PwC Bermuda embarasses UK's mid-tier
Last week’s Hemscott rankings of mid-tier auditors came up with some embarrassing facts.
Not surprisingly, the Big Four featured heavily in the FTSE 250 rankings, as did BDO and Grant Thornton. But the list also included Begbies Chettle Agar, a firm whose most recent accounts show a turnover of
£345,837 but which has one FTSE 250 audit – admittedly, only an investment trust, but still impressive. But the real shocker is that PricewaterhouseCoopers Bermuda has the Catlin Group audit. All those mid-tier challengers must now be wondering: how come PwC Bermuda has more FTSE 350 audits than Baker Tilly, PKF, Tenon, Moore Stephens and Mazars put together?