reporting Council is as the regulator

Audit / Two thirds of FTSE 100 CFOs ex Big Four audit firms

Despite increased scrutiny, there is still an inextricable link between the boards of the FTSE 100 and the UK’s Big Four audit firms with almost two thirds of FTSE 100 CFOs and audit committee chairs being former partners or staff, according to Accountancy’s annual FTSE 100 and Big Four alumni survey
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