November 21, 2018

Deloitte

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 […]

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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 […]

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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 […]

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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 […]

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, […]

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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 […]

Deloitte Is Trying to Reinvent Performance Evaluation

Performance evaluations have been awful for a long time. Forced ranking, the method that many large accounting firms employ, has successfully sucked numerous souls from the bodies of many talented accountants. People grumble, yet it goes on. And on. And on.  But now Deloitte, bless their hearts, has decided to take the issue of terrible […]

Oh Boy, Deloitte’s New Audit Chief Promises ‘Innovation’

Joe Ucuzoglu (Uch-uh-zog-loo?) will replace Cathy Engelbert as CEO of Deloitte & Touche, the firm's audit practice. An unremarkable announcement in and of itself, however, Joe U. does say something that is somewhat remarkable:  “Building upon Deloitte's legacy of exceptional service to the capital markets, we will lead the audit profession into the future. The use […]

Life at Deloitte Involves Avoiding Hangryness

I don't know about you all, but it's nothing short of a miracle if I eat lunch between 12 pm and 1 pm. What's worse is that once 1 pm comes and goes, time accelerates to ludicrous speed and all of a sudden it's 4 o'clock and I haven't had a single bite of sustenance […]

Deloitte US Will Definitely Not Practice Law, You Guys

Soon-to-be official Deloitte U.S. CEO Cathy Engelbert is sure making the rounds on the interview circuit these days. This is a good thing, as it allows everyone to get to know her before she begins her term next month. In an interview with Forbes contributor David Parnell, Chatty Cathy makes it clear Deloitte U.S. will […]

Punit Renjen Is Deloitte’s Next Global CEO

Punit Renjen will be Deloitte's next global CEO, according to a statement released by the firm yesterday. He'll take the big chair on June 1, 2015, which is New Year's Day in the Deloitte Universe.  He replaces Dr. Phil doppelganger Barry Salzberg who is retiring to become full-time faculty member at Columbia Business School. The […]

There’s Only One Good Reason to Work at Deloitte

If you are trying to pick between a choice of Big 4 offers, perhaps you're wondering what makes Deloitte any different from other Big 4 firms. Unfortunately, this infographic from Deloitte isn't going to be much help. Let's see Deloitte's Top 10 reasons to work for them and not, say, a nearly identical professional services […]

Deloitte’s Next CEO Is a Woman, Let’s All Give Them a Cookie

As we learned this morning, Deloitte is going all in on diversity and inclusion with the appointment of Cathy Engelbert as incoming CEO, effective March 11. This is, as we know, the first female CEO of a Big 4 firm in U.S. Not only is Cathy (obviously) not a white guy, she's not even really […]

Deloitte Committed to Disrupting Status Quo, Says Deloitte Status Quo

If we were playing the business buzzword drinking game with the following Facebook post, we'd be wasted before the end of this sentence. Grab your shot glass and let's take a look. Post by Deloitte. It's incredibly refreshing to see the Deloitte status quo ready to battle against the status quo for the sake of […]

The Best Part About This Guide to Getting Hired by Deloitte Consulting Is The Guy Who Says Don’t

So, Bloomberg Businessweek has this nice fancy guide to getting hired by Deloitte Consulting. I'd share it here but it's proprietary and obviously the person who put it together spent a lot of time and effort centering the tables and choosing a sassy neon green highlight. We will share just a small piece of it […]

Deloitte Consulting CEO Says There Are Too Many Consultants

I'm just going to leave this here.  

If No One Else Will Hire You, Maybe You Should Call Deloitte

This is from Jim Moffatt, Chairman and CEO of Deloitte Consulting, as written in The Hill: "That’s why, in January 2014, my organization, Deloitte, joined more than 300 companies – including 20 members of the Fortune 50 – in signing the White House’s Best Practices for Recruiting and Hiring the Long-Term Unemployed. We did this […]

Sony Hack Also Leaked Deloitte Salaries, Reveals Gender Gap

We haven’t reported on the Sony hack yet because it has absolutely nothing to do with public accounting. Until today.

