BDO UK Spreads the Load
FT had an interesting story yesterday about a situation across the pond: average BDO UK partner pay fell 15 percent to £647,000 (USD$794k) because a hiring spree took a bite out of profits. Last year, BDO UK partners walked away with more than even EY and KPMG partners. They aren’t worried about it though, the […]
Promotion Watch ’21: BDO Admits 20 New Partners In the U.K.
These 17 men and three women got golden tickets from BDO U.K. Managing Partner Paul Eagland on Jan. 1: Spencer Ashworth, Audit Vinesh Bharadwa, Tax Jamie Carter, Business Outsourcing Lee Coccaro, Tax Ben Courts, Audit Paul Dawson, Business Outsourcing Rob di Santo, Audit Graham Ellis, Audit Martin Haines, Tax Tom Laird, Audit Conor Lambert, Transaction […]
Number of the Day: £518,000
That is the average profit per partner before tax at BDO U.K. in the 2020 financial year that ended June 30, down 14% from the £602,000 in profits each partner took home the previous year, according to the Financial Times and The Telegraph. Overall, the Queen’s BDO had revenue of £660 million for 2020, up […]
LOL, Big 4: BDO Now Has the Most Audit Clients In the U.K.
There is no other accounting firm in the U.K. that wants its name mentioned with the Big 4 more than BDO. That firm is like your 7-year-old brother who wants to play street hockey with you and your high school friends after school because he wants to be around and thinks he can compete with […]
BDO U.K.’s Audit Quality Is In the Same Class with Rivals PwC and KPMG
Next up in our review of the most recent Financial Reporting Council audit quality inspection reports are the top midtier accounting firms, or as the U.K. calls them, the “challenger firms” to the Big 4. Let’s start with the firm that’s closest to the Big 4 in terms of revenue—BDO. Bravo Delta Oscar recently got […]
BDO U.K. Finally Loses Its Virginity to the Financial Reporting Council
Congrats to BDO for getting its first-ever fine from the U.K.’s Financial Reporting Council for committing an auditing boner. Now BDO can say it finally has something in common with the Big 4. The Financial Times reported today: Accountancy firm BDO has received its first UK audit fine from the industry’s regulator for rule breaches […]