Big 4

EY U.K. Has a ‘Waffles or Pancakes’ Decision to Make Soon

Unlike their American counterparts, none of the Queen’s Big 4 firms have ever had a woman in charge. It’s not going to happen anytime soon at PwC, as partners just re-elected Kevin Ellis for a second four-year term as chairman and senior partner. Richard Houston took over as Deloitte North West Europe and U.K. senior partner […]

Life at Deloitte Sometimes Involves Drawing Overworked Superheroes

So let me get this straight: The ideal “Super Leader” is a woman who has bloodshot eyes, probably because she barely got four hours of sleep last night due to either being an auditor or a tax professional at Deloitte during busy season. Got it. View this post on Instagram Welcome back to day 2 […]

Former EY Employee Is Coping with the Loss of a Large Vacation Carryover Payout

A couple of weeks ago, on the same day Adrienne was writing her post based on a tip we received about a CPA exam taker’s missing FAR score, another tip came through the inbox: My Big 4 firm is screwing me out of a hefty vacation carryover payout. I submitted my resignation 12/26, it was […]

Donald Trump Is Apparently the New Head of Recruiting at EY

Sorry, Dan Black. Looks like you’re out of a job. “When I talked to him, we talked about, frankly, talent and how do we retain more talent in the U.S., in particular talent that goes to top schools and so forth. He was very much in favor of retaining that talent in the U.S. so […]

Playing Candy Crush Is More Interesting Than Life at Deloitte

Dude in the back can’t put his phone down because he’s on Level 971, you guys. View this post on Instagram Official kick-off for the program by Deloitte Leaders Jon Guerena (RISE Program Sponsor & Dean), Haissam Issa (National Managing Principal- CBO) and Kwasi Mitchell (Chief Inclusion Officer) sharing the firms vision for future. Everyone […]

Just How Important Is Which Big 4 Firm You Work For Anyway?

There’s a lively discussion going down on Reddit this morning over this article I’m about to share with you, and I’d recommend checking out the thread if you love to bear witness to semi-anonymous spats about hiring practices on the internet. But we’re not here to talk about that, we’re here to talk about the […]

PKF O’Connor Davies Poaches Someone From EY and Issues a Press Release, Part I

If public accounting had a transactions wire, much like you see for Major League Baseball, it might look something like this for PKF O’Connor Davies’ newest transaction advisory services (TAS) partner: PKF O’Connor Davies acquired Andrew Suh from Ernst & Young for a CPA to be named later. OK, trades don’t happen among public accounting […]

Big 4 CEOs Crash Davos’ Economic Party

The 2020 World Economic Forum annual meeting kicked off today in Davos, Switzerland, and all of our favorite Big 4 ringleaders from PwC, Deloitte, EY, and KPMG are there and accounted for: BoMo, T-Ry, Punit, Carmine, Kelly, and Lynne. We got the obligatory scenic Swiss Alps shots: Excited to be at #WEF20 again and already […]

KPMG Poaches Someone From Deloitte and Issues a Press Release, Part II

Let’s start this week with a little Big 4-on-Big 4 poaching action, shall we? Yes, we shall. And once again, KPMG is raiding its Green Dot rivals. Joseph Fisher is the latest Big 4 partner to switch his colors from green to blue, leaving Deloitte & Touche’s Investment Management Audit & Assurance practice, which he […]

SEC Takes Away Privileges From Another Felon In KPMG/PCAOB Scandal

David Middendorf’s trial buddy, Jeffrey Wada, the now-former PCAOB inspections leader who fed confidential information about upcoming audit inspections to some folks at KPMG, including Middendorf, in the hopes of landing a job at the Big 4 firm, is now prohibited from appearing or practicing before the Securities and Exchange Commission as an accountant. Wada’s […]

Scott and Company Poaches Someone From EY and Issues a Press Release, Part I

I don’t have any evidence to back up this assertion, but I’m not going to let facts get in the way of what I’m about to write: It’s fairly uncommon for a Big 4 CPA’s next landing spot to be an accounting firm outside of the top 400 in the U.S. But that’s what happened […]

Kamp KPMG’s Head Counselor Is Running the Winter Interns Ragged

Lynne Doughtie is building up the KPMG recruits’ stamina for those marathon, 16-hour days during busy season. View this post on Instagram When you’re an intern who just started and the Chairman and CEO joins you for a morning run!! Proof we really live and believe in our core value, #Together. #kpmgfamily #leadership #KPMGLakehouse #kpmgnit […]

Convicted Ex-KPMG Partner David Middendorf Suspended By the SEC

Another “KPMG 5” executive who will be serving prison time for his role in a scheme to steal confidential audit inspection lists from the PCAOB was suspended today from appearing or practicing before the Securities and Exchange Commission as an accountant. The SEC released the following two-page order of suspension against David Middendorf, former national […]

Which Firm Had the Most IPO Audit Clients In Q4 2019?

