The 2nd biggest Accounting firm in aus by revenue is... (1 Viewer)

[turtleface]

Ok the title's a bit misleading. I don't think the top 100 acc firms is due in the BRW till next week, but the Top 500 Feature in today's issue gives away the answer (I think). However these figures are based on actual revenue (forecasted to 30th june 06) so the spots could be reversed when the list comes out next week(which is based on next year budgets to june 07) (i think).

At number 1: PwC at $1.104 Billion @ 10.4% growth
At number 4: Deloitte at $520 Million @ 7.2% growth

At number 2: E&Y at $766.5 Million @ 10.4% growth
At number 3: KPMG at $721 Million @ 11.8% growth

I was hoping KPMG would exceed those EY people...:mad1:

Figures: source BRW Aug 10, 2006

 

[seremify007]

They gave it out?... I had a glimpse but didn't pick up on the rankings. Anyhow, I'm still waiting for the annual top 100.

I guess this is yet another year of BRW's "my firm pwns yours" surveys. I wonder who leads in the BDO/PKF war. I also reckon it's only a matter of time before KPMG jumps ahead. Also wondering what's happening to Moore Stephens after their merger.

 

[jase_]

Still a big gap between EY and PwC though. Wonder when they gap will close up .

 

[redruM]

<makes positive comment about Deloitte>






Noone RePreZenTIng KPMG on bos?

 

[seremify007]

Still a big gap between EY and PwC though. Wonder when they gap will close up .

LOL. When EY merges or acquires another firm.

 

[Meads]

The word is that KPMG and Deloitte are going to be struggling in the future. Really poor back end of the year due to some big issues in the US.

Those growth figures certainly dont much the ones we got given at the staff meeting...interesting...

 

[turtleface]

must be either my incorrect typing, or the "forecasts" supplied to brw by the firms are outdated or inaccurate lol

I'll recheck the figures, they are aus ones to june 06 i think

 

[seremify007]

must be either my incorrect typing, or the "forecasts" supplied to brw by the firms are outdated or inaccurate lol

I'll recheck the figures, they are aus ones to june 06 i think

Remember that it's called Budgeted Revenue for a reason.

 

[Minai]

I doubt many of us (working at any Big4) care all that much, unless your a Senior Manager/Partner, about growth and revenue.

 

[velox]

Aren't they financial services firms, not just 'accounting firms' ?

 

[turtleface]

Most of it is Accounting. Theres a bit of Actuarial, Non Accounting Consulting, HR Recruitment services, some non Accounting Capital Market and Risk Management stuff but thats about it.

I guess its like how Investment Banks are called Investment Banks. If you look at Macquarie Bank, CA Charter reported that they had about 200 actual Investment Bankers (in the strict meaning of the word) Australia wide (out of thousands of employees), yet the whole organisation is called an Investment Bank.

In Big 4, Accountants make up I think about 65-75% of employees (my estimate)

 

[seremify007]

I doubt many of us (working at any Big4) care all that much, unless your a Senior Manager/Partner, about growth and revenue.

LOL... true.

Btw is the BRW issue out yet (with the top100)?

 

[jase_]

I couldn't see it in the newsagent yesterday.

 

[turtleface]

Its Thursday in Melbourne.

I'm pretty sure its this weeks issue. I remember Heathcote said all will be revealed August 1-x something in a previous issue.

 

[seremify007]

It's usually around this time of year...

 

[redruM]

Word is that Deloitte's revenue is closer to $600m

 

[seremify007]

I got an sms from my mate today who said KPMG is #2 now- $25m ahead. Don't know how true this is, but we'll wait until BRW gets published

 

[seremify007]

Update: Official BRW statistics on Big4

Update from the latest BRW!
Note: To anyone buying this issue, it's got the new RIO CEO on the cover and it's very brown looking.

Rank. Name; Budgeted Fees 05-06 ($m); Fees 04-05 ($m); Change (%); # of Partners; Revenue per Partner; Revenue per Accountant
1. PwC; 1,104.00; 1,000.00; 9.42; 422; 2,616114; 297,735
2. KPMG; 792.00; 707.00; 10.73; 321; 2,467,290; 269,113
3. EY; 766.50; 694.40; 9.41; 275; 2,787,273; 260,272
4. Deloitte; 520.00; 482.00; 7.31; 303; 1,716,172; 249,042

In case no-one was sharp enough to notice, EY's position got changed last year as well. I'll quote from the article;

KPMG has taken second spot on the BRW Top 100[/b] this year, but not on good growth alone. one of the problems in comparing firms is working out exactly how much each firm makes. Each year BRW asks firms for unaudited details. Some firms are sceptical about what the others include. The figures from the big four firms this year have been painstakingly checked for consistency and comparability. This has led to a restatement of KPMG's figures from last year that, as a result, bumps the firm up fr omthird to second position on the Top 100 list.

It is expected that this will create some internal angst at Ernst * Young, but the firm's chief executive, James Millar, is reluctant to let on publicly. When asked whether the firm's efforts to recruit staff would be hurt if it dropped from second position to third on the Top 100, Millar says: "No, I do not think so." He says the firm will not be pursuing revenue growth if it means profits will be cut. "You have to balance revenue growth wit hprofit growth ... You have to advance investment in people and areas which are going to take away from [revenue] growth in the short-term to yield a longer-term result."

Sorry for any typos. Typed it up manually.

I was hoping KPMG would exceed those EY people...:mad1:

Looks like your wish came true.

Twice.

Cheers!

 

[Meads]

Surprising indeed. Will be interesting to see how the pending litigation effects KPMG throughout the year.

At least the important figure is the highest for EY Revenue per partner.

 

[seremify007]

Surprising indeed. Will be interesting to see how the pending litigation effects KPMG throughout the year.

At least the important figure is the highest for EY Revenue per partner.

LOL... please elaborate on the real benefits for those of us who aren't (yet) partners