September 19, 2019

Deloitte

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 […]

With $46.2 Billion In Fiscal 2019 Global Revenue, Deloitte Should Continue to Rule the Big 4

Unless PwC’s global revenue for fiscal year 2019 increases 11.9% from last year, which likely won’t happen, Deloitte will remain No. 1 among the Big 4 firms in revenue for the fourth consecutive year. Deloitte announced today that revenue for FY 2019 was $46.2 billion, a 9.4% increase using the magical “local currency” terms and […]

Arthur Andersen & Co.

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

Did you guys see that Andersen has rebranded? Yep, the firm dropped “Tax” from its name and is just going by Andersen from now on, or until Mark Vorsatz tries to sneak in an “A.” so the firm becomes A. Andersen. And did the press release just say, “Hearkening the legacy and values of the […]

Rhode Island Is Still Holding a Grudge Against Deloitte

A better title might be, “Rhode Island Tells Feds to Send All Fines Related to State’s Shitty Benefits Computer System to Deloitte.” From the Associated Press: The federal government is fining Rhode Island about $2 million for problems with the state’s benefits system. WPRI-TV reports the problems stem from the botched rollout of a computer system for […]

It’s Good Being a Deloitte U.K. Equity Partner These Days

The big news out of the Queen’s Big 4 yesterday wasn’t that Deloitte U.K.’s 2019 revenue (which also includes income from Switzerland) increased 10.9% from £3.58 billion in 2018 to £3.97 billion. Nope. The big news (or good news if you’re an equity partner at Deloitte) was: Hundreds of partners at the UK arm of […]

Will Deloitte’s Work With Customs and Border Patrol Drive Employees From the Firm?

Our friends over at Fishbowl recently surveyed their users to find out if Green Dotters might be driven away due to Deloitte’s work on behalf of Customs and Border Patrol (CBP) and we’d like to share it with you. First, let’s get you caught up on the sitch if you’re out of the loop. As […]

Cathy Engelbert’s Best (and Worst) Moments as Deloitte CEO, Ranked

A couple weeks ago we acknowledged exiting EY Chairman and CEO Mark Weinberger with a look back on some of his best moments as Benevolent Overlord of the Black and Yellow. Not sure if you heard but former Deloitte CEO Cathy Engelbert starts her new gig as WNBA commissioner today, giving us the perfect opportunity […]

Deloitte, EisnerAmper, 5 Others to Pay $235 Million to Settle Aequitas Investors’ Lawsuit

Why go through a lengthy, expensive trial, not knowing whether you’ll win or lose, when you can pay a shit-ton of money to make it all go away? That’s what the seven defendants, including Deloitte and EisnerAmper, did to settle a class-action lawsuit filed three years ago by investors of Aequitas accusing the accounting firms, […]

Deloitte U.K. Hit with Large Fine Over Its Incompetent Auditing of Serco Geografix

It was Deloitte’s turn on the Financial Reporting Council’s dunk tank today, as the U.K. regulator fined the firm and one of its partners over the audits of the 2011 and 2012 financial statements of Serco Geografix Ltd., a subsidiary of outsourcing firm Serco Group PLC, which were found to be complete rubbish. The FRC […]

What Do Deloitte and Robbie Van Winkle Have In Common?

Ice, ICE, baby. Professional services and consulting giants Deloitte and Booz Allen Hamilton have collectively started $66,721,241 worth in contracts with the U.S. Immigration and Customs Enforcement agency (ICE) since President Donald Trump took office, according to the U.S. government’s federal spending website. According to the U.S. spending database, Deloitte has started $51,017,363 worth of […]

The Lovefest For Ex-Deloitte CEO Cathy Engelbert Continues

Former Deloitte CEO Cathy Engelbert has been getting a lot of love lately. Last week, Glassdoor released its 2019 ranking of the top 100 CEOs in the U.S. based on anonymous employee reviews, and Engelbert was ranked 15th—the highest among the Big 4 CEOs and the second highest among women chief executives. This week, career […]

Gambling Addict Accountant Who Expensed Fake Uber Receipts Thought He Could Pull a Fast One on Deloitte

