The Big Four are again building up to become serious players in the
consulting market and the big consulting firms are worried about the increasing
competition, according to an Accountancy Age web poll.
The poll of Accountancy Age readers found that 68% disagreed with
statements coming out of major consulting players like Capgemini and Accenture
over the Big Four’s lack of expertise and ability to again compete with them for
The Big Four have built up their consulting and advisory divisions over the
past two years having divested their consulting arms at the turn of the century.
But with non-competes running out the firms have aggressively recruited from
consultants over the same period.
Nearly one-third (32%) agreed with the consultancy firms, with 19% of
respondents saying that the Big Four lacked breadth of service and 13% said that
the Big Four would have to implement products as well as advise in order to
Accenture managing director, David Thomlinson, and Capgemini consulting CEO,
Tom Blacksell, hit out against the Big Four in Accountancy Age two
Blacksell said clients were more ‘discerning’ and consultants needed to carry
out as well as advise on work: ‘The ability to execute as well as advise: I see
that as being a pre-requisite to being successful in the market.’
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.