Staff at one of the "Big Four" accountancy firms hit the jackpot as a bumper Christmas bonus was announced.
KPMG will pay its 8,950 UK staff a total bonus of £59m compared with £35m last year.
It comes on the back of soaring revenues which were up 20% to £1.3bn for the 12 months to the end of September.
"We have had a very successful year and are delighted to reward our people with record levels of bonus payments," said KPMG's CEO John Griffith-Jones.
KPMG is the latest firm to benefit from a rise in red tape as firms prepare for new accounting regulations - the International Financial Reporting Standards and Sarbanes-Oxley legislation in the US.
See full Article.
Posts
