BP has dramatically cut the amount of cash
spent on accountants in 2006, indicating that the
corporate has weathered the heavy regulatory burden imposed in the previous
The FTSE 100 giant announced in its
previous annual filing that it had shelled out $238m (£136m at last year’s
exchange rate) to accountancy firms during 2005 as IFRS and
Sarbanes-Oxley demands plagued the
After paying Ernst
& Young $87m in 2005 for their all services including audit
operations BP disclosed a remuneration of $73m in 2006, but the real impact was
made in its payment to other accountants.
BP’s spend on general accountancy operations, seen as a yardstick for
the rest of the corporate world, plummeted by nearly 66% to $52m
compared with $151m last year.
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
Richard Lewis has been appointed to the firm's restructuring and recovery services team