Auditors find recovery slow in Ireland

Ireland: Luck and expertise leads to growth – June 2010

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Among hedge fund service providers in Ireland, the group that has seen the slowest return to growth following the financial crisis has been the auditors.

All four of the main audit providers – Deloitte, Ernst & Young (E&Y), KPMG and PricewaterhouseCoopers (PwC) – have substantial operations in Ireland. The companies report the same activity pattern for the past year: a slow start followed by steady recovery.

“We have certainly seen that the latter half of 2008 and the start of 2009 were very bad f