Our friends at Audit Analytics just released their analysis of the initial public offering auditor market share for the fourth quarter of 2019. But before we look at Q4’s results, let’s quickly review the previous three quarters’ IPO audit engagement leaders: Q1: Marcum 8 ($896 million raised) Q2: Deloitte 17 ($7.87 billion raised) Q3: EY […]

Guess Which Big 4 Firm Was Named Official Professional Services Provider of the WNBA?

Was there any doubt it wouldn’t be Deloitte? I mean, look who the WNBA commissioner is. What I find odd is that Cathy Engelbert’s name is nowhere to be found in this press release, which looks like it came from GreenDotville (via PR Newswire): Deloitte and the Women’s National Basketball Association today [Jan. 14] announced […]

Sometimes Life at PwC Involves Bad Improvisation

I don’t think we’ll be seeing Sarah and Rod on Who’s Line Is It Anyway? anytime soon. View this post on Instagram In our digital world, learning from human mistakes can result in big opportunities. This episode features Digital Talent Leader @smceneaney & Talent Acquisition Leader @rodadams9 using improv to share why it’s important to […]

Listicle of the Day: Big 4 Bliss?

Each Big 4 firm has unhappy employees. But if you work at Deloitte, EY, and PwC, you must not be as miserable as those lost souls who work at KPMG, according to CareerBliss’s 2020 ranking of the 50 happiest companies in the U.S. The career and recruiting website used 10 factors—including culture, leadership, work atmosphere, […]

(UPDATE) EY Accountant Tina Frost to Undergo Another Surgery to Repair Eyelid

Tina Frost (right) pictured with her mother, Mary Watson Moreland. UPDATE: Team Tina posted this message on Jan. 7 regarding EY accountant Tina Frost’s most recent surgery last Friday: Hi everyone, We want to thank everyone for all your thoughts, good wishes and prayers and to let you know that Tina walked out of the […]

Moss Adams Poaches Someone From PwC and Issues a Press Release, Part I

Nothing new to report on the recent data breach at Moss Adams, but here’s some MA news we missed last month during our holiday lull: They got a guy from PwC. Jason Emmons is now a partner at Moss Adams, and according to his LinkedIn profile, he’s been providing services to customers in a professional […]

Fired Deloitte Switzerland Partner Owes Deloitte Some Money After Defeat In Court

David Joseph might be regretting taking Deloitte to court over his firing. The Financial Times reported yesterday: A high-profile banking consultant sacked by Deloitte over alleged bullying and large expenses claims has been ordered to pay £125,000 to the Big Four accounting firm. David Joseph, who was among the highest fee-earners at Deloitte Switzerland, was […]

What Do You Guys Think of the KPMG Lakehouse Logo?

I don’t know about you but I’m pretty sure I’ve seen Kamp KPMG’s logo on a park district aquatic center or on some flood safety brochure. View this post on Instagram Introducing KPMG's BRAND NEW learning, development and innovation center, Lakehouse! Join us for National Intern Training as we explore our new digs! #KPMGLakehouse #KPMGNIT […]

Former PwC Global Chairman Dennis Nally Has Got Himself a New Gig

It seems to be a right of passage for former Big 4 chairmen and CEOs to eventually end up on a public company’s board of directors. We saw two such instances last year: After Mark Weinberger retired from EY, he joined the board of MetLife. And former Deloitte CEO and current WNBA commissioner Cathy Engelbert […]

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Let’s Speculate Wildly About What ‘Threats’ Got This Guy Banned From EY Offices

According to Reddit, New York and New Jersey EY offices have been advised to rat this dude out if he has the balls to show his face around those parts. So what do we think he did? GO.

EY Is Bringing Its Shiny Silver Briefcases, Handcuffs to the Golden Globes This Weekend

Here’s your annual reminder from EY that it has tabulated the ballots for the Golden Globe Awards since Hector was a pup. #GoldenGlobes https://t.co/r2Cy7WOhII pic.twitter.com/FDsVTOn40l — EY US (@EY_US) December 30, 2019 Related articles: EY Counts the Votes for the Golden Globes, You Guys EY Auditors Were Seen At Another Awards Show In Handcuffs

Kamp KPMG Puts Out a Welcome Mat

Konstruction on KPMG Lakehouse is finally komplete, and the first group of kampers will descend upon the Orlando community of Lake Nona, FL, next week. New York-based Big Four auditing firm KPMG LLP will bring its first round of “learners” to the $450 million, 780,000-square-foot KPMG Lakehouse in Lake Nona starting on Jan. 6, company […]

