Accountants hit as FTSE 100 skimps on bills

first_imgMonday 6 September 2010 8:25 pm Show Comments ▼ KCS-content More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her:‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest Tags: NULL whatsapp Accountants hit as FTSE 100 skimps on bills whatsapp Share DESPITE increasing fees during 2010, top accountants in the UK have reported a three per cent decline in the amount they collected from FTSE 100 clients, new research shows.During the 2009 to 2010 financial year, FTSE 100 companies paid £891.9m in both audit and non-audit fees, marking a drop from the previous year when clients paid £857m for accountancy services, according to information compiled by Accountancy magazine.The drop off in revenues during the year came despite a 3.7 per cent hike in auditing fees across the big accounting firms.Giants KPMG and Ernst & Young (E&Y) reported a decline in audit income from FTSE 100 clients for the year, the research pointed out. KPMG saw that figure go down by more than four per cent, while E&Y experienced a four per cent fall in revenues from top UK clients.But rivals PricewaterhouseCoopers (PwC) and Deloitte have bucked the trend by reporting a rise in auditing income. Last year, PwC billed its top FTSE 100 clients £245.7m, pushing its total audit income up 10 per cent.Similarly, Deloitte saw auditing revenue rise 4.8 per cent. last_img

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