Ebbers' legacy

摘要

The Big Four have enjoyed a whopping 22% boost to their audit revenues from FTSE 100 companies. That is the finding of our latest survey of fees earned by accountancy firms -all members of the Big Four - from FTSE 100 audit clients. Ironically, it is WorldCom, Enron and the other US scandals - initially so damaging to the accountancy profession's reputation - and the resulting increase in regulatory demands that have largely paved the way for this audit fee boom, from £263m last year (£269m if the same constituents as this year are considered), to £321 m.