Even During Holiday Time Off, PwC Partner Can’t Take a Break From PwC

Work seems to follow Bhushan Sethi, partner and joint global leader of PwC’s People & Organization practice, everywhere he goes, even to Santiago, Chile for a holiday family vacation. Arrived in Santiago for family vacation and one of the first things we see coming out of the airport is not the Andes but….#teampwc #pwctakesabreak pic.twitter.com/nsEtZMUZeJ […]

Whitley Penn Poaches Someone From KPMG and Issues a Press Release, Part I

As 2019 winds down, we’d be remiss not to tell you guys that another KPMGer has recently left the House of Klynveld for the greener pastures of an accounting firm outside of the top 25. Earlier this month it was David Roberts leaving KPMG for Mauldin & Jenkins. Now we have Michael Pham who left […]

Accountants Behaving Badly: Deloitte Malaysia Partner Fined, Guilty Plea In $1.2M Scam, Jailed for Xmas

Plus, several tax preparers have run afoul of the law. SC fines Deloitte’s partner for non-compliance [The Malaysian Reserve] Huang Khean Yeong, a partner at Deloitte PLT, was fined RM63,000 by the Securities Commission Malaysia’s Audit Oversight Board on Dec. 26 for failing to comply with the international standards on auditing when performing an audit of […]

See If You Can Stomach Watching All Six Minutes of This Horrible KPMG Denmark Video

Honestly Adrienne bailed out after watching only a minute and I tapped out after watching about three minutes of this KPMG Denmark video. So if you made it through the entire six minutes, congrats! You have more mental fortitude than we do.

Move Over @MickelsonHat, a PwC Pillow Is Taking the Social Media World By Storm

Meh, not really. In fact @pwcpillow on Instagram is kinda lame. No crazy hijinks like setting fire to a blue Phil KPMG hat or pranking PwC’s favorite robot buddy, CODE-E. But I thought this was a little amusing: View this post on Instagram This is NOT ok, why isn't this little kitty helping me?? #pwcpillow […]

Accountants Behaving Badly: Discrimination at EY U.K., Jail For Cancer Center Embezzler, Client Scammer Gets Prison Time

Plus, ex-accountant for city of Dunbar, WV, gets one year in prison for embezzlement, and former Suzuki accountant faces a seven-year jail sentence for stealing $1.8 million. EY deals partners accused of bullying and discrimination [Financial Times] Current and former staff in the Transaction Advisory Services team at EY U.K. described a culture they claimed […]

FAF Did Not Pick You to Be FASB’s Next Chairman

Unless your name is Richard Jones and you’re chief accountant and partner at EY, then the Financial Accounting Foundation did pick you, congratulations. Jones will succeed nice neighborhood dad Russell Golden as FASB chairman after Golden’s term ends on June 30. Golden, a former Deloitte partner, has sat in FASB’s big chair since July 1, […]

PwC and BDO Hong Kong Affiliates Got Their Hands Slapped by the PCAOB

As we begin to take a look back at the year that was 2019, one of the weird things public accounting firms were disciplined for this year by the PCAOB was for not disclosing that they’ve been the focus of a non-PCAOB disciplinary hearing. According to PCAOB Rule 2203, if a firm is a defendant […]

Deloitte Is Finally Finished with That Whole Aequitas Investors Lawsuit Thing

That’s because the $234.6 million settlement Deloitte, EisnerAmper, and five other companies reached with investors of the now-defunct Oregon investment company Aequitas last July was approved in Oregon federal court on Dec. 16. According to Law360, the judge also approved nearly $58 million in attorneys fees and costs. Deloitte, EisnerAmper, law firm Sidley Austin, securities […]

‘Big R’ Restatements Are Quite the Thing For PwC Audit Clients

All the Tesla haters are having a field day with this on Twitter. The Wall Street Journal reported today: [PwC] has had a streak of accounting problems surface recently at U.S. companies it audits, including an uptick in high-profile restatements. Its clients account for three of the five biggest restatements so far this year, measured […]

Oh No, KPMG U.K. Senior Executives Might Not Be Able to Afford Christmas This Year

I’m sure all you KPMG U.K. grunts are heartbroken over this news: After all that’s gone wrong at KPMG over the past year, its UK leadership probably didn’t expect big bonuses. Still, after the hard graft of trying to engineer a turnround, a £6m pay cut is going to hurt nonetheless. The 25 senior managers […]

Baker Newman Noyes Poaches Someone From EY and Issues a Press Release, Part I

Baker Newman Noyes must have been a good little accounting firm this year because instead of candy canes, Reese’s Peanut Butter Cup Miniatures, or WWE wrestling action figures in its stocking, Santa got the firm a new principal for its audit practice from EY. As a principal in the audit practice, Drew Nagus helps clients […]

KPMG Is the Cockroach of the Big 4

“KPMG is obviously such a vast business that it could probably survive nuclear war.” — Daniel Sutherland, a partner at the U.K. business law firm Fox Williams, when asked if a large decline in profits and recent layoffs at KPMG U.K. will eventually lead to an existential crisis.

