Rumours are beginning to circulate in the London market of a merger between BDO and PKF in the UK. Terms have, apparently, been agreed but the deal has not yet been put to the PKF partners.
No doubt the rationale put forward will be that a merged firm, with combined revenues of approximately £430m,...
Are heavy fines the right way to combat audit failure?
The Times reports today that the Big 4 have reacted angrily to plans by auditing regulators to drastically increase the fines that will be charged for misconduct, describing the fines as "irrational" and...
Amongst all the doom and gloom, perhaps there is some good news after all
Reading 'The Times' this morning, two items caught my eye. The first was about the decision by GM to build the next generation of Astras in the UK. The article read: 'Vauxhall workers have accepted an...
No hope of 'coasting' through the last years of a career
I've just returned from the MSI Global Alliance European Meeting in Lisbon. The theme was 'Change to Survive' - and the attendance was strong.
Different delegates attend for different reasons, but I...
International law firms are feeling the pressure as hard times make clients think twice about using their services
For some time now, I have been arguing in this blog and on Twitter (http://www.twitter.com/j_mendelssohn) that one silver lining to the cloud of the current recession is that it is forcing buyers of professional...
A comment on the recent decision by KPMG not to pay bonuses to newly qualified members of staff
I wrote a tweet over the weekend, passing on the story that appeared in 'The Times' that KPMG have decided to cut the £1,000 bonuses traditionally paid to their students who pass their professional exams. ...
I have just come back from 3 days in Seoul and Shanghai. A long way to go for such a short time, but necessary, nevertheless.
I booked my flights on Korean Air via their website. Four flights; convenient...
Results of 2nd MSI Global Feelgood Index survey due next week
Having just seen a preview of the results of the second MSI Global Feelgood Index, due to be published next week, there are some predictable answers coming through - and one or two surprises too.
James Mendelssohn, MSI's Chief Executive, comments that flexible working arrangements are often more valued by staff than monetary reward
When I started working thiry something years ago, the phrase
'work life balance' didn't exist. In recent years, though, it
has become part of everyday work place parlance.
But now, the...
It has not been a good month for the 'Big 4'. In the UK, the Office of Fair Trading has referred the audit market to the Competition Commission and in Europe, Internal Markets Commissioner Michel Barnier has floated proposals that would restrict the market share of the Big 4 by introducing a raft of new legislation
It has not been a good month for the 'Big 4'. In the UK, the
Office of Fair Trading has referred the audit market to the
Competition Commission and in Europe, Internal Markets Commissioner