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26 Jun 2001
Despite increasing openness among their rivals, both in the Big Five and mid-tier, PricewaterhouseCoopers and Andersen refuse to reveal their British earnings to the outside world.
The irony of two businesses that make a substantial part of their income from ensuring others accurately report their financial results to stakeholders is something that has been pointed out many times.
They may argue that they don't have shareholders, but the idea that investors are the only stakeholders in a business is fast becoming outdated. There are clients, staff and regulators to think about - not to mention the public interest that the firms, in their capacity as auditors, are paid so much to protect.
Yet both firms continue to assume they are somehow exempt from these pressures. How long can this arrogance continue?
Links
See the Accountancy Age Top 50 table
Consolidation is alive and well
Mixed success as Uncle Sam seeks to split Big Five
Huge growth in corporate finance and insolvency
New big fish gobbles up mid-tier rivals
Traditional services stay strong
Top 50: Opinion
It's all about perception, stupid
The arrogance of keeping Big Five results secret
.com/top50">2001 Top 50
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