Big Five profitability rises 25%

Article Abstract:

The average profit per partner of American Big Five accounting firms rose 25.1% from $463,652 to $580,168 in 1997-98, reported consultant James Emerson. Emerson expects the Big Five to grow at an annual global rate of 20%, with U.S. contributions at around 25%. Emerson says that PricewaterhouseCoopers L.L.P. has the best potential for profit gains, while Ernst and Young L.L.P. continues to advance knowledge management.

United States, Statistical Data Included, Finance, Forecasts and trends, Emerson, James

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Future looks bright, with team spirit and flexible work arrangements

Article Abstract:

Australia's chartered firm Sothertons relies on staff and management partnerships to ensure growth. Long-term strategy emphasizes the need to retain employees to prevent losing the firm's investments in skills, knowledge and training. Sothertons carefully screens new applicants, and offers flexible hours and telecommuting to foster employee loyalty.

Management, Company Profile, Sothertons

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