All material subject to strictly enforced copyright laws. © 2022 ITR is part of the Euromoney Institutional Investor PLC group.

BDO and Moore Stephens set for UK merger

firms_thumbnail

BDO and Moore Stephens are in advanced merger discussions to join forces in spring 2019, in a move that would create the UK’s fifth-largest audit firm, behind the Big 4 accountancy firms.

Should the merger go through, the new firm – which would be called BDO – would still only be around a quarter of the size of KPMG, the smallest Big 4 firm. Its revenues will be around £560 million ($720 million) and it would employ 264 partners and around 5,000 staff.

Paul Eagland, BDO’s UK managing partner, cited growth opportunities, better service to clients, Brexit resilience and similar working cultures as the main reasons for the merger.

He also cited discussions around audit reform – which BDO has supported strongly – as having increased companies’ awareness of BDO’s services, and said the merger is part of its effort to compete in the higher reaches of the audit market.

BDO merged with Grant Thornton South Africa earlier this year.

more across site & bottom lb ros

More from across our site

Gorka Echevarria talks to reporter Siqalane Taho about how inflation, e-invoicing and technology are affecting the laser printing firm in a post-COVID world.
Tax directors have called on companies to better secure their data as they generate ever-increasing amounts of information due to greater government scrutiny.
Incoming amendments to the treaty could increase costs on non-resident Indian service providers.
Experts say the proposed minimum tax does not align with the OECD’s pillar two regime and risks other countries pulling out.
The Malawian government has targeted US gemstone miner Columbia Gem House, while Amgen has successfully consolidated two separate tax disputes with the Internal Revenue Service.
ITR's latest quarterly PDF is now live, leading on the rise of tax technology.
ITR is delighted to reveal all the shortlisted firms, teams, and practitioners for the 2022 Americas Tax Awards – winners to be announced on September 22
‘Care’ is the operative word as HMRC seeks to clamp down on transfer pricing breaches next year.
Tax directors tell ITR that the CRA’s clampdown on unpaid taxes on insurance premiums is causing uncertainty for businesses as they try to stay compliant.
HMRC has informed tax directors that it will impose automated assessments on online sellers with inaccurate VAT returns, in a bid to fight fraud.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree