The Big Four are set to battle each other for accounting talent in China as
the firms look to hugely boost their numbers in the growing market.
Staff numbers among the largest firms are expected to grow by more than 20%
this year, according to the Financial Times, as demand for
international accounting expertise soars due to state-owned enterprises looking
to list overseas.
However the firms are likely to be fighting it out for the same people, due
to a lack of qualified accountants in the country. The report claims that
PricewaterhouseCoopers has the most ambitious plans, with the firm aiming to add
another 1,550 graduates and up to 700 other experienced people to its Hong Kong
and China staff of 6,450.
Deloitte is planning to add 1,500 extra staff, KPMG wants another 1,300 while
Ernst & Young is looking to add 800 in mainline China alone.
Mazars has announced the appointment of Michael Tripp as the new head of financial services
A new leader, Darra Singh has been appointed to lead EY’s UK government and public sector practice
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
Revenue and profitability growth in on the rise for CPA firms, found a survey from the American Institute of CPA’s and its subsidiary CPA.com