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ANALYSIS: Is the Big Four boom over?

ANALYSIS: Is the Big Four boom over?

by Rick Turoczy on September 18, 2006

The Sarbox boost was a predictable phenomenon, whilst the M&A; boom took the firms by surprise. So in saying that there is nowhere obvious for the firms to go, they may just be saying there is no banker, like Sarbox, to rely on. M &A; could still come to their rescue.

PwC’s transaction services revenue, which is likely to include due diligence work for clients, increased fee income by 27% and interestingly came under the assurance bracket – an area that saw overall growth of 11% to £952m. Corporate finance work climbed 13% compared to 14% a year earlier.

What are the other firms saying? Deloitte reported at the beginning of August. John Connolly, chief executive, says: ‘ “Calling” the market in the year ahead is challenging. The first quarter of the financial year saw continued strong growth in line with the previous year but the outlook remains uncertain.’

Connolly says M&A; remains a great opportunity.

ANALYSIS: Is the Big Four boom over?

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