November 21, 2018

Deloitte

Deloitte Exec Gets Six-Week Vacation Thanks to Wife’s Heavy Foot, Russian Frivolity

I don't know about you all, but I'm enjoying all this tension with Russia. I like my Russia loud, loaded and resentful of America. Bring on Cold War 2.0, I say!  Of course there are drawbacks to strained relations with the Russkies. Like deportations! Jason Corcoran and Henry Meyer of Bloomberg report that 1,000+ executives from […]

Tweeting a Lot About Audit Stuff Can Get You a Job at Deloitte

Ed. note: in case you are too lazy to click over and/or incapable of using professional skepticism, it's the Onion, guys. Are you desperate to land a Big 4 gig? You should probably start hashtagging your financial analysis: NEW YORK—Citing his rapidly growing social media presence and prolific, insightful takes on generally accepted accounting practices, […]

Let’s Help Life at Deloitte Answer One Very Important Question

Is it just me or is this account getting worse by the day? You'd think I'd rejoice in its sticky sweet HR-approved drivel the more drivel-y it gets but I'm actually starting to feel bad for these people. Anyway, Life at Deloitte took a risk last week and asked one hard-hitting question: Power Lunch question: […]

Going Concern Presents: The Many Faces of Barry Salzberg

When it comes to Big 4 hotshots, we try not to play favorites (although my inappropriate sexual dreams about Big 4 hotshots definitely play favorites, my favorite being BoMo because BoMo HELLO) but the other day, I was Google Image searching for a good picture of Barry Salzberg when I realized the guy makes some […]

Life at Deloitte May or May Not Involve Time Spent on Your Knees

OH DEAR. Who let this one fly? I mean really. After a great practice run. The @TepperCMU team, Dr. Mather, and their coaches. pic.twitter.com/fx3g57DWXl — Life at Deloitte (@lifeatdeloitte) January 16, 2014 HAHAHA!! Practice run!! BWHAHAHAHAHA I am LOLing so hard I think I just sharted.

Life at Deloitte’s Advice For Doing Other People’s Work

Life at Deloitte has some sage advice for the overachievers out there who want to do the work of their superiors without being compensated for it: Don't be confined by levels or titles – I was doing aspects of my current job for 6 months before moving into the role #careeradvice #goals — Life at […]

Don’t Worry Everyone, Deloitte Totally Has This Future of Audits Thing Down

Exhibit A: Deloitte works w/ global regulators to shape policy and standards to help develop audit of the future #GR2013 http://t.co/3oZLBxB7kc — Deloitte (@Deloitte) January 6, 2014   This is courtesy the Big 4 firm that brought you Parmalat, Bear Stearns, MG Rover, Taylor, Bean & Whitaker… you get the point. But hey, shit happens […]

There’s a Hidden Deloitte Auditor in the Airport Cell Phone Crasher Video Making the Rounds

A tipster alerted us to the fact that there is a Deloitte auditor hiding in the "Cell Phone Crashing at the Airport" video that you've probably seen shared on your Facebook newsfeed no less than, what, 50 times today? See if you can spot her. Inevitably, one of you is going to be like "OMG!!1!!! […]

Deloitte Associate Exercises Powers of Persuasion; Scores Firm-Subsidized Xbox One

Apparently, an audit assistant at Deloitte has figured out a way for the firm to reimburse at least part of the cost of a new Xbox One under the guise of using it for fitness purposes. Let's watch him work his magic, starting with the first email he sent regarding the firm's subsidy program: From: […]

“How” Does This Deloitte Consulting Graphic Make You Feel?

Don't hold back. I'm pretty sure I made better gradient circles in CorelDRAW 6 when I was working at a sign shop in high school but that's just me.

Life at Deloitte Is Pulling Out the Fancypants Words This Week…

What fuckery is this? Do you know the difference between Chronos and Kairos? — Life at Deloitte (@lifeatdeloitte) November 5, 2013 I don't know about you all but I had to Google it.

Let’s All Buzz About Deloitte’s Fabled Green Carpet At Once

Wait, what? Lots of buzz about the fabled green carpet at our opening plenary — Life at Deloitte (@lifeatdeloitte) November 4, 2013 We can assume they are rolling out the green carpet in Orlando for a new senior manager training based on earlier tweets but who the hell knows based on this cryptic nonsense. More […]

Is Deloitte Ripping Off Poor Countries in Africa With This “Tax Strategy”?