Let’s Kongratulate KPMG For Getting *This* Close to $30 Billion of Global Revenue In 2019

Coming off the heels of a better-than-expected 2019 financial year at its U.K. firm (revenues, anyway), puffy-chested KPMG announced today that its global revenue increased 6.2% in local currency terms (or 2.7% using actual mathematics) for the year ended Sept. 30. The three other Big 4 firms posted global revenue of at least $30 billion […]

Mauldin & Jenkins Poaches Someone From KPMG and Issues a Press Release, Part I

Last night me and my wife watched an episode of the Netflix series The Toys That Made Us about professional wrestling figures and how popular those toys were in the 1980s and ’90s. In that episode, it talked about Vince McMahon committing the ultimate sin when he took over the World Wrestling Federation from his […]

KPMG U.K. Shocks the World by Having Somewhat Decent Revenue In 2019

When reports from across the pond started surfacing in September about the cost-cutting frenzy (you know, Project Zebra) going on at KPMG, accounting blabbermouths (like us) were salivating at the thought of how bad the firm’s 2019 revenue would be when the numbers were released in December. Well, that day has finally come, and believe […]

Judge and Ex-Deloitte Switzerland Partner Weren’t on the Same Page Apparently

Remember that lawsuit we told you about last week filed by a now-former Deloitte Switzerland partner who thought he was wronged by the Big 4 firm for breaching his partnership contract and being labeled as manipulative, toxic, and a bully? Well, it’s already over. Judge Philippa Whipple said in a London High Court ruling on […]

Ex-Deloitte CEO to Get Free Big Macs For Life

OK, we don’t know if that’s actually true, or if Cathy Engelbert even likes McDonald’s signature “two all-beef patties, special sauce, lettuce, cheese, pickles, onions on a sesame seed bun” sandwich, but the former Deloitte CEO and current commissioner of the WNBA is the newest director on Mickey D’s board. The Golden Arches announced today: […]

PwC Would Appreciate It If Staff Would Stop Getting Drunk In the Office, Thx

In a former office of mine that shall remain nameless, we had a liquor cabinet. Working long hours, it wasn’t unheard of for my colleague and me to pour ourselves a drink at 5 on the dot, sipping vodka Red Bull as we tied up the day’s tasks. The arrangement worked well as we got […]

EY Thinks It Is the Harvard of the Big 4

Big 4 CEOs comparing their firm’s acceptance rates to those of an Ivy League school is soooo 2012. And soooo 2015. Deloitte Global CEO Punit Renjen used to do it all the time, proclaiming Deloitte as the Harvard of the Big 4. But the whole “we’re more exclusive than Harvard” boasting had quieted down some […]

Lawsuit: Ex-Deloitte Switzerland Partner Accused of Bullying Seeks Vengeance In Court

While David Joseph isn’t seeking vengeance in the same way as, say, Frank Castle (aka The Punisher), who single-handedly wiped out anyone who was remotely involved in the deaths of his wife and children, the former Deloitte Switzerland partner is taking his former employer to court, claiming a formal Deloitte investigation that resulted in him […]

KPMG Poaches Someone From Deloitte and Issues a Press Release, Part I

Competitive poaching of PPMDs among midtier accounting firms has been rampant lately, whether they are taking people away from the Big 4 or from other midtier firms. Even the FASB isn’t immune from being poached. While watching the hiring games these firms are playing is fun and all, we’ve been patiently waiting for some Big […]

Jailed Ex-KPMG Executive Director Barred By the SEC Because Why Not?

Cynthia Holder, one of the “KPMG 5” who was sentenced to eight months in federal prison in August for her role in a scheme to steal confidential audit inspection information from the PCAOB, was “denied the privilege” of appearing or practicing before the SEC as an accountant, the commission announced on Nov. 29. The SEC […]

Layoff Watch ’19: Cuts Coming at EY U.K.

The 2019 financial year at the Queen’s Ernst & Young would probably be considered below expectations. Revenue increased but only by 1.5% to £2.45 billion for the year ended June 30, while profits went up from £472 million in 2018 to £477 million this year. EY’s transaction advisory services and tax businesses both had a […]

Auditor Swap: It’s Curtains For KPMG as AMC Theatres’ Outside Audit Firm

AMC Entertainment Holdings put out a casting call for a new external auditor, and EY got the role. Kansas City Business Journal reported: AMC Entertainment Holdings Inc. will switch its accounting firm at the end of the year. The Leawood-based theater chain picked Ernst & Young, replacing KPMG LLP. AMC paid KPMG more than $12.7 million in audit, audit-related […]

Report: Big 4 Firms Are Cesspools For Sexual Harassment, Bullying, and Discrimination