A former Deloitte accountant in the U.K. pulled a Houdini and somehow escaped prison time after he tried to screw the firm out of £95,540 ($121,202) by expensing bogus ride-share receipts over a three-year period to fund a secret gambling addiction. Gurgyan Singh Kaley pleaded guilty to two charges of fraud by abuse of position. […]

Deloitte Australia Told to Stop Bitching About Regulator and Do Better at Auditing

Last week, the Australian Financial Review reported that a regulator’s inspections of a small risk-based sample of public company audits found that Deloitte’s audit quality was the worst of the Big 4 accounting firms, with 14 of 44 (32%) key audit areas examined having deficiencies. But instead of owning it, Deloitte played the blame game, […]

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Deloitte’s Giving Spirit Is Almost Old Enough to Drink

What I’m about to say may come as a shock to you, dear reader, if you’re at all familiar with the comings and goings of this here website over the years. Believe it or not, there are people out there who accuse Going Concern of being too cynical about the profession as a whole. Crazy, […]

When It Comes to Audit Quality, Deloitte Is the KPMG U.S. of Australia

And that’s not a compliment. The Australian Financial Review reports: Deloitte has attacked the way the corporate regulator assesses audit quality as inaccurate, “not fit for purpose” and too volatile, after revealing its latest inspection findings were the poorest of the big four consulting firms. The Australian Securities and Investments Commission found that in 14 […]

Punit Renjen Gets Another Four Years as Deloitte Global CEO

Because June 1 is always New Year’s Day in the Deloitte universe, I woke up this morning to a shit-ton of Deloitte personnel news, so let’s get right to it. First, Deloitte Global CEO Punit Renjen was elected to sit in the big chair for four more years. His second term began today. It has […]

Deloitte Is Apparently Going to Help the Other SEC with Its Zebra Problem

From the Associated Press yesterday: The Southeastern Conference hired international accounting firm Deloitte to conduct a review of its football officiating, reacting in part to what Commissioner Greg Sankey called the intense, often opinionated view of referees by the public and media. Sankey said conversations began in September about ways to examine officiating and find […]

Outgoing Deloitte CEO Cathy Engelbert Is Going to Be Commissioner of the WNBA

For those of us wondering what Cathy Engelbert is going to do next once her term as Deloitte CEO ends next month, it looks like we have our answer. The WNBA announced today that it has hired Engelbert to be the league’s first-ever commissioner. She will take over on July 17, NBA Commissioner Adam Silver […]

The PCAOB Is Sick and Tired of Not Being Told About Firms’ Past Disciplinary Hearings

RSM US isn’t the only firm that has been lazy about disclosing to the PCAOB that they’ve been involved in a non-PCAOB disciplinary proceeding. In fact, RSM’s affiliate in Hong Kong and Deloitte’s affiliate in Colombia are also guilty of taking too damn long to send the PCAOB the proper paperwork. And now both firms […]

Ex-Deloitte New Zealand Partner Is Probably Having Second Thoughts About That Whole Insider Trading Thing

Today’s “former Big 4 partner busted for insider trading” news comes from New Zealand, where Mark Talbot, who worked at Deloitte from 2014 to 2017, will pay the Financial Markets Authority $150,000 and has been barred from acting as a director or manager of a listed business for five years for not being able to […]

Let’s Congratulate Deloitte’s New Audit and Consulting Bosses

Before I sit down to watch the NCAA men’s basketball championship game tonight, I’d be remiss not to tell you guys about some big news coming out of D-town this afternoon: Deloitte US has appointed Lara Abrash as chair and CEO of Deloitte & Touche LLP, leading Deloitte’s U.S. Audit & Assurance practice; Dan Helfrich as chairman and CEO […]

Rhode Island Believes In Second Chances, Even for Deloitte

Back in January 2017, Caleb made mention that Rhode Island was pissed at Deloitte because, when the state rolled out a new computer system in September 2016 that the firm designed, it had more bugs in it than a Florida swamp. The computer system—known as the Unified Health Infrastructure Project (UHIP)—was supposed to streamline benefits, […]

Big 4 Calling On All Blockchain Nerds to Come Nerd Out At Their Firms

From CoinDesk: “Big Four” professional consulting firms Deloitte, KPMG and EY are all in the top five when it comes to posting blockchain job ads, according to new data from Indeed.com. The employment site released its latest figures for job postings relating to blockchain, cryptocurrency and bitcoin in the U.S. on Thursday, with the data covering […]

