And continued rapid growth means the sector could soon be matching the chemical and transport equipment industries, according to a study by International Financial Services London.
Growth in accounting and management services firms rose to 1.8% of the country’s GDP in the late 1990s, compared to 1.4% earlier in the decade.
The Big Five, which dominate the global market, account for three-quarters of the $80bn revenue generated by the world’s 50 largest accountancy-related firms and are becoming increasingly prominent. Moreover, worldwide fee income from these areas as a whole now amounts to £100bn.
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.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel