Audit market domination 'a risky business'

News Article - 19 June 2007
Category:

Audit, tax and advisory services firm KPMG has announced that its UK operations reported record turnover during the year to September 30th.

The Big Four firm said that turnover rose to £1,607 million during the 12-month period, representing an 11 per cent increase on the £1,454 recorded during the corresponding period last year.

Commenting on the company's achievements, John Griffith-Jones, co-chairman of KPMG Europe, said that 2007 saw the company produce "outstanding" results in the UK.

"Increasingly, KPMG is becoming recognised and rewarded for its distinctive approach to providing better services for its clients and a working environment that provides enormous opportunities for its people," he commented.

Last month, the company reported that the combined revenues of its member firms rose to $19.8 billion (£9.83 billion) during the financial year to September 30th.

Timothy P Flynn, chairman of KPMG International, said that the firm's results "reflect a strong global business environment".

Article keywords:

---

More industry news

• Think tank warns UK may have already slipped back into recession
• Growing demand for HR staff in technology and international sectors
• Boosting business growth a ‘priority’ to avoid Eurozone slowdown
• HMRC launches alternative disputes pilot scheme this week
• December employment statistics disregard gloomy recruitment predictions
• Eurozone manufacturing PMI shows modest improvement
• UK scores highly for economic governance by ratings agency
• Government launches two-year project focusing on manufacturing sector
• Burden of regulation on UK businesses ‘too high’

Back to news home page »