PracticeConsultingWho is Britain’s best paid accountant? Big Five secrecy makes it impossible to tell, says KPMG

Who is Britain's best paid accountant? Big Five secrecy makes it impossible to tell, says KPMG

KPMG today said it had no way of confirming that its senior partner Mike Rake was the highest paid accountant in Britain because rival Big Five firms did not produce audited accounts.

KPMG unveiled its annual accounts yesterday, which revealed that senior partner Mike Rake received £1.5m for the year to September 1999. Average partner pay at the firm was almost £400,000.

The figures prompted reports that he was the highest-paid accountant in the UK, exceeding what has been reported to be the previous record – £1m – held by his predecessor Lord Sharman who left last October to become a working Liberal Democrat peer.

KPMG was quick to point out, however, that these claims were impossible to confirm because, with the exception of Ernst & Young, none of its rival Big Five firms produced audited accounts.

A PricewaterhouseCooper’s spokesman said the firm never commented on anyone’s income.

KPMG UK unveils surge in fee income as it breaks through the billion-pound barrier

Related Articles

5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

5m Alia Shoaib, Reporter
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

11m Stephanie Wix, Writer
Managing partner Q&A - the year ahead: Richard Toone, CVR Global

Accounting Firms Managing partner Q&A - the year ahead: Richard Toone, CVR Global

12m Kevin Reed, Writer
Deloitte 'self-imposes exile' on government contracts to defuse PM row

Accounting Firms Deloitte 'self-imposes exile' on government contracts to defuse PM row

12m Kevin Reed, Writer
Managing partner Q&A - the year ahead: Julie Adams, Menzies

Accounting Firms Managing partner Q&A - the year ahead: Julie Adams, Menzies

12m Kevin Reed, Writer
Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

Business Regulation Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

1y Kevin Reed, Writer
Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

Audit Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

1y Kevin Reed, Writer
New head of equity capital markets for KPMG

Accounting Firms New head of equity capital markets for KPMG

1y Stephanie Wix, Writer