The influence of private equity investment is defining the future of the UK accountancy profession, in spite of split views about whether to take PE money, with the issue described as ‘divisive' by ICAEW and ‘not a one-size-fits-all solution to growth’.

Research by ICAEW found that 86% of mid-tier accountancy firms saw private equity as one of the top three trends driving change across the profession, up from only 57% who felt this last year.