Did you guys read the Financial Times’ article today about the “culture of fear” at the Big 4? If you have a subscription or know a trick around the paywall, you should carve out some time to read it. FT spoke with 20 ex-Big 4 employees who were victims of sexual harassment, bullying, and discrimination […]

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KPMG Takes Victory Lap In Merrimack College Financial Aid Fraud Case

Merrimack College suffered two defeats on/in court yesterday. Its men’s basketball team got blown out by the Providence Friars 93-56. And it lost a case in a courtroom in Massachusetts to KPMG, although the jury found that KPMG wasn’t completely blameless in the student loan fraud case. Law360 reported: A Boston jury said negligence by […]

BKD Poaches Someone From Deloitte and Issues a Press Release, Part I

Longtime Deloitte Financial Advisory Services employee Jim Jordon is now teammates with Kate and Ben at BKD. Jordon was recently brought onboard as a managing director in BKD’s Forensics & Valuation Services division. He will be based in Houston. In his new role at the House of Dickman, Jordon will focus on assisting BKD’s energy […]

Tweet of the Day: On KPMG U.K. Pulling Its Sponsorship of Prince Andrew’s Pitch@Palace Event

Actually, this tweet was sent yesterday, but it’s too good not to share today. It’s regarding KPMG and the news that broke across the pond on Monday that the firm decided not to renew its sponsorship of Prince Andrew’s networking initiative for young entrepreneurs called Pitch@Palace. The news that KPMG had backed out came following […]

Weaver Poaches Someone From EY and Issues a Press Release, Part I

Do public accounting firms give their employees frozen turkeys before Thanksgiving? Maybe just at smaller firms? Anyway, if firms do do this, Greg Englert will be getting his turkey from Weaver instead of EY this year. National certified public accounting firm Weaver, the 35th largest public accounting firm in the United States, has added a […]

RSM Poaches Someone From KPMG and Issues a Press Release, Part I

Scott Wilson has more than 15 years of professional experience “helping businesses innovate, transform, and grow.” RSM US was in need of a new audit innovation leader. So it was a match made in heaven, or the cloud, or whatever. RSM US LLP (“RSM”) – the nation’s leading provider of audit, tax and consulting services […]

Tim Ryan Isn’t Worried About Poaching at PwC Because of Heart or Something

“We spend about half a billion dollars a year on upskilling our employees. A big part of our [leadership team] debate three years ago [was] well, if we make our employees more relevant then they’ll get stolen. What we’ve seen is the contrary. We’re investing in our employees—we’re leading with our heart, we’re leading with […]

Apparently Some KPMG U.K. Employees Were Pissing or Pooping (or Both) In a Work Bathroom Sink

So yesterday the BBC posted an article about the shitty bathroom etiquette of some employees at the Financial Conduct Authority, the regulator of the financial services industry in the U.K. And I’m not trying to be funny when I use the word “shitty.” People were “defecating on the floor in toilet cubicles,” according to FCA […]

EisnerAmper Poaches Someone From PwC and Issues a Press Release, Part I

Brent Lipschultz has boomeranged back to EisnerAmper after a four-year layover at PwC where he was a partner in the firm’s Personal Financial Services practice. Lipschultz, who has been a guest on CNBC a time or two to talk about taxes, investor confidence, and a bunch of other wealth advisory stuff, has re-emerged at EA […]

Uh-Oh, PwC, You’ve Gotten the Attention of the PCAOB

Somebody at the PCAOB must have read the Wall Street Journal article last week about Mattel and its auditor PwC allegedly burying an accounting error tied to Mattel’s ownership of Thomas & Friends because everyone’s favorite mess of an audit regulator is reviewing PwC’s work, according to Bloomberg, and probably whether the firm broke any […]

Grant Thornton Poaches Someone From Deloitte and Issues a Press Release, Part II

It’s been more than four years since Going Concern has reported on someone changing their team colors from green to purple, but that happened recently as Grant Thornton nabbed a former managing partner at Deloitte Consulting to join its Public Sector Healthcare practice. David B. Weir, Jr. has joined Grant Thornton LLP’s Public Sector Healthcare […]

Promotion Watch ’19: KPMG Admits 138 New U.S. Partners

We’re about T-minus 30 days until KPMG releases its global revenue for fiscal year 2019. In the meantime, we got word on who the newest rainmakers in the Americas region will be for FY 2020. KPMG gave 266 lucky boys and girls in the Americas keys to the partnership. Of those 266, 138 are from […]

PwC Probably Did Celebrate When It Helped Mattel Cover Up an Accounting Error

By now you guys have probably read the Wall Street Journal article yesterday that explains what Mattel and PwC did to bury accounting issues related to the value of the Thomas & Friends show for kids. If for some reason you’ve been too busy to surf the web or dick around on Reddit in the […]

