Despite increasing openness among their rivals, both in the Big Five and mid-tier, PricewaterhouseCoopers and Andersen refuse to reveal their British earnings to the outside world.
The irony of two businesses that make a substantial part of their income from ensuring others accurately report their financial results to stakeholders is something that has been pointed out many times.
They may argue that they don’t have shareholders, but the idea that investors are the only stakeholders in a business is fast becoming outdated. There are clients, staff and regulators to think about – not to mention the public interest that the firms, in their capacity as auditors, are paid so much to protect.
Yet both firms continue to assume they are somehow exempt from these pressures. How long can this arrogance continue?
Top 50: Opinion
.com/top50″>2001 Top 50
A new head of solutions, Aidan Brennan, has been appointed at KPMG UK
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