Accountancy

Deloitte’s profits drop 16% due to pandemic

Accountancy firm has created a new board for audit arm in run-up to next month's deadline

Partner profits at Deloitte UK fell 12% to £731,000 each in the Big Four audit firm's last financial year as revenue dropped during the coronavirus pandemic.

The firm said distributable profit was £518m in the year to 31 May, down 16% from £617m in the previous year.

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