No One Seems to Care That Deloitte Named Joe Ucuzoglu CEO

Is it me or does there seem to be absolutely no buzz about Joe Ucuzoglu being elected as the new CEO of Deloitte? Is it because people are still talking about yesterday’s guilty verdict in the trial of former KPMG partner David Middendorf? Or maybe because we’ve known unofficially since December that Ucuzoglu was going […]

Woman Who Once Called Ex-U.K. Foreign Secretary Boris Johnson a ‘National Embarrassment’ Is the New Chair of Deloitte’s Global Board

Deloitte announced today that Sharon Thorne, deputy CEO and managing partner of global and strategy for Deloitte North West Europe, will become chair of the Deloitte Global Board of Directors beginning in June. She will be the first woman to hold that position with Deloitte. Thorne, who joined Deloitte U.K. in 1986, will succeed David […]

Now Your Kids Will Get to See How Cartoony Deloitte Really Is

Through the years on this here website we’ve reported on things that were said or done at Deloitte that might be considered cartoonish. Like when Deloitte Global CEO Punit Renjen claimed Deloitte is harder to get into than Harvard. Or Penn. Then there was that time when Deloitte offered prizes to alumni and retired partners […]

As a Result of Breaking SEC Rules, Deloitte Japan Is $2 Million Lighter In the Wallet

There was some bad decision-making going on at Deloitte Touche Tohmatsu in Japan. Dozens of its employees had bank accounts at the subsidiary of a client for which Deloitte Japan issued audit reports, which is a no-no because Securities and Exchange Commission rules don’t allow accountants to have bank accounts with audit clients that have […]

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Deloitte’s 2017 PCAOB Inspection Report Is Pretty Not Shitty

You know, when I sat down to start writing this, I contemplated some clever headline, perhaps something about a veritable smorgasbord of audit screw-ups, but then I was like, you know what, nah. We should recognize that Deloitte has posted its lowest audit deficiency rate ever, which is something worth applauding even if the fuck-up rate […]

Richard Houston Is the New CEO of Deloitte U.K., While Dion Shango Takes the Reins Down in PwC Africa

I know this news won’t interest any of you guys, but TPTB are making us work today and Adrienne already warned you about shitposts this week. Plus, I selfishly wanted to write an article with a title that was similar to the chorus in Toto’s hit song, “Africa.” So, here we go. First, Richard Houston […]

Report: Deloitte’s Head of Audit Is Frontrunner to Succeed Cathy Engelbert as CEO

It has now become apparent that Cathy Engelbert won’t be serving a second four-year term as CEO of Deloitte. Michael Rapoport of the Wall Street Journal reported on Dec. 15 that Joseph Ucuzoglu, chairman and CEO of Deloitte’s audit practice, Deloitte & Touche, was nominated by the firm’s board of directors to succeed Engelbert once […]

PCAOB Hands the Keys to Chief Auditor’s Office to Deloitte’s Megan Zietsman

The Public Company Accounting Oversight Board has been without a full-time chief auditor and director of professional standards since the end of May, when Martin Baumann resigned after spending nine years in that role and 12 years at the PCAOB. For the past six months, Deputy Chief Auditor Barbara Vanich has filled that position on […]

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Deloitte U.K. Fired 20 Partners for Being Scumbags

Over the past four years, Deloitte U.K. has gotten rid of about 20 partners for inappropriate behavior, including sexual harassment and bullying, the firm’s CEO, David Sproul, told the Financial Times in an article published on Dec. 9. “We will fire people for any inappropriate behaviour. No one is protected,” said David Sproul. “There has […]

NASCAR Needs Deloitte’s Help

Saw this come across my Twitter timeline the other day: ⚡@NASCAR has hired @Deloitte to audit teams’ finances and create a common accounting platform, per sources. ➖ Teams agreed to the unprecedented step to help find a new competitive balance framework and determine if a budget cap will be introduced. 📰: https://t.co/k3NVwsvQx3 pic.twitter.com/eWUpQW43X6 — Adam […]