Memo to Audit Firms: Altering Workpapers Is Still Frowned Upon

Amid all the drama and turmoil going on at the PCAOB right now, one thing hasn’t changed: PCAOB inspectors really love busting auditors for improperly altering workpapers. Eight auditors—two at Deloitte Korea and six at BDO Mexico—found this out the hard way recently. Because these auditors ignored the memo that altering audit workpapers is never […]

Layoff Watch ’19: KPMG U.K. Reportedly Will Cut an Entire HR Division

“Project Zebra” strikes again. The London Evening Standard has the latest about the bloodletting going on at KPMG. Apparently some people in HR are being told to hit the bricks: The Evening Standard can reveal that KPMG is taking the knife to its internal training team – which it calls Learning Deployment Operations – who run […]

Layoff Watch ’19: KPMG U.K. Partners Fear the Zebra

KPMG U.K.’s better-late-than-never belt-tightening endeavor called “Project Zebra” is leaving carnage in its wake almost on a weekly basis. First, about a third of the firm’s 630 administrative assistants are losing their jobs. Then, employees had to give up their work-issued mobile phones. Next, average pay per partner is reportedly being cut by 10% over […]

Ex-EY Partner Karen Ward ‘Not Surprised’ By ‘Appalling’ Training Seminar for Women

Karen Ward, the former EY partner who alleges she was a victim of sexual harassment, gender discrimination, and retaliation during her tenure with the firm, said she wasn’t shocked to learn about the 1950 2018 training seminar that EY hosted for women leaders, in which attendees were told, among other things, not to flaunt their […]

EY Probably Won’t Be Inviting Ex-Astros Executive Brandon Taubman to Any Alumni Events Anytime Soon

Before Brandon Taubman was rightfully fired as assistant general manager of the Houston Astros on Oct. 24 for making an ass of himself in front of a group of female reporters in the Astros clubhouse following the team’s ALCS victory over the New York Yankees, he was profiled in April by EY, his former employer, […]

BREAKING: The Big 4 Audits a Lot of Companies In the U.K.

Wait, the Big 4 dominates auditor market share across the pond? I’m shocked: EY, KPMG, PwC, and Deloitte — collectively known as the ‘big four’ — audited 81.8% of all UK-listed businesses in 2018, according to figures from the Financial Reporting Council (FRC). Market share was up from 80% in 2017. The ‘big four’ also […]

Another Deloitte U.K. Partner Fined Over Bad Serco Geografix Audits

Ross Howard has joined fellow Deloitte partner Helen George as having received a “severe” slap on the wrist from the U.K.’s Financial Reporting Council for his role in the shoddy auditing of Serco Geografix Ltd., a subsidiary of outsourcing firm Serco Group PLC. Reuters reported: Britain’s accounting regulator said on Tuesday it had fined Deloitte’s […]

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EY’s Run of Bad Press Continues

If all the negative headlines EY has been dealing with (and deserved) since the Huffington Post broke the story last Monday about the firm’s now-infamous 2018 training seminar for women leaders weren’t bad enough, an exposé that airs tonight on BBC One won’t do anything to help EY’s reputation and once again sheds light on […]

Even the Hearing Impaired Will Know How Cheesy KPMG’s Latest Lakehouse Video Is

Here are some screenshots from the latest over-the-top KPMG Lakehouse video to illustrate what we mean:   Here’s the actual video. If you’re not hearing impaired, you might wish that you were while watching it, not only because of the cheesy music but for the “how we can stress right across our organization what it […]

Which Big 4 Firm Had the Most IPO Audit Clients In Q3 2019?

The firm that puts the EY in cringEworthY training seminars for women audited the most initial public offerings in the third quarter, according to a new analysis from Audit Analytics. #Auditor Market Share for 53 #IPO companies in Q3 2019: EY: [20.8%];Marcum: [13.2%];Deloitte: [11.3%];PwC: [11.3%];KPMG: [11.3%];All Others: [32.1%] — Audit Analytics (@AuditAnalytics) October 10, 2019 […]

Guess Which Big 4 Firm Houston Astros Executive and Taunter of Female Reporters Brandon Taubman Used to Work At?

