He said that a ‘dangerous complacency’ has struck the industry and that ‘the crisis did not rise up overnight and we cannot wish it away. The seeds were planted years ago’.
Berardino was speaking at a conference organised by the American Institute of Chartered Accountants and said that he had become dismayed at the attitude of the heads of the remaining Big Four.
‘They think it can’t happen to them,’ he said. ‘Talk to me a year ago and I would have said the same thing.’
Revenue and profitability growth in on the rise for CPA firms, found a survey from the American Institute of CPA’s and its subsidiary CPA.com
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Carter Backer Winter has acquired Edwards Financial Services, expanding its financial planning department
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton