The earnings are the combined revenues of Price Waterhouse and Coopers & Lybrand worldwide before they merged on 1 July last year. The rise is roughly in line with other members of the Big Five. Average earnings per partner measured across the 9,000 global partner base topped #1m. Double-digit revenue increases occurred in all service lines, with management consulting service displaying the strongest growth of 42% to $3.97bn. The other biggest contributing service line was global human resource solutions which grew by 32% to $395m. With earnings of $6.77bn, assurance and business advisory services still maintained a strong lead in terms of sources of revenue. On a geographical basis, Europe, the Middle East and Africa provided the greatest revenue of $6.54bn, while South America demonstrated the highest gains with a revenue growth of 32%. PwC chief executive of^cer James J Schiro said: ‘We have achieved impressive growth across all regions and service lines, despite problems with some Asian markets.’
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
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.