Accountants hit as FTSE 100 skimps on bills

first_img whatsapp Accountants hit as FTSE 100 skimps on bills Show Comments ▼ More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.com Tags: NULL DESPITE increasing fees during 2010, top accountants in the UK have reported a three per cent decline in the amount they collected from FTSE 100 clients, new research shows.During the 2009 to 2010 financial year, FTSE 100 companies paid £891.9m in both audit and non-audit fees, marking a drop from the previous year when clients paid £857m for accountancy services, according to information compiled by Accountancy magazine.The drop off in revenues during the year came despite a 3.7 per cent hike in auditing fees across the big accounting firms.Giants KPMG and Ernst & Young (E&Y) reported a decline in audit income from FTSE 100 clients for the year, the research pointed out. KPMG saw that figure go down by more than four per cent, while E&Y experienced a four per cent fall in revenues from top UK clients.But rivals PricewaterhouseCoopers (PwC) and Deloitte have bucked the trend by reporting a rise in auditing income. Last year, PwC billed its top FTSE 100 clients £245.7m, pushing its total audit income up 10 per cent.Similarly, Deloitte saw auditing revenue rise 4.8 per cent. Monday 6 September 2010 8:25 pm KCS-content whatsapp Sharelast_img

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