There is a single guy going off about this Observer piece on Deloitte's Facebook page, and that's between all the randos cussing the D out for unleashing janky software on certain states' unemployed. It's not a good time for Deloitte, that's for sure: A global consultancy giant has been accused of advising big business, including […]

Let’s Discuss This Sentence From the Out & Equal Summit

This is happening right now in Minneapolis and of course the best we can do is get caught up through the Life at Deloitte Twitter account: "In order to retain top talent, an organization must create an environment where everyone can be themselves" @christie_smith2 #oesummit2013 — Life at Deloitte (@lifeatdeloitte) October 30, 2013 The quote […]

The PCAOB’s Disciplinary Action Against Deloitte Is the Latest Embarrassment for the Auditing Profession

Late yesterday we learned about the latest wrist slap coming from the PCAOB for an audit firm. Deloitte was fined $2 million for allowing a suspended partner, Christopher Anderson, "to become an 'associated person' of Deloitte during the period of the suspension."  I could go on but it's quite simple: there's nothing to like about this […]

Deloitte Fined $2M for Allowing Suspended Audit Partner to Keep on Auditing

Accounting giant Deloitte & Touche will pay a $2 million penalty to settle civil charges that it allowed a suspended auditor to continue working in the firm's public company audit practice, the U.S. audit watchdog said Tuesday. The Public Company Accounting Oversight Board, the body that polices auditors, said the fine matches a record penalty imposed […]

Life at Deloitte Means Not Getting Salty Over Lost Opportunities

The moment you realize you're too late… #DeloitteUProblems pic.twitter.com/yrfv1t8b3M — Life at Deloitte (@lifeatdeloitte) October 8, 2013

Deloitte Satisfied with Size of Check It’ll Cut to Settle Taylor Bean & Whitaker Lawsuit

The Green Dot blinks: Breaking: Attorney Steven Thomas says lawsuit by Taylor Bean & Whitaker bk trustee vs Deloitte settled "mutual satisfaction of parties". — Francine McKenna (@retheauditors) October 3, 2013 I've confirmed Francine's account with Mr. Thomas. Deloitte has not responded to our email requesting for comment. I spoke to Steven Thomas a few […]

Deloitte Is the Biggest Accounting Firm in the World Again (No Thanks to Its Audit Business)

If you recall, Chez Salzberg put up a good number, $32.4 billion in global revenues to be precise. PwC, as we mentioned this morning, came in at $32.1 billion so yes, that puts Deloitte on top of the Big 4 heap again after it's one-year wonder back in FY10.  In such a tight race, every […]

Deloitte Study: Accountants Don’t Have Fire in Their Bellies

Our AWEB colleague Jason Bramwell has the earth shattering results of Deloitte's Unlocking the Passion of the Explorer: In fall 2012, the Deloitte Center for the Edge surveyed approximately 3,000 full-time US workers who work more than thirty hours per week from fifteen industries and across various job levels for its Unlocking the Passion of the Explorer […]

Life at Deloitte Can Result in the Occasional Occupational Hazard

Smoking in the stairwell, again? Yup, been out of the office too long…locked in the stairs bc I forgot my badge on my desk #helpme — Life at Deloitte (@lifeatdeloitte) September 18, 2013

Ex-Deloitte Partner Learns That Procrastination Has Its Consequences

All humans procrastinate from time to time. Whether it's putting off washing the car or feeding the kids, we simply can't get to everything. I mean, who can? As indentured servants to the capital markets, you are all too familiar with this dilemma. The to-do list grows long quite quickly and it's difficult to prioritize. […]

ICYMI: Deloitte’s ‘Uncovering’ Study Uncovered More Than Bros Not Being Bros

Apparently the Life at Deloitte Twitter account has been busy tweeting other people's links to the Deloitte study we wrote about earlier this week, but of course no Going Concern love. We're going to assume this is due to our unruly comment section and not at all a reflection on our journalistic integrity or total […]

Deloitte Study: Lots of Straight White Guys Trying Not To Be Such Straight White Guys at Work

Diversity, as you all know, is critical to the success of any major company's efforts to appear as though they care about something other than making money. You might hear something like, "We celebrate diversity at our firm because it's the right thing to do, yada yada yada, but it's also good for business." Okay, […]

This Intern Captured “Your Future at Deloitte” Better Than Anyone

Apparently the Deloitte Luxembourg summer interns had a "tie photo contest" (yes, as in neckties) and of all the entries, we have to say this young lady NAILED IT. Unfortunately, she did not win but please, Deloitte, give this person an offer now. Clearly she is well-prepared for a life in public accounting.

