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

Related Articles

BDO’s global revenues pass $8bn

Accounting Firms BDO’s global revenues pass $8bn

3d 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

5d 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

7d 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

2w Emma Smith, Managing Editor
Backsourcing: The latest accountancy trend?

Accounting Firms Backsourcing: The latest accountancy trend?

1m Pillsbury Winthrop Shaw Pittman