Houston Astros executive Brandon Taubman has made headlines in the past 24 hours for allegedly coming off as a jag in front of several female sports reporters. Deadspin wrote: During the Houston Astros’ clubhouse ALCS victory celebration Saturday night, Astros assistant general manager for player evaluation Brandon Taubman taunted three female reporters about the organization’s […]

Weaver Poaches Someone From PwC and Issues a Press Release, Part I

Today we have another example of a big fish in a small pond. The small pond being the brand spankin’ new Weaver office in Oklahoma City. The big fish is Zeeshan Khan, who is no longer representing the autumnal hues of PwC. The national accounting firm Weaver, one of the 35 largest certified public accounting firms […]

EY Thinks Women Are a Bunch of Dumb Sluts: Report

Yesterday morning, browsing /r/accounting as I often do before our weekly conference call in which I pull ideas for the week’s content out of my ass, I came across a fresh post about an EY training seminar that supposedly implied women have “pancake brains” and need to be told not to flash the goods in […]

KPMG Heads to Court Next Week to Defend Itself for Being KPMG

Merrimack College in North Andover, MA, is trying to get some of that Klynveld money, alleging in a lawsuit that KPMG committed professional malpractice, breach of contract, negligence, and negligent misrepresentation. From Courtroom View Network: Accounting giant KPMG heads to trial next week in Massachusetts state court in a malpractice lawsuit filed by Merrimack College […]

KPMG U.K. Gives Its Cost-Cutting Plan a Stupid Codename

If Adrienne and I decide to do a second annual Going Concern Green Eyeshade Awards or Something Like That for 2019, I think we’ve found a winner of the “Dumbest Codename From a Big 4 Firm” award. From the Financial Times: KPMG has drawn up plans to save £100m in costs in a profit-boosting exercise […]

Ex-PCAOBer Jeffrey Wada Gets Prison Time For Being a Blabbermouth In KPMG Scheme

Being passed up for a promotion can cause a person to do really dumb things in a fit of anger. For now-former PCAOB inspections leader Jeffrey Wada, the really dumb thing he did was illegally tip off executives at KPMG—not once but twice—about which KPMG audits the PCAOB would be reviewing so the firm could […]

New Ranking Shows Big 4’s Legal Brands Are Still Kinda Sorta Relevant

Legal research firm Acritas came out today with its 2019 Global Alternative Legal Brand Index, the best of the best non-law firms that provide nontraditional legal or quasi-legal services to clients. And just like last year’s index, the Big 4 firms’ legal arms take up four of the top five spots. But there’s a new […]

Did Bands Play When KPMG U.K. Asked Employees to Hand Over Their Work Phones?

After Tabby Kinder of the Financial Times broke the story on Sept. 30 about KPMG U.K. taking back all the mobile phones that it had issued to hundreds of employees to cut costs, she shared a text on Twitter she got from an accountant that I found humorous because the accountant found the topic of […]

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Another One of the ‘KPMG 5’ Has Pleaded Guilty In PCAOB Scheme

David Britt is the latest former KPMG partner who has admitted guilt for participating in a scheme to steal confidential audit inspection information from the PCAOB. Britt, 56, who was a co-leader of KPMG’s Banking and Capital Markets Group, pleaded guilty to one count of conspiracy to commit wire fraud on Oct. 3. His trial […]

Two Years After Being Shot In Las Vegas, EY Accountant Tina Frost ‘Remains Positive’ Despite More Surgeries, Family Says

Tina Frost (right) pictured with her mother, Mary Watson Moreland. Tina Frost, an accountant at EY in San Diego, had yet another surgery on Sept. 30, almost two years to the day when she was shot in the head while attending the Route 91 Harvest Festival on the Las Vegas Strip with her boyfriend, Austin […]

At Least EY’s 2017 PCAOB Inspection Report Is Not as Not Good as KPMG’s

The PCAOB just released EY’s 2017 inspection report, and there’s some good news and some bad news for the Black and Yellow. The good: Congrats, EY, your audit deficiency rate of 31% is below your historical average deficiency rate of 32%. Of the portions of 55 issuer audits PCAOB inspectors reviewed during 2016, 17 weren’t […]

Dallas Jury Convicts Amber Guyger of Murdering PwC Accountant Botham Jean; Ex-Cop Given 10 Years to Think About Her Choices

A jury of eight women and four men sentenced former Dallas police officer Amber Guyger to 10 years in prison on Oct. 2 for killing PwC Dallas accountant Botham Jean, a day after the jurors convicted her of murder. The jurors—five of whom are black, five are Hispanic or Asian, and two who are white—only […]

PwC Earns Record Revenue of $42.4 Billion In FY 2019, Is Still the First Loser

Another Big 4 accounting firm has touted that it made more money in fiscal year 2019 than ever before. First, it was EY. Then it was Deloitte. Now today, PwC sent out its own masturbatory congratulatory press release, saying it achieved a record $42.4 billion in global revenue for the year ending June 30. That’s […]

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KPMG U.K. Is Getting Stingy

Today is New Year’s Eve in KPMG’s Universe, as fiscal year 2020 begins tomorrow. We won’t know KPMG’s global revenue for FY 2019 until mid-December, and the Queen’s KPMG doesn’t release its profit and revenue numbers until early December, but based on all this pound-pinching going on, we can speculate that KPMG U.K.’s 2019 results […]