Deloitte Consulting Guy Is the Frontrunner to Become Deloitte CEO Guy

The head of Deloitte’s consulting practice is the favorite to take over as the firm’s CEO … no, not in the United States but in the United Kingdom. Sky News reported on Nov. 23 that Richard Houston, Deloitte U.K.’s managing partner of consulting, has emerged as the leading candidate to replace current CEO David Sproul, […]

Turkey

This Thanksgiving, One Big 4 Firm Is Helping You Avoid Food Poisoning and Creepy Uncles

Big 4 accounting firms have gotten into lots of non-accounting business in recent years, like legal services and beef barcodes. But now Deloitte wants to add “food poisoning” to its suite of services. On Thanksgiving, what’s the only thing worse than your Uncle Harold’s stories? Food poisoning 🤮. #PlayItSafe with food handling tips from our […]

Deloitte, CPA Get Taken to the Woodshed in Hong Kong

The Hong Kong Institute of CPAs doled out some fines on Nov. 13 to Deloitte Touche Tohmatsu and a Deloitte CPA for making some auditing faux pas. The firm and accountant Lee Po Chi each have to pony up $50,000 HKD ($6,384 USD) “for their failure or neglect to observe, maintain or otherwise apply professional […]

Pair of asses

Deloitte Mexico Auditors Attempt to Phone in Sloppy Audit Work, Fail

The PCAOB has barred, fined, and censured three Deloitte Mexico audit partners for their role in the absolute bamboozle of an audit on Prestaciones Finmart, a Mexican subsidiary of Texas-based EZCORP, Inc. Finmart accounted in FY 2013 and FY 2014 for approximately 21% and 26% of EZCORP’s consolidated assets and approximately 23% and 42% of […]

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PCAOB Fines Deloitte Canada $350,000 for Breaking Independence Rules Thrice on Audits of Banro

Deloitte Canada scored a hat trick of sorts on Oct. 16, but I doubt it was celebrated among the firm’s management. The firm was censured and fined $350,000 by the Public Company Accounting Oversight Board on Tuesday for failing to maintain independence during its 2012, 2013, and 2014 audits of Canadian gold-mining company Banro Corp. […]

Deloitte CEO Cathy Engelbert Is Still Talking About Her Teenage Son’s Fear of Robots

Our QOTD comes from Deloitte CEO Cathy Engelbert, who shared the stage with AT&T Business CEO Thaddeus Arroyo and CNN host Anderson Cooper a couple of weeks ago during the AT&T Business Summit in Dallas to discuss how to be an effective leader in a digital world. Cooper, who moderated the discussion, mentioned that people […]

Deloitte Surpassed $43 Billion in Global Revenue in Fiscal Year 2018

The numbers are in, the press release is out, and the words “exceptional,” “unrelenting,” and “quality and distinction” were used by Deloitte’s No. 1 cheerleader, Global CEO Punit Renjen, to describe the firm’s 2018 fiscal year. I have no doubt that Green Dots around the world yesterday celebrated (i.e., sat half asleep at their desks) […]

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Here’s Your Open Thread for Deloitte Compensation Discussions (2018)

If the last couple years have taught us anything, it’s that Deloitte compensation conversations are probably going down this week in some offices. And by “conversations,” we mean raises are online and ratings are plotted out on scatter graphs. Semantics, ya know? In looking at last year’s Deloitte comp discussion, we discovered that y’all Green Dotters […]

Deloitte Australia Is Going to Allow Partners to Work There Until They Become Old Geezers

We’re just chock full of news about Deloitte Australia today. Earlier on, Adrienne poked fun at the firm’s ridiculous career break program. Then we come to find out that Deloitte is going to allow its partners to work there until they are frail and barely breathing—as long as they are making a meaningful contribution to […]

A young woman dancing in the street

Deloitte Brags About Its ‘Make Your Team Think You’re a Dick’ Career Program

The various perks and psuedoperks offered by accounting firms have been discussed at length here in the hallowed virtual halls of Going Concern over the years. From ping-pong tables and on-demand popcorn to so-called unlimited vacation time, we’ve destroyed them all. But one I believe hasn’t been touched on is the Deloitte career break program. That […]

