Research from mid-tier rival BDO Stoy Hayward showed that much work currently undertaken by Big Four firms, especially non-audit work, will be seen as a conflict of interest under Sarbanes-Oxley and the companies may be forced to abandon it to competitors. Research estimates PricewaterhouseCoopers alone has £370m of work at risk from Sarbanes-Oxley while KPMG and Deloitte & Touche could lose around £120m each.
A lot of this work will go to Big Four rivals but BDO expects some of this work may reach mid-tier firms as companies reassess how they buy their professional services.
Gervase MacGregor, the partner at BDO Stoy Hayward, which carried out the research, said: ‘I have seen large companies prepared to look outside the global firms, often because conflicts of interest take out half of the Big Four from consideration.’
Richard Cartwright becomes the new head, taking over from incumbent head of office David Lemon
Brian Burke, business development director, has moved within the firm to 'develop Quantuma’s networks with Sussex professional firms'
Stephen Mills joins the Manchester office from IBM, where he spent 12 years as an associate partner in the data, analytics and cognitive consulting group
Rupert Guppy will be responsible for capital allowances in the southern region, and joins the firm from specialist consultancy E3 Consulting