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 Michelle Obama highlights harsh restrictions faced by Saudi women after meeting King Salman without wearing a headscarf
- 2 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 3 Kim Kardashian on Bruce Jenner's 'story': 'We support him no matter what, and I think when the time is right, he'll talk'
- 4 Amal Clooney gives excellent response to fashion question at European Court of Human Rights
- 5 A bottle of wine a day is not bad for you and abstaining is worse than drinking, scientist claims
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Michelle Obama highlights harsh restrictions faced by Saudi women after meeting King Salman without wearing a headscarf
Amal Clooney gives excellent response to fashion question at European Court of Human Rights
Isis publicly behead man in Syrian town square for 'insulting Allah' as he screams for help
One spelling error costs Companies House up to £9 million after being sued for ruining business
9 reasons Greece's experiment with the radical left is doomed to failure
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
Greece elections: Syriza and EU on collision course after election win for left-wing party
British Muslim school children suffering a backlash of abuse following Paris attacks
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
iJobs Money & Business
£13000 per annum: Recruitment Genius: This Pension Specialist was established ...
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...
£25000 - £35000 per annum: Recruitment Genius: A Technical Report Writer is re...
Competitive salary & benefits!: MBDA UK Ltd: MBDA UK LTD Indirect Procurement...