Oil giant BP paid accounting firms $238m (£136m) last year.
The UK’s largest company by market capitalisation disclosed the numbers in
its annual report yesterday.
Auditors Ernst & Young in the UK earned $40m, $27m of it for audit and
audit related services, and $13m for other services. Worldwide, its total
earnings from BP were $87m.
BP also disclosed that it paid other major firms of accountants other than E
&Y a total of $151m.
Does Darwin's theory apply to taxation? Colin ponders...
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Investment in people, tech and businesses impacts on EY's profit per partner figure
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned