Following the selling of its advisory business to French group Atos
Consulting in 2002, KPMG has signaled a push back into the consulting by
recruiting Atos’s chief executive, Bernard Brown.
Brown, a former KPMG partner, will rejoin the firm in October.
He orginally left KPMG when it sold its British and Dutch consulting business
to Atos Origin for £420m four years ago.
According to reports, as many as 20 senior Atos staff have rejoined KPMG in
the past year, prompting Atos to waive a non-compete agreement due to stand
until August on the condition that KPMG does not hire any more of its staff.
Both PricewaterhouseCoopers and Ernst &Young sold off their consulting
arms following fears of a US crackdown on conflict of interest among audit firms
in the wake of Enron.
Deloitte was the only Big Four firm to retain its advisory business.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.