PwC reclaims world's largest accountant title
PwC has regained its cherished position as the world's biggest accountancy and consulting firm, as companies splashed out on the latter despite fears of glum times to come in the world's economy.
The firm reported a 10 per cent rise in gross revenues to $29.2bn (£18.8bn) for its worldwide network of firms for the fiscal year ended 30 June.
That saw the firm once again in front of rival Deloitte Touche Tohmatsu, by $400m. Last year the latter held the edge, but only by $9m.
The revenue growth produced by PwC, formerly PricewaterhouseCoopers, is the best by its network since 2008. But with businesses seeking advice, particularly on cost cutting at a time of global uncertainty but also on deals and new technology, all of the big four accountancy firms have had a good year.
Fellow "big four" member Ernst & Young also hailed 2011 as more than pleasing yesterday when it reported global revenues of $22.9bn, up 8 per cent. Its head count has surged by 11,000 to 152,000.
PwC, with 169,000 members of staff, said it planned to hire a record 20,000 graduates worldwide in fiscal 2012 and offer training internships to 10,000 students.
With concern mounting over the paucity of opportunities for young people in Britain, E&Y will say it plans to offer a new scheme aimed at school leavers, enabling them to bypass university – with its fees for a three-year course in England of £27,000, before living expenses – and earn right away while training for qualifications.
- 1 East 17 bandmember Brian Harvey in 'very desperate situation’
- 2 Germanwings plane crash: Video shows co-pilot Andreas Lubitz learning to fly as a teenager
- 3 Vladimir Putin says Russia will fight for the right of Palestinians to their own state
East 17 bandmember Brian Harvey in 'very desperate situation’
Vladimir Putin says Russia will fight for the right of Palestinians to their own state
Ohio Democrat Teresa Fedor speaks out during abortion debate to reveal she has been raped – and is interrupted by laughter from Republicans
Children take eight Isis captives to be beheaded in latest propaganda video
Jeremy Clarkson 'could be given minder' ahead of a potential Top Gear return
Ukip supporters are 55 or older, white and socially conservative, finds British Social Attitudes Report
JK Rowling responds to fan tweeting she 'can't see' Dumbledore being gay
Street preacher quoting from the Bible fined for calling homosexuality an 'abomination'
Jeremy Clarkson sacked live: Alan Yentob 'wouldn't rule out' ex Top Gear host's BBC return
Woman filmed launching racist tirade against men on the Tube for speaking in 'own lingo'
David Cameron calls Labour 'hopeless, sneering socialists' while announcing 7-day NHS plans
iJobs Money & Business
£20000 - £35000 per annum: Recruitment Genius: This multi-award winning foreig...
Negotiable: Recruitment Genius: To provide a prompt, friendly and efficient se...
Negotiable: Recruitment Genius: You will be the first point of contact for all...
£18000 - £24000 per annum + benefits: Ashdown Group: HR, Payroll & Benefits Of...