July 17, 2018

Deloitte

Report: Deloitte Employees Want the Firm to Cool It With ICE

Deloitte employees are circulating a petition saying they have “moral objections” to the Big 4 firm providing consulting for Immigration and Customs Enforcement and are asking management to sever ties with the immigration agency, the New York Times reported on July 12. According to the petition and internal emails obtained by the New York Times, […]

Deloitte ‘Betrayed Me,’ Alleged Sexual Assault Victim Told CEO in Email

A former Deloitte Bermuda staffer who has accused a senior partner in the Big 4 firm’s New York office of sexual assault emailed Deloitte LLP CEO Cathy Engelbert in 2017 about the alleged attack and said the firm “betrayed me,” according to a July 9 NBC News report. The senior partner has not been charged […]

Report: Ex-Deloitte Bermuda Staffer Accuses U.S. Partner of Sexual Assault

The Australian Financial Review reported on July 3 that a woman who used to work in Deloitte’s Bermuda office has accused a male senior partner from the Big 4 firm’s New York office of sexual assault in a Bermuda hotel room in August 2015. The woman, who did not want to be identified in the […]

Deloitte’s Audits of SIG Under U.K. Regulator’s Microscope

The Financial Reporting Council, the U.K.’s audit watchdog, is calling, is calling, is calling out Deloitte’s name in a probe of the Green Dots’ 2015 and 2016 audits of building products distributor SIG, according to several publications across the pond. From the Financial Times: SIG said in February it had discovered misstatements after a whistleblowing […]

Is Cathy Engelbert’s Time Almost Up As Deloitte CEO?

The Wall Street Journal is reporting that Deloitte LLP partners were told in an email that Cathy Engelbert has not been renominated for a second four-year term as CEO of the Big 4 firm. The Journal wrote: Ms. Engelbert, the first woman to run one of the Big Four firms in the U.S., is three-plus years into […]

KPMG Used Confidential Inspection Info to Snatch BBVA Away From Rivals, Report Says

If you missed this late last week, Francine McKenna of MarketWatch detailed how KPMG used access to confidential Public Company Accounting Oversight Board inspection information to poach a client from its Big 4 rivals. The client, Spanish bank BBVA, was one of nearly a dozen KPMG clients caught up in the audit inspection scandal. Others […]

Deloitte’s New Greenhouse Experience Unfortunately Has Nothing to Do With Plants

As a former writer and editor for a national horticulture trade magazine, my interest was piqued when I came across the June 19 press release, “Deloitte Digital Launches New Deloitte Greenhouse Experience for Enterprise Clients.” I thought maybe Deloitte was cultivating a new variety of, say, Chlorophytum comosum (spider plant) with the cultivar name ‘Punit […]

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Judge Tosses Accountant’s Suit Claiming Bar Discriminated Against Him for Wearing MAGA Hat

Not a miter. Not even close. Last year we shared the story of Greg Piatek, a Deloitte senior manager who sued The Happiest Hour, a bar in New York’s West Village that he claims kicked him out over his “MAKE AMERICA GREAT AGAIN” hat. On Wednesday, a judge threw out Piatek’s lawsuit, but not before […]

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Foreign Affiliates of Big Audit Firms Screwed Up Some Stuff

The Securities and Exchange Commission fined foreign affiliates of BDO, Deloitte, and KPMG for skirting oversight of the PCAOB. Here’s the skinny: According to the SEC’s orders, the Zimbabwe affiliates of Deloitte & Touche and KPMG improperly audited the majority of assets and revenues of a publicly traded company without registering with the PCAOB. The […]