Here’s Your Open Thread for Deloitte Compensation Discussions (2013)

Back in late June, someone in Deloitte Tax was feeling optimistic enough about this compensation to share their thoughts with us. Now it's mid-August and someone's anxiety has gotten the best of them:

Life at Deloitte Can Consist of ‘Intense’ Drawing and Coloring

Your parents will be so proud they spent all that money on your accounting education to get you to this point in your illustrious career. After an intense session of drawing and coloring, off to a goodbye dinner for a couple friends. — Life at Deloitte (@lifeatdeloitte) August 13, 2013 Oh, and because your life […]

Deloitte UK Boss Not Sure What You Were Expecting From That RBS Audit

Deloitte UK CEO David Sproul has been all over the British press for his remarks that politicians are hurting the country's economy by "trying to force companies to pay their fair share of tax." While it's true that politicians have an uncanny knack for getting in the way of all kinds of things, it's also […]

Deloitte University Opens an Austin Campus (or Something)

Your new Master of Science in Business Analytics degree is proudly brought to you by Deloitte: Deloitte has been announced as a founding sponsor for the new Master of Science (MS) in Business Analytics program at the McCombs School of Business at The University of Texas (UT) at Austin. Along with other corporate sponsors, Deloitte […]

Life at Deloitte Doesn’t Always Include Proper Meals

"Forgot" to eat lunch? More like was so overwhelmed with busy work that he couldn't tear himself away for 30 minutes to eat a proper meal. But hey, I'm sure that wasn't his first Cheetos and Snickers bar lunch and it sure won't be the last. Whoa – forgot to eat lunch and its almost […]

Deloitte’s Ability to Recruit Talent Not Affected By New York Ban Because, You Know, These Things Happen

Deloitte plans to hire about a gajillion people this year. If you don't believe me, just ask them! Even if the humblebragging gets a little old, jobs = good, so we (the royal kind) should all be grateful that the likes of Deloitte, EY, et al. are trying to solve the unemployment problem all by themselves. […]

The Guy Tweeting From Life at Deloitte This Week Might Need a Cold, Post-Workout Kool Aid

As most of you already know, the Life at Deloitte Twitter account is a great source of G-rated PR fluff allegedly written by real Green Dotters. And this week's winner is Steve Nading, a tax senior in Chicago. Now, unless he's traveling in California for the week – doubtful, since he tweeted "Good morning from […]

Deloitte Interns Wasting Perfectly Good Graffiti Wall

I realize that we won't find the next Banksy in the 2013 Deloitte intern class, but come on, you guys. Maybe print out some of your Excel art and stick that up there. Something. Of course, not everyone can be at the conference, so if you have a message you'd like to post, you may […]

Promotion/Comp Watch ’13: Optimism in Deloitte Tax

I just flew in from Las Vegas and boy, are my arms tired. Thanks for your patience. Your reward is the latest chatter on the promotion/compensation watch from Deloitte Tax: Deloitte Tax in Chicago let its TCII's know who is going to be promoted to senior, so I'm assuming other individuals getting promoted to manager, […]

New York Puts Deloitte in Time-out Over Standard Chartered

Remember last summer when Deloitte got itself wrapped up in a big international money laundering scandal? It was pretty exciting international intrigue-y stuff! The New York Department of Financial Services fined Standard Chartered bank $340 million last August for helping Iran move money around and now Cuomo & Co. have gotten around to holding Deloitte responsible […]

Here’s an Unconfirmed Story of an Audit Associate Dropping Out of Deloitte University After Getting a Better Offer

We've all heard the urban legends of the guy from another market who threw his laptop at a partner and stormed out in a moment more epic than the "fuck you" scene from Half Baked but very rarely do we actually get to witness these moments personally (not counting all the times I've drunkenly cussed […]

Deloitte Is the Audit Firm That Has Had the Most Trouble in China… By Far

Cruising around el Twittero this morning, we came across something interesting shared by Francine McKenna: Which auditor has most China fraud problems? Deloitte by a landslide. RT @chinajinrong: @retheauditors tradingfloor.com/posts/china-fi… — Francine McKenna (@retheauditors) May 29, 2013 This post by Fredrik Oqvist, founder of China RAI, has a table that shows which audit firms have had […]

Deloitte’s 2012 PCAOB Inspection Report Shows That the Firm Is Less Awful at Auditing Than It Used to Be

The PCAOB news is not letting up. Today, the Board released the 2012 inspection report for Deloitte. Considering the turnaround time in years past, this is pretty fast. The 2011 report was issued last December. If you count yourself as one of those people who enjoy A) reading these reports and B) quality auditing, then you will […]

