The number of audit firms registered with ICAEW has fallen below 5,000 according to figures supplied by the institute.
Numbers have declined steadily since 2002 since the audit exemption threshold increased from £350,000 in 2000 to £5.6m in 2004.
Number of audit firms continues to fall
Rise in audit threshold impacts on numbers
Accountancy Age, 06 Jun 2006
Advertisement
According to the institute, there were 4,990 audit firms registered at the end of April 2006. In 2002 this figure was as high as 6,500.
There were similar declines at the Institute of Chartered Accountants of Scotland – down from 453 to 374, and Association of Chartered Certified Accountants where they fell from 3,112 to 2,880.
Tags:
Also read
White papers
Most read
- Grant Thornton rescues Yokshire bakers
- Accountants waiting for better times to take new role
- Vantis appoints Belsman head of tax
- Former Kelda FD stands in as chief at Spice
- EU sees room to improve IASB governance
- Treasury drops Gift Aid tax break reform plans
- SAP chairman admits customer trust was lost
- BAE brings in Diageo FD as non-exec
- GT acquires media auditor
- Former Welsh auditor general accused of possessing indecent images
Most commented
- Former ACCA president pleads guilty to theft
- No weekend break for online tax filers
- Taxman urges delay of UK GAAP replacement
- Non-doms face tax return judgment day
- Accountants want out of the profession
- Has HMRC got accountants in its sights?
- Employees face higher tax bills after HMRC code blunder
- Treasury revises revenue from 50% rate
- Lawyers in the dock over tax advice
- KPMG bill £2m for Aero Inventory administration
Special Reports
- The Top 50 +50 survey 2009
- Budget 09: Special report
- 40th anniversary special report
- How To guides
- Management Consultancy Top 75
- Regional focus special report
- Credit crunch special: guiding business through the storm
- PwC 10-year anniversary special report
- The Top 50 2008: Special report
- Tax exodus - a special report
Latest
- Grant Thornton rescues Yokshire bakers
- Accountants waiting for better times to take new role
- Vantis appoints Belsman head of tax
- Former Kelda FD stands in as chief at Spice
- EU sees room to improve IASB governance
- Treasury drops Gift Aid tax break reform plans
- SAP chairman admits customer trust was lost
- BAE brings in Diageo FD as non-exec
- GT acquires media auditor
- Former Welsh auditor general accused of possessing indecent images
Spotlight
Profile: Andrew Willetts, Lloydspharmacy
Juggling retail outlets, NHS contracts and shrinking prescription revenues is...
Find your next job
Advertisement
Search white papers
- Accounting and Finance
- Budgeting
- Business Intelligence Solutions
- Business Process Management (BPM)
- Business Process Outsourcing
- Financial Planning and Analysis
- Compliance Management/ Sarbanes-Oxley Compliance
- Enterprise Accounting Solutions
- Enterprise Financial Management Solutions
- Expense Management
- Payroll and Personnel Accounting
- Tax Preparation and Reporting
- More
Advertisement
Advertisement
Advertisements
Advertisement
Comments
Have your say on this article