BRW Top 100 Accounting Firms 2007 and 2008

[seremify007]

You can hide this advertisement by registering.

I thought the BoSers would know this better than me so might as well ask here.

[RUB!X]

yeah, im pretty sure it is, i was looking through brw mag at the uni newsagents today and it was in there

[Vagabond]

Someone want to scan it up :P ?

[WhackiWheelz]

http://www.forsythes.com.au/res/pdfs...ntingFirms.pdf

[jase_]

Thanks for this! Hope you don't mind me editing the title.

[seremify007]

Originally Posted by jasee

Thanks for this! Hope you don't mind me editing the title.

No worries.

Did anyone else notice the change in heading from "Budgeted Fees" (last year) to just "Fees"?

[Vagabond]

^

wowwee wow wow..

Attention to detail.

That's why you're number one!

[Minai]

I can't imagine losing CBA to PwC would be beneficial to EY's revenue

[UWS-Uni-Student]

Originally Posted by Minai

I can't imagine losing CBA to PwC would be beneficial to EY's revenue

I thought EY still dealt with CBA on some issues, as that is what was indicated by the firm at the assessment centre

[Minai]

Originally Posted by UWS-Uni-Student

I thought EY still dealt with CBA on some issues, as that is what was indicated by the firm at the assessment centre

Yes, but they've lost the audit...so no amount of consulting/tax work will make up the shortfall in revenue.

[UWS-Uni-Student]

Originally Posted by Minai

Yes, but they've lost the audit...so no amount of consulting/tax work will make up the shortfall in revenue.

I meaning the Audit, which is unusual, because PwC had stated they just got the CBA Audit, but EY were stating there would be independence issues with CBA if you met the criteria for auditor independence jeopardy (which I only though applied if the audit client is a current audit client)

[havy]

i'm just curious....who audits the big 4?

[symo]

big 4 aren't disclosing entities...

[havy]

Originally Posted by symo

big 4 aren't disclosing entities...

thx, can you please explain more about the reasons behind being non disclosing entity/partnership structure? although all the big 4s are large business entities, however they all exist in partnership form.

[seremify007]

Originally Posted by havy

thx, can you please explain more about the reasons behind being non disclosing entity/partnership structure? although all the big 4s are large business entities, however they all exist in partnership form.

Not sure if you've studied financial reporting standards and disclosure requirements but basically the gist is, if a company is incorporated and has shareholders whom are seperate from management (i.e. the people who run the company are different people to those who actually own it) then there is a general requirement to prepare financial standards in line with accounting standards and have them externally audited. I know there's a more technical answer to this question but I'm not in the mood to think and I doubt it'd add value anyway.

Anyway, Big4 are partnerships whereby the owners are partners who own a stake in the business but also work/run/manage it. Whilst there may be internal reports/statistics available (which there probably are), they are not required to be disclosed publicly and hence the BRW surveys rely on voluntary contribution of revenue/headcount/etc... there may also be an internal review process (which there probably is) but again, their findings are not required to be disclosed publicly.

That being said, the reality is, Big4s have very specialised/complex structures which are not as plain and simple as you'd expect. I won't even bother going into detail but if you're curious, have a look at the various letterheads used on different audit opinions (compare a fund to a normal company for example), and then compare to the name of who (or what) pays the employees' salaries.