PracticeAccounting FirmsUK accountancy profession on the up

UK accountancy profession on the up

The latest report by the Professional Oversight Board shows continued increase in UK chartered accountants

The accounting profession in UK and Ireland is on the rise, according to a
report by the Professional Oversight Board.

The panel’s study shows the membership of chartered institutes in the UK and
Ireland has risen annually at a compound growth rate of 2.5% a year since 2002.
In 2007, the institutes boasted a total membership of 277,761, up 2.8% on 2006.

‘Once again this report illustrates the strength of the UK accounting
profession and its continued growth, reflecting the attractiveness of the
profession to new recruits both in the UK and internationally,’ Paul George, POB
director, said.

‘Both total fee income and audit fee income for the registered audit firms
within our analysis continues to show strong growth. The larger registered audit
firms now consistently generate more income from non audit clients than their
audit clients, reflecting more stringent independence rules and market practice.
While the Big Four firms continue to dominate the audit market for the largest
listed companies, it is interesting to note the increased market shares of non
Big Four firms for listed companies outside of the FTSE 350.’

Further reading:

POB
accountancy profession key facts

Related Articles

Johnston Carmichael CEO appointed as ICAS president

Accounting Firms Johnston Carmichael CEO appointed as ICAS president

3w Emma Smith, Managing Editor
British Accountancy Awards 2018 – entries open!

Accounting Firms British Accountancy Awards 2018 – entries open!

1m Emma Smith, Managing Editor
Is the accountancy sector facing an international talent crisis?

Accounting Firms Is the accountancy sector facing an international talent crisis?

1m Lewis Silkin
RSM appoints new Chief Operating Officer

Accounting Firms RSM appoints new Chief Operating Officer

1m Alia Shoaib, Reporter
RSM announces 11 partner promotions

Accounting Firms RSM announces 11 partner promotions

2m Emma Smith, Managing Editor
BDO hires former AstraZeneca creative director as head of digital and innovation

Accounting Firms BDO hires former AstraZeneca creative director as head of digital and innovation

2m Emma Smith, Managing Editor
What does the future hold for listed accountancy firms?

Accounting Firms What does the future hold for listed accountancy firms?

2m Fergus Payne, Lewis Silkin
EY, Deloitte lead Big Four in gender pay gap reporting

Accounting Firms EY, Deloitte lead Big Four in gender pay gap reporting

2m Emma Smith, Managing Editor