Michael Cleary, chief executive of Grant Thornton, today said he was in
discussions with private equity groups about the possibility of them investing
‘We’re at an early stage in the discussions. It’s scenario planning at the
moment. But it’s for real,’ Cleary told the Financial Times.
Cleary’s comments followed suggestions from FRC chief executive Paul Boyle
that an injection of outside capital into the accountancy profession could help
mid-tier firms grow and mount a challenge to the dominant Big Four firms.
European Union law, however, could halt these plans, as the law stipulates
that accounting firms must be majority-owned by qualified accountants.
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
Six new partners have been revealed by top ten firm Mazars