PracticeConsultingWhat is Deloittes hiding?

What is Deloittes hiding?

We congratulate Deloitte & Touche on another set of healthy results.

This year, the firm said its annual growth was just under 20 per cent.

John Connolly and his team are almost certainly running a tight and profitable ship.

But there is still the nagging doubt that it could be a ghost ship. Deloittes, along with Andersen and PricewaterhouseCoopers, refuses to publish full audited accounts. Unlike the other two, Deloittes does at least publish fee income results for the UK, but we can only take its word for the accuracy of those.

The partners argue that there is no law requiring disclosure, and so no disclosure is necessary. But that is missing the point. These are three firms that make millions, employ thousands of staff and audit thousands of companies. Partnership law was never designed to service such vast operations – and the firms have no excuses for their secrecy.

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