Deloitte Gobbled Up the Most New SEC Audit Clients in Q2; EY and KPMG Threw Up a Bunch of Clients

After two Utah-based firms you might not have ever heard of picked up the most new Securities and Exchange Commission audit clients in the first quarter of 2018, Deloitte was the big winner in the second quarter, snagging 15 new engagements, with a net of 13, according to Accounting Today. BDO USA was the runner-up […]

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, […]

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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 […]

bdo kpmg deloitte zimbabwe

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 […]

deloitte cyberattack

Deloitte Agrees to Fork Over $149.5 Million for Its Crappy Taylor, Bean & Whitaker Audits

The Justice Department announced that Deloitte would pay a $149.5 million fine to put “potential False Claims Act liability” to bed for its role as the auditor of Taylor, Bean & Whitaker Mortgage Corp., the failed mortgage originator. Justice alleged that “Deloitte’s audits knowingly deviated from applicable auditing standards and therefore failed to detect TBW’s […]

deloitte cyberattack

This New Deloitte Anthem Is Sweeping the Globe

Over the years, Big 4 employees have tried (and mostly failed) to compose anthems, jingles, raps, and other musical variations to express their feelings about their firm. They come from all over the world and range in quality from god-awful to audibly tolerable. A couple years back, erstwhile GC Australian correspondent Chris Hooper compiled the […]

Deloitte Legal UK

Accounting News Roundup: Deloitte Legal, EY Boomerangs and Praying for the Pass-Through Deduction | 01.10.18

Deloitte muscles in on legal services in UK [FT] Oh, looky what we have here, another Big 4 firm splashing its way into some press about legal services. Deloitte is “applying for an alternative business structure licence” which allows non-law firms in the U.K. to offer legal services. And wouldn’t you know it, Matt Ellis, […]

accounting news deloitte digital

Accounting News Roundup: Anti-Excel CFOs and Deloitte Digital Gets Bigger | 11.27.17

It’s Cyber Monday, so in between your holiday consuming sessions, try to catch up on some reading. Stop Using Excel, Finance Chiefs Tell Staffs [CFOJ] The battles lines are fierce in a debate straight out of a Ben Wyatt Parks & Rec storyline. Consequences of Proposed Changes to the Net Operating Loss Rules [BNA] Under […]

New York Attorney General Wants to Know What’s What Re: Deloitte Hack

The Wall Street Journal‘s Michael Rapoport reported this morning that New York Attorney General’s office is investigating the data breach at Deloitte “and its circumstances.” Deloitte put it in slightly different terms: In a statement about the New York A.G.’s involvement, Deloitte said Mr. Schneiderman’s office has “reached out” to it about the breach “with […]

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Data Breach at Deloitte Hitting Too Close to Home for Accountants

My, my. So many data breaches to talk about, it’s hard to know where to start. Caleb has already been keeping you up to date with the latest on some of the recent hacks but let’s dig in a little more about one breach in particular. Uh oh, Deloitte We learn time, and time again, […]

deloitte cyberattack

Deloitte Tries To Play It Cool After Cyberattack

Deloitte, the biggiest of the Big 4, has joined the ranks of the hacked. This morning, The Guardian reported that the firm was the latest massive organization to have suffered a cyberattack, and that confidential client information was the target. To make matters worse, Deloitte failed to notice the breach for months. And to add […]

deloitte cyber attack

Here’s Your Open Thread for Deloitte Compensation Discussions (2017)

Apologies to all the Deloitte compensation junkies out there experiencing withdrawal symptoms. We received this tip awhile back and, judging by the timing, many of you are anxious to yak about what’s going on: The national call was today and comp talks with partners won’t be happening until after 8/17. The raises take effect in […]

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Accounting News Roundup: Complicated Simplification; McLaren Dumps KPMG for Deloitte | 05.15.17

Accounting is complicated Here’s a New York Times column by William Cohan on FASB’s Accounting Standards Update 2016-01, aka “Financial Instruments–Overall: Recognition and Measurement of Financial Assets and Financial Liabilities.” This rule, besides having an awful name, will change how fluctuations in equity investments valuations will be reported. My favorite sentence is this one: Like […]

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Accounting News Roundup: Former Deloitte Employee Sentenced for Attempted Murder | 05.11.17

