Speaking in Japan, Rake told Accountancyage.com: ‘We were unable to reach an agreement on something that was acceptable to both sides – I wish the Andersen partners well.’
But the news that Andersen has chosen to merge with Deloitte instead of KPMG in the UK will have come as a blow to Rake, who as late as Monday maintained talks were still ‘constructive’.
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
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Carter Backer Winter has acquired Edwards Financial Services, expanding its financial planning department
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton