PracticeAccounting FirmsBDO’s Newman says GT takes fight to Big Four

BDO's Newman says GT takes fight to Big Four

BDO chief Jeremy Newman welcomes Grant Thornton/RSM Robson Rhodes merger

BDO Stoy Hayward managing partner Jeremy Newman has welcomed the
Grant
Thornton
/RSM
Robson Rhodes
merger, as the deal will help challenge the dominance
of the Big Four in the audit market.

Newman said that the deal showed the firms’ willingness to join
BDO
in ‘challenging the unhealthy dominance of the audit market by the Big
Four’.

He also suggested that BDO already had the mass to challenge the Big Four,
and was not actively seeking a large-scale acquisition.

‘We have invested heavily in recent years in ensuring we have high quality,
motivated people, and whilst we are always interested to explore potential
mergers, it is not necessary for us to do so to enable us to compete
effectively,’ Newman added.

Further reading:

Merger: waiting for the blue chip rush

Grant Thornton and Robson Rhodes to
merge

Robson Rhodes: the merger that solves a
problem

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