Deloitte Wasn’t About to Let PwC Announce a Partnership With Some Flashy Tech Company and Get Away With It

Today at Dell World, Dell and Deloitte announced a set of solutions focused on solving two specific technology challenges: helping companies better manage, scale and secure their IT infrastructure to enable effective customer experiences, and delivering improved patient outcomes in healthcare through better use of transformational technology and automation. The two industry leaders intend to […]

Deloitte, Please Stop Trying to Be the Walmart of Professional Services

Folks, we need to talk about something important this afternoon. We would like to talk about the professional services firm Deloitte and its big, bloated, dumb, directionless business strategy. Honestly, this is a firm that has spent the last few years trying to be everything to every business that needs any imaginable service that can […]

Deloitte So Desperate to Populate Its LinkedIn Group They’ve Resorted to Bribery

I'm not sure why an accounting firm would even care how many members its LinkedIn group has, perhaps it's just another dick measuring contest among the Big 4. I would think they'd be more worried about avoiding lawsuits and staying off the PCAOB's ever-growing shit list but whatever. US National Relations has just pestered alumni […]

Deloitte’s Diversity Messaging Gets Deliciously Subliminal

Sometimes you just need a cookie break…#omnomnom pic.twitter.com/9lFX81KtO9 — Life at Deloitte (@lifeatdeloitte) October 8, 2014

Audit is a Cornerstone of Their Work, Says Big 4 Firm Kicking Ass in Consulting

Just saw this beauty pop up on the ole Twitter timeline:   Audit plays critical role in building trust in public + capital markets – is a cornerstone of Deloitte’s work http://t.co/ZGzzwc1BKn — Deloitte (@Deloitte) September 26, 2014 Funny you say that, guys, because when we looked at your big, pretty revenue announcement earlier this […]

This Embarrassing Deloitte Mockumentary is Surprisingly Accurate

How is it possible this video from Deloitte Belgium has been out in the wild for nearly 3 years and we are only just now seeing it? This thing has "needs to be made fun of by Going Concern" written all over it. Let's venture into the corporate jungle and meet Homo Deloittus. No really, […]

Unfounded Crackpot Theory of the Day: Did Joe Echevarria Want to Stick It To Deloitte?

We've clearly got an Above Top Secret member hanging around the tip box this afternoon: The real unanswered question regarding Echevarria at Deloitte – I can understand that he wanted to announce that he did not want to stand for re-election (possibly he heard from insiders that he wouldn't get re-elected) the real question that […]

Ambitious Intern Totally Prepared to Make the Leap to Deloitte CEO Like Tomorrow

If you recall, we wondered out loud last week who might take up the esteemed chair that will soon be missing Joe Echevarria's ass. As we know, current CFO Frank Friedman will at least keep the chair warm until the formal election process is completed. Now, we have a self-nominated contender who has thrown his […]

Who Will Be the Next CEO of Deloitte?

Last Friday we learned that Deloitte CEO Joe Echevarria had decided to call it a career after 34 years at the Green Dot. The news came as a bit of surprise, especially since Joe is only 57 and would be able to serve another four years in the big chair without reaching Deloitte's mandatory retirement […]

Sometimes Life at Deloitte Involves Not Having a Life

If this is life at Deloitte, I feel terrible for this guy.   Quick start to a busy week. Four meetings down, two to go. Not sure why I chose 4:04… pic.twitter.com/zOBGHQR6zp — Life at Deloitte (@lifeatdeloitte) July 21, 2014 This sounds like an absolute nightmare, are we sure the Life at Deloitte account hasn't […]

Deloitte UK Desperate For a Few Good New Recruits

Business advisory firm Deloitte is offering placement opportunities to more than 1,000 graduates as part of a drive to recruit young talent. The firm, which employs 180 people at its Newcastle office, is inviting applications for 1,750 entry level positions across the group, including more than 1,000 roles for graduates. The firm is offering a […]

Comp Watch ’14: Anticipatory Anxiety in Deloitte Advisory

Last year, it was someone in tax who wanted to get a jump on Deloitte comp talks, this year it's an eager beaver in advisory who would like the honor: Deloitte Advisory ratings will be approved.  We should be hearing of our rating (and possible promotions) any day this week).  Raise %'s wont be communicated […]

We Have No Words For “Deloitte In a Word”

You've done the impossible, Deloitte, you've rendered us speechless.  

