Accountancy recruitment on hold

About 57% of UK’s top accountancy firms are going to reduce staff numbers or
keep them the same next year, according to the latest research by online
recruitment group
cvmail, part of
media giant Thomson

Although only 5% of firms said they actually planned to cut staff, the survey
signalled the first significant pause in the dramatic growth of accountancy
firms since the 9-11 terrorist attacks.

‘The effect of the credit crunch on top accountancy firms has been felt in a
slowdown in corporate finance work and may feed through into consultancy work,’
Andy Eddleston, cvmail commercial manager, said.

‘However, their core audit and assurance and tax work should be largely
unaffected. It is hoped that the vacuum created by the slowdown in areas like
IPOs will be filled with rescue and recovery work.’

Related reading