Accountants behaving badly Here’s a crazy story about a former Deloitte employee, Alan Fowler, who was convicted of the attempted murder of his former boss, Kevin Lane, and sentenced to 20 years in prison. Deloitte fired Fowler in 2015 after discovering that he used his company credit card to “pay for family vacations and buy […]

deloitte cyberattack

Accounting News Roundup: PCAOB Transparency and a Deloitte Cafeteria Accepts Bitcoin | 03.22.17

PCAOB transparency One of the biggest gripes about the PCAOB is that their disciplinary proceedings are conducted in secret until the matter is finalized. Senators Chuck Grassley (R-Iowa) and Jack Reed (D-R.I.) have introduced bills in the past that would make these hearings public, but they went nowhere. They reintroduced the bill just last week […]

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Deloitte Employee Suing Bar for Kicking Him Out Over His Ugly Hat

Someone call the fashion police. If there’s one thing sober minded people can agree on, it’s that “MAKE AMERICA GREAT AGAIN” hats are ugly. It’s a rope style cap that is solely fashionable at private golf clubs that only allow white, straight males as members. The hue of the classic MAGA cap is a hideous […]

Accounting News Roundup: Branding and Billionaires | 02.22.17

Branding Historically, naming an accounting firm hasn’t been difficult. You look at the people sitting with you at the table where you’re planning world domination and get everyone’s last name. Then you shuffle those 2 or 3 or 4 names into an order that sounds most pleasant. Perhaps you add “& Co.” or “CPAs” on […]

Accounting News Roundup: Deloitte Spies, Stock-based Comp and an SEC Chair Contender | 12.20.16

Deloitte spies Here's a fun story from CNBC reporter Eamon Javers on an espionage group inside Deloitte that helped gather information on Bearing Point, the old KPMG Consulting spinoff. The story says the group was "generally known as the competitive intelligence unit" and was led by a former CIA guy named Gordon "Gordy" Welch. Essentially, […]

Deloitte’s Dutch Firm Takes Its Turn With PCAOB

The PCAOB has announced another settlement with a Deloitte firm today, this time the Dutch version. This relates to an independence snafu that happened back in May of 2012 when the new CEO, Piet Hein Meeter, resigned abruptly, after serving in that role for just a few months. Here's Michael Rapoport's report in the Wall […]

Deloitte’s Brazil Firm Covered Up a Couple of Bad Audits

The big news in the international audit firm world today is an announcement by the PCAOB that Deloitte’s Brazil firm audited badly and then covered up that bad auditing, which is also bad. The whole thing involved a dozen auditors including the Brazil firm’s former Audit Practice Leader, former Risk and Reputation Leader and former […]

Layoffs Watch: Deloitte Business Tax Services

Here's some not-so-fun news that popped up on Reddit earlier with regard to Deloitte telling some tax people that their services are no longer needed: Couple dozen in Chicago, and many more in the local practice offices. Staff to Senior Manager, no-one is insulated. The OP states further, "Hearing rumors that it will be a […]

Sometimes Life at Deloitte Is a Walk in the Park

This better be a tax person. Happy Friday from Central Park! #FlexibilityandPredictability pic.twitter.com/VNcWtZZ6fa — Life at Deloitte (@lifeatdeloitte) September 16, 2016

The Accounting Firm Dress Code Revolution Rolls On

In this first half of 2016, accounting offices across the country have witnessed a bolt of denim throughout their halls. It's been quite an interesting fashion evolution for a profession that's been banally formal since, well, always. It's captivated everyone, including PwC's Tim Ryan who, knowing that he needed to set the proper example, asked […]

Confidential to a Certain Deloitte CEO: Millennials Don’t Need Any More Emails

After pay, what's most important to young job seekers? Deloitte's Millennial survey says… https://t.co/SW0ddPwjMw pic.twitter.com/JP4nzI8yrC — Deloitte (@Deloitte) January 22, 2016 [via @ChrisHooper87, Earlier]

Let’s Help Deloitte Global CEO Punit Renjen With His First Tweet

Because it's our job to pay attention to these things, we heard that Deloitte Global CEO and sayer of the ridiculous Punit Renjen had joined Twitter. And it's true, he's on there alright. Trouble is, as of 4:45ish ET this afternoon, he hasn't tweeted anything. Your inaugural ‎ tweet can be nerve-wracking, but it doesn't […]

