What’s at stake: The country’s 14 largest accounting firms collectively shed more than 500 jobs on the back of 2024’s economic recession.
Background: The firms’ collective revenue only grew about 2% to an estimated $2.09b in the 2024 financial year, with some of the largest firms recording declines in revenue of more than 5%.
Key players: Deloitte, PwC, KPMG, EY, BDO, BakerTillyStaplesRodway, Findex, Grant Thornton, Moore Markhams, Nexia, RSM, Acclime, William Buck, McCulloch & Partners.
Professional services firms live and die by how busy their clients are.
So much so that, at EY, for instance, the firm reckons its revenue growth tends to track above whatever New Zealand’s gross domestic product is.
As we know, the country went into recession last year. Annual growth for 2024 was
Sign up to get the latest stories and insights delivered to your inbox – free, every day.
Key points
What’s at stake: The country’s 14 largest accounting firms collectively shed more than 500 jobs on the back of 2024’s economic recession.
Background: The firms’ collective revenue only grew about 2% to an estimated $2.09b in the 2024 financial year, with some of the largest firms recording declines in revenue of more than 5%.
Key players: Deloitte, PwC, KPMG, EY, BDO, BakerTillyStaplesRodway, Findex, Grant Thornton, Moore Markhams, Nexia, RSM, Acclime, William Buck, McCulloch & Partners.
