Number of accountants rises

The number of practicing accountants grew 6 percent to 16,225 in 2005, from 15,336 the previous year, research company Business Data Israel said Monday quoting data supplied by the Israel Accountants Board.

The number of practicing accountants grew 6 percent to 16,225 in 2005, from 15,336 the previous year, research company Business Data Israel said Monday quoting data supplied by the Israel Accountants Board. BDI said the growth of the sector gives indication of the recovery of the economy in general.The main growth engines came from advisory activities in taxation, mergers and acquisitions, valuations and consultancy work. In grading the largest accounting firms for this year's BDI-Code publication, BDI ranked Ernst & Young Israel in first place with its 1,200 employees, followed by Somech-Haikin and Deloitte Brightman Almagor.