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[THE INVESTOR] Accounting companies operating in South Korea saw their combined revenues climb 10.1 percent on-year to 2.46 trillion won (US$2.25 billion) in fiscal 2015, data showed on Sept. 9.
Their profits increased in major fields such as audit, consulting and tax-related services during the period, according to the data compiled by the Financial Supervisory Service.
The proportion of sales by the so-called Big Four firms -- Samil PricewaterhouseCoopers, Samjong KPMG, Deloitte Anjin and Earnest & Young Han Young -- fell to 51.2 percent from 53.3 percent a year earlier, as more than a dozen new companies were opened.
The number of accounting firms registered with the financial authorities came to 157 as of end-March, a sharp rise from 141 in the previous year.
The FSS said some retired accountants seem to have launched their own businesses.
A total of 18,469 certified public accountants were registered as of the end of March, up 5 percent from a year earlier. Among them, 9,821 were working at accounting firms, said the FSS.
(theinvestor@heraldcorp.com)
Their profits increased in major fields such as audit, consulting and tax-related services during the period, according to the data compiled by the Financial Supervisory Service.
The proportion of sales by the so-called Big Four firms -- Samil PricewaterhouseCoopers, Samjong KPMG, Deloitte Anjin and Earnest & Young Han Young -- fell to 51.2 percent from 53.3 percent a year earlier, as more than a dozen new companies were opened.
The number of accounting firms registered with the financial authorities came to 157 as of end-March, a sharp rise from 141 in the previous year.
The FSS said some retired accountants seem to have launched their own businesses.
A total of 18,469 certified public accountants were registered as of the end of March, up 5 percent from a year earlier. Among them, 9,821 were working at accounting firms, said the FSS.
(theinvestor@heraldcorp.com)