Deloitte Dabbles in Orwellian Tracking Devices

A Deloitte office in Canada had volunteers wear a device that tracked their every movement and their every conversation. The gadget looks and works like what you would expect if an ID badge had sex with an iPhone. The maker of these devices, a company ironically named Humanyze, claims that their devices track more than […]

Deloitte’s Claim That It’s More Exclusive Than Harvard Is Pretty Stupid

Deloitte, the largest professional services firm in the world, likes itself a little too much. It’s like Mindy Kaling without the charm or clever sexual overtones. The firm hires thousands each year across the globe and harps about it. It gives back to the community and harps about it. And, most annoyingly, is a hard […]

Post-Big 4 Board Seat Watch: Former Deloitte & Touche CEOs

Greg Weaver, D&T's very own version of Grover Cleveland, snagged a seat on Verizon's Board of Directors. Hopefully he didn't make too many commitments to public service that might stretch him thin like some people we know. [VZ]

Here’s Your Open Thread for Deloitte Compensation Discussions (2015)

It's been an interesting year at Deloitte.

They became the first accounting firm to elect a woman as CEO. They're trying to do away with performance rankings. And Deloitte Disneyland has made every one of us sick (envy for non-Green Dots; indigestion and wicked hangovers for the employees).

Deloitte Doesn’t Want You Wasting Billable Hours Searching for Adulterer Profiles

It was bound to happen at some point. I thought we'd be able to take the high road on this Ashley Madison data dump mess, but NOOOOOOO, here we are digging around in people's private lives. It is the internet, after all. Really all we have for you is an anonymous tipster who dropped us […]

Sometimes You Have to Grin and Bear Life at Deloitte

10:52 PM and going strong!! #CRAFT #DeloitteU pic.twitter.com/wstaRdsDNX — Life at Deloitte (@lifeatdeloitte) August 12, 2015 Interestingly, there are no signs of life…at Deloitte today. Earlier: Sometimes Life at Deloitte Involves Not Having a Life

Confirmed: An Audit Firm Will Resign From an Engagement If You Threaten Its Employees

Deloitte audited the Glasgow-based Rangers football club up until recently when the firm wrote a letter to shareholders detailing some disturbing news: 

Oh Look, Another Big 4 Audit Firm Settled with the SEC Over Independence Violations

The SEC has fined Deloitte over $1 million for violating auditor independence rules. The consulting side of the house had a thing going with a trustee, Andrew Boynton, of three funds the firm audited. Deloitte did self-report the violation in 2012, although at that point, the firm had been violation for five years. Sounds like […]

Punit Renjen Wants Deloitte to be the ‘Auditor’s Auditor’ Whatever That Means

In an interview, soon-to-be Deloitte Global CEO Punit Renjen said, "Our goal is not to be the biggest," which, obviously dude, you've got that in the bag so why state a goal that you've already achieved. Rather, he said he wants the firm "to be the undisputed leader in professional services," (aka THE BEST) and […]

Former Deloitte CEO Will Squeeze in Pfizer Board Meetings in Addition to All That Public Service

Former Deloitte CEO Joe Echevarria will join Pfizer's board of directors effective immediately, according to a company press release. That's a decent gig! The release also mentions that Joe E is on the board of Bank of New York Mellon. He landed that back in February and serves on the audit committee. Presumably, he'll serve […]

Bonus Watch: Deloitte Employees Ineligble for Bonuses

Everyone's a winner! At least that's the sense we get reading this message from Deloitte Advisory Chief Talent Officer Monica O'Reilly that a tipster dropped us earlier today: Your contributions helped make FY15 an exceptional year as we deepened our client relationships, distinguished our brand in the market, and positioned ourselves to be clearly differentiated. […]

Life at Deloitte Includes Slow Days

Maybe we're asking too much for @LaD to be Cathy Engelbert's interior excuse Rolodex, but today's offerings are a little uninspired.  Starting off with a morning pick-me-up: Coffee is the best way to start the day! Love the unlimited supply at #DeloitteU What's your morning ritual? (GS) pic.twitter.com/05a7Nm9q0U — Life at Deloitte (@lifeatdeloitte) June 23, […]

