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.
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