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SAVINGS: Mal Di Giulio says Nexia is an early mover in the use of cloud-based services and offshoring back-end work. Photo: Attila Csaszar

Accountants seek new revenue in tight times

The slowing economy has hit smaller accounting firms harder than the big players, judging by revenue data released over the past month, with practices in Western Australia affected more than those in other states.

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I agree with Mr. Di Guilo from Nexia that firms are looking at offshoring their back-end work and using cloud technology to help provide better value to clients! Offshoring non-core tasks helps bring down costs drastically which is a boon considering the present market situations not to mention that cloud accounting has made it fairly easy if you select the right offshore vendor.

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EY

Accountants

1st-EY655
2nd-Deloitte530
3rd-PwC510
4th-KPMG472
5th-RSM288
106 accountants ranked by number of accountants (including partners) in WA

Full-time in-house consultants

1st-Modis531
2nd-AdvisianNFP
3rd-EY190
4th-Deloitte242
5th↑RPS178
185 consulting firms ranked by number of full-time WA inhouse consultants

Corporate finance employees

1st-EY68
2nd-Deloitte45
3rd↑PwC30
4th↑Azure Capital26
5th↑BDO22
84 corporate finance ranked by staff in corporate finance area (WA)

Insolvency professionals

5th↑Hall Chadwick WA20
6th↑BRI Ferrier Western AustraliaNFP
8th↑EY14
44 insolvency practitioners ranked by number of professional staff working in insolvency (WA)

Legal professionals

33rd↑Hotchkin Hanly Lawyers24
34th↓Tottle Partners23
35th↑EY22
36th↑Thomson Geer22
37th↑Williams + Hughes20
136 law firms and patent attorneys ranked by total number of legal professionals (add a-d)

Number of Employees

Accountants

1stEY690
2ndDeloitte626
3rdPwC600
4thKPMG515
5thRSM402

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