Grant Thornton Poaches a Deloitte Partner and Issues a Press Release, Part I

Grant Thornton has put everyone on notice that they've snagged Deloitte National Managing Partner for U.S. Government Affairs & Public Policy Jim Brady. He will become GT's Central Region Managing Partner effective August 1. Brady has had quite a career at Deloitte, serving in many similarly dynamic roles. Among them: National Audit Leader for Growth […]

Deloitte Employees Have an Excused Absence

Today, Deloitte extends its tradition of issuing a press release stating that their employees are volunteering without having to make up a story to get out of work. Your indulgence is appreciated. [Deloitte]

Let’s Welcome the Deloitte Summer Interns

It's New Year's Day in the Deloitte universe and new stars are being born: Alright folks, with all the interns we have starting this week across the country, what advice would you give them? — Life at Deloitte (@lifeatdeloitte) June 1, 2015 My only advice is that when you're waiting for a new story to […]

The Accounting Profession’s Lack of Diversity Is a Rodney Dangerfield Problem

If you’re like me, your eyes glaze over when firms start talking about “diversity initiatives.” Most of the time, they’re bullshit buzzword-filled discussions involving a white board and a “shout out your answers!” brainstorming session led by a white guy in a skinny tie who wouldn’t know diversity if it punched him in the windpipe. […]

Sometimes Life at Deloitte Will Go Over Your Head

I'm excited to take over this twitter account. I'll try not to make too many JavaScript jokes. No promises, though. #frontenddeveloper4Life — Life at Deloitte (@lifeatdeloitte) May 11, 2015

Deloitte Gonna Keep Trying Its Best

After a jury ruled in Deloitte’s favor in a lawsuit that could’ve cost them $850 million, the firm said it was “gratified” by the verdict and “committed to conducting audits of the highest quality.” Which is a relief in case you thought the world’s largest professional services firm had been winging it this whole time.  [WSJ]

At Least One Person Is Not Impressed with Deloitte’s New Performance Evaluations

As you know all too well, the performance evaluation process of most accounting firms is none too pleasant. Some might call it "frustrating," "awful," "hell," or "consistently the most humiliating aspect of my job," among other things.  Since Deloitte isn't intentionally trying to crush employees' feelings and professional ambitions, the firm recently announced that it was transforming […]

What’s Barry Salzberg Doing While We’re Not Looking?

Leaving the toilet seat up? Eating the last slice of pizza? Not cleaning up after his dog? Taking candy from a baby? Manspreading on the subway? Watching Real Housewives of Beverly Hills? Chewing with his mouth open? Tipping 10%? Using Punit Renjen's HBO GO login to watch Game of Thrones? Rooting for the Red Sox?  […]

Deloitte Not Taking Any Chances That Someone Might Burn Their Disneyland to the Ground

Deloitte, proud owner of Texas's #1 all-you-can eat buffet, Deloitte University, knows that they need to take care their valuable facility. Therefore, it behooves the firm to show proper support for the local fire department: Deloitte University donated $10,000 to the Westlake Fire Department in March, adding to multiple gifts to local government services.   The […]

Deloitte University Is a Cruise Ship Without Swimsuits

This morning I linked to this Bloomberg piece on Deloitte University, aka DU, aka Deloitte Disneyland, aka Deloitte Delta Chi. If you read it, you can't help the FOMO. You will want to go there. One of the reviews on Yelp states, "I'd live there if I could." And of course you would. Deloitte University […]

Former Deloitte Employee Running in Florida’s Senate Race

Patrick Murphy represents Florida's 18th congressional district in the House of Representatives. Before defeating certified lunatic Allen West by 0.8% in the most expensive House race in history, he worked for his father's construction business and prior to that, he spent a year at Deloitte. A couple of days ago, Murph (I feel like that's […]

Deloitte’s New CEO Made Up Stories to Leave Work — Just Like Us!

One of the many services we provide around here is to read boring interviews with the leaders of the accounting profession. No need to thank us, it's part of the job. The majority of these Q&As are filled with platitudes and anecdotes that do little more than extend a narrative of how great the firm […]