PracticeAccounting FirmsParty spirit is in short supply at the Big Four

Party spirit is in short supply at the Big Four

Christmas celebrations to be low-key this year, as firms seek to keep their credibility in this economic climate

christmas tree decorations

Christmas parties at the Big Four are likely to be more subdued affairs this
year as costs are reigned in due to the economic crisis.

With the country on the brink of a recession and a raft of company collapses
and job cuts, throwing a lavish Christmas party can create damaging publicity
for companies.

A spokesman for
Deloitte
said this year’s Christmas celebrations were at the discretion of individual
departments, but said he expected events to be much lower key than usual.

‘Whether they choose to celebrate in some way is up to them. They may decide
to have their own party or meal,’ he said.

A spokeswoman for
PricewaterhouseCoopers said
the firm does not hold a company-wide party and that arrangements are made
within individual divisions. ‘Teams manage their arrangements at a local level
and we anticipate that events this year will be on a similar basis to last
year,’ she said.

A KPMG spokeswoman said
arrangements were going ahead as originally planned, but declined to comment
further.

Ernst
& Young
’s spokeswoman said the firm ‘never issues figures on Christmas
party budgets’, saying that individual teams would be celebrating ‘in many
different ways’.

Related Articles

BDO’s global revenues pass $8bn

Accounting Firms BDO’s global revenues pass $8bn

4d Alia Shoaib, Reporter
Top 40 International Networks, Associations and Alliances: Finding growth amid uncertainty

Accounting Firms Top 40 International Networks, Associations and Alliances: Finding growth amid uncertainty

6d Philip Smith, Reporter
Top 40 International Networks, Associations and Alliances 2017: Big Four tussle for top spot

Accounting Firms Top 40 International Networks, Associations and Alliances 2017: Big Four tussle for top spot

1w Emma Smith, Managing Editor
BDO reports revenue growth of 5.7%

Accounting Firms BDO reports revenue growth of 5.7%

2w Alia Shoaib, Reporter
Taylorcocks announces merger with Surrey firm

Accounting Firms Taylorcocks announces merger with Surrey firm

2w Emma Smith, Managing Editor
Kingston Smith reports 7% gender pay gap

Accounting Firms Kingston Smith reports 7% gender pay gap

2w Emma Smith, Managing Editor
RSM announces two partner promotions

Accounting Firms RSM announces two partner promotions

3w Emma Smith, Managing Editor
Backsourcing: The latest accountancy trend?

Accounting Firms Backsourcing: The latest accountancy trend?

1m Pillsbury Winthrop Shaw Pittman