Deloitte Seeks to Dismiss Headhunter’s Claims of Sexual Harassment and Employment Discrimination

Last month, we told you about a lawsuit filed in New York by the ex wife of Mets great Art Shamsky. Kim Valentini-Shamsky is a recruiter (headhunter in the lawsuit) who alleges a laundry list of misdeeds by Deloitte, all brought on because she wouldn't bang the Deloitte guy she was sending candidates to. Deloitte's […]

Noted Forced Ranking Enthusiast Deloitte Declares Forced Ranking Dead

The timing of this discussion is pretty good considering we have not one but two hot conversations happening in Open Items as we speak; one person was “forced to resign” from the Big 4 after just 6 months, while another person asks if anyone has been or knows anyone who has been coached out. You will see momentarily what this has to do with forced rankings but for now, let’s pull an old article out of the archive from Francine McKenna:

Deloitte Prepares for IMPACT Day by Making an Impact on Talking About IMPACT Day

Oh, IMPACT Day. A 15 year tradition that puts Green Dotters in matching t-shirts and unleashes them upon their communities to "give back." From serving meals to the hungry to providing murals to art-starved walls in need, IMPACT Day is Deloitte's way of showing the community just how much they care for one day out […]

Deloitte Kicks off PCAOB Inspection Season with a Respectable Failure Rate* (by Deloitte Standards)

Oh lookie here, PCAOB inspection reports are out today. We shall gloss over Mantyla McReynolds, LLC and CF & Co., L.L.P, going straight to what we want. Deloitte is first out of the gate for the 2013 inspection season, perhaps due to the fact that 52 audits were inspected and only a measly 15 deemed […]

Deloitte Claims to Fire Clients Who Reject Gay Consultants

Last year, we had a pretty candid conversation about gay. We talked and talked and talked until we were blue in the face (there's a joke there I'm missing, I'm sure). At the end, I don't think we got any closer toward getting a feel of how comfortable public accounting is with gay, and in […]

Deloitte CEO Prefers Traditional Photo Op Over Selfie

As we've established, Deloitte CEO Joe Echevarria was setting trends in the realm of cool long ago. It's probably not surprising then that when a photo opportunity is presented to him, he prefers someone else hold the camera:  A standing ovation! And here we are with Joe E. In our midst. #EllenGabriel Fellows pic.twitter.com/bCmCoqIQs0 — […]

Deloitte Is Having Its Own Cesar Chavez Moment In San Francisco

As shared by our friends at Sqrl: "Received this today from a friend in SF. Everybody who was asked to join the D&T class action lawsuit say heeeeey!"

Ex-Wife of Art Shamsky Back in Court to Sue Deloitte for Sexual Harassment

A lawsuit was quietly filed in New York on Tuesday, naming Deloitte and Big D Talent Director Louis Bastone as defendants. The charge? Sexual harassment. Well, sexual harassment and severe work-related cockblocking.

Deloitte Is In Your State Office, Poaching Your CIO

Colorado Chief Information Officer Kristin Russell is leaving Gov. John Hickenlooper’s administration for a leadership role in a new government cloud computing practice of Deloitte Consulting LLP. Russell will be stepping down May 9 after just over three years as CIO and secretary of technology for the state government. The state has already begun the […]

Here’s How This Deloitte Consultant Gets Away With Working 3 Days a Week

Step 1: Get job at DeloitteStep 2: Have babyStep 3: ????Step 4: PROFIT!!! Andrea Garry has been with Deloitte for six years. She has a 3 year old and currently works 30 hours a week Monday through Wednesday. How does she do it? EASY: When I first started my career at Deloitte, someone said to […]

Deloitte Declares Weekends Are Not For Working, Unless You Are Working

All bets are off if you are actually working on the weekend but if you’re sitting at home binge-watching Netflix and trying to recall the names of those tiny humans who call you Mommy or Daddy, Deloitte wants you to put down the “PDA” and focus on the “life” in your “work-life” balance.