A KPMG spokesman said the firm was ‘pleased’ with the way the English institute had ‘responded to market conditions’ and would remain in an open relationship with both parties.
He confirmed there were no plans to defect: ‘We are shutting no doors. Our students are now making a more informed choice on which training route to take. Both institutes are making great progress and I’m sure that will continue.’
‘We think it is in the interests of the profession and the business world in general that we develop relationships with both institutes,’ he added.
Ernst & Young announced in January it was defecting to the Scots Institute, while PricewaterhouseCoopers has increased the number of trainees it places north of the border.
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