Hiring Watch ’19: Deloitte Is Taking Applications In Gilbert, AZ

The latest Big 4 job creation news comes from Deloitte, which will be adding hundreds of jobs in Gilbert, AZ, as part of a major expansion at that location. Phoenix Business Journal reported: Deloitte is doubling its footprint in Gilbert and preparing to hire 900 more people. The global business consulting group announced last year it […]

Promotion Watch ’19: Let’s Congratulate Deloitte’s 386 New PPMDs for FY 2020

It’s been quite a while since we’ve done a post on new partner promotions at Deloitte, so we wanted to give some kudos to not only the 65 new partners in the class of 2020, but also the 236 managing directors and 85 principals who were recognized by Ucuzoglu & Co. for a job well […]

One Big 4 Firm Isn’t Among the 10 Best Companies for Working Moms

Working Mother released its list of the 100 best companies for 2019 yesterday, and the usual suspects from public accounting are once again on there (in alphabetical order): BDO USA Deloitte Ernst & Young Grant Thornton KPMG Moss Adams PwC RSM US Those are eight of the 12-largest accounting firms in the U.S. that made […]

Hiring Watch ’19: Does EY’s New Digs In Akron Mean New Jobs?

The answer to that question seems to be: eventually. So that’s good news for aspiring capital market servants and public accounting veterans looking for a change of scenery who live or work in or near Akron, OH. EY is getting new digs in LeBron’s hometown, moving its office from downtown Akron to the East End […]

PwC Fined $7.9 Million By the SEC for Making Pretty Dumb and Obvious Independence Violations

About a month ago, we chided RSM US for being fined $950,000 by the SEC for getting caught providing non-audit services to audit clients, saying that a firm like RSM should’ve known better. But PwC got busted today by the SEC for also doing non-audit work for audit clients, which pretty much reinforces how shady […]

EY Auditors Were Seen At Another Awards Show In Handcuffs

Let’s just hope they don’t leave tonight’s Emmys in handcuffs. Cuffed and ready to go! Escorting the evening's most important guests – the envelopes – down the red carpet. #Emmys pic.twitter.com/U451d8DJ6V — EY (@EYnews) September 22, 2019

Layoff Watch ’19: Looks Like a Few People Got Disconnected From Deloitte Digital

Fresh from the rumor mill (and by the rumor mill we mean Fishbowl) comes word that 90 people got the chop at Deloitte Digital. We haven’t gotten any official confirmation on this so if anyone would care to confirm, feel free to give us a shout using the contact information at the bottom of this […]

PwC Equity Partner Pay Isn’t Too Shabby In the U.K.

Equity partners at PwC in the U.K. didn’t quite get the haul that their fellow equity partners at Deloitte U.K. got recently, but let’s just say they aren’t going hungry anytime soon. From the Financial Times: More than 900 equity partners, who share in PwC UK’s profits, will receive an average £765,000 for the year […]

Layoff Watch ’19: A Bunch of KPMG U.K. Administrative Assistants Will Soon Have a Lot of Time on Their Hands

So sayeth the Financial Times: KPMG UK plans to make redundant about a third of its 630 administrative assistants in a wave of cost-cutting. Between 200 and 250 administrative support staff are expected to leave in the savings drive at the Big Four accounting firm. Those who are lucky enough to remain at the House […]

Mazars USA Poaches Someone From KPMG and Issues a Press Release, Part I

When Mazars USA isn’t getting subpoenaed for Donald Trump’s tax returns, it’s snagging people away from the Big 4, in particular, KPMG. Olga Blyweiss is one of the newest members of Club M, recently joining the firm as a tax partner in its Fort Washington, PA, office. In a previous life, Blyweiss was the managing […]

Ex-Cop Who Killed PwC Accountant Botham Jean *Will* Stand Trial In Dallas County

District Judge Tammy Kemp made her decision a short time ago, rejecting the request from the attorneys of Amber Guyger, the former Dallas police officer who shot and killed PwC accountant Botham Jean last September, to move her murder trial out of Dallas County. #BREAKING: Judge rules Amber Guyger's murder trial will remain in Dallas, […]

Hiring Watch ’19: Working at EY In Louisville Could Be NEAT

Add Louisville, KY, to the list of cities where EY is hiring en masse. Louisville Business First reported on Sept. 6: Ernst & Young LLP is making another investment in Louisville after spending $4.3 million to open its National Executive Assistant Team facility downtown early last year. The company said in a news release Friday […]

RIP Kaustubh Nirmal, EY Senior Advisor Who Died In California Dive Boat Fire

Two of the 34 victims of the horrible California dive boat fire on Labor Day were Kaustubh Nirmal, a senior advisor at EY, and his wife, Sanjeeri Deopujari, a dentist. The couple, who married in 2016, were from Stamford, CT, the New York Post reported. Authorities confirmed that Nirmal and Deopujari were aboard Conception during […]