Deloitte Suggests SEC Call the PCAOB If It Wants Those Longtop Documents

Last Friday, the PCAOB announced it had reached Memorandum of Understanding on Enforcement Cooperation with Chinese Regulators. While not a great deal for the Board, most people agreed that, at the very least, it's good for formally asking the Chinese, "Pretty please with sugar on top, may we have a peek at these documents?" Which […]

Joe Echevarria Was a Hipster Before It Was Cool

Before he was CEO of Deloitte, talking about creating thousands of jobs, talking to both current and ex-Presidents, and having 1%er problems, Joe Echevarria admits that he had some "rough edges." He group grew up in the Bronx, attended the University of Miami (aka Suntan U.) and didn't have the personal hygiene and fashion sense […]

Deloitte CEO Joe Echevarria Doesn’t Want to Hear About the Troubles You’ve Had Selling *Your* House

As you may recall, after Joe Echevarria became CEO of Deloitte in 2011, we learned that his house in Westchester was up for grabs with an asking price of $2.8 million. The 6,000 square-foot spread had hit the market in March of that year listed at $3 mil, so you can safely assume that Joe and his wife Ana were anxious to move the thing.

Deloitte Employees Are Reminded to Take Annual Review Time Seriously

Since the majority of the twelveteenth thousand Deloitte employees are not on the Twitter, including Barry Salzberg, we’d like to help get the word out:

Judge: Deloitte Can Handle Two Chinese-related Court Cases Just Fine

Deloitte Touche Tohmatsu CPA Ltd. lost a bid to delay a lawsuit brought by the U.S. Securities and Exchange Commission seeking documents in an investigation of the auditor’s former client Longtop Financial Technologies Ltd. U.S. District Judge Gladys Kessler in Washington today rejected Shanghai-based Deloitte’s argument that the case should be put on hold while an […]

Deloitte Employees Understandably Jumpy After Receiving ‘My Compliance Violations’ Email

Something from the mailbag this morning: Wanna see 60,000+ employees freak-out for a hot second and halt productivity for a bit , send them a firm wide e-mail with the below subject… Imagine, if you dare, being a Deloitte audit professional and receiving an email with the following: From: Ethics & Compliance Monitoring Sent: Thursday, April […]

You Can Now Major in Diversity at Deloitte University

Unfortunately, there's no indication that the culinary secrets will be shared any time soon: Representatives from Fortune 500 companies, government, non-profits and academia examined the evolution of inclusive workplaces at the recent launch of the Deloitte University (DU) Leadership Center for Inclusion.  The more than 250 attendees discussed a wide range of inclusion issues including […]

Chimera Seems to Have Enjoyed Firing Deloitte a Little More the Second Time Around

If you've read anything recent about Chimera Investment Corp., you're no doubt glad that you don't have any part in it. Tony Catanatch's post from last week has more than enough to most auditors want to grit their teeth into dust: Here is a company that has neither filed a quarterly report since November 18, 2011 […]

ICYMI: Deloitte Pays the Wall Street Journal to Blog, or Something

Who knew?! I have to admit that I wasn't really paying attention, but then again, I don't really cruise the WSJ's paywalled C-suite pages that are impervious to the Google-search-the headline-for-total-access trick. But yes! Deloitte has had an exclusive deal to "sponsor a regular stream of content" at CFO Journal and CIO Journal, for some time and it's all […]

Brisket, Blueberries Some of the Best Fare at Deloitte University: Sources

Back in 2011, Deloitte swung open the doors on a 107-acre, $300 million spectacle in Westlake, Texas known as Deloitte University; its centerpiece being a 700,000 square-foot building that has thirty-five classrooms, thirty-six "team" rooms, a  ballroom, an amphitheater that seats 176 people, 800 guest rooms, three restaurants, and a state-of-the art fitness center. It's perks like "The DU"1 that make […]

There’s No Way Someone at Deloitte Leaked Those Carolina Panthers Financial Statements

Yesterday, Tommy Craggs at Deadspin scooped more sports franchise financial statements, this time those of the Carolina Panthers. As usual, it's great insight into how sports teams are shrewdly run businesses1. Just like any financial statement report, the good stuff is in the notes and Craggs dissects the more interesting points. If you're not up […]

PwC and Deloitte Probably Don’t Care That They Lost So Many Audit Clients

One possible alternative title for Accounting Today's "scorecard for new SEC audit clients" would be "Jesus, PwC and Deloitte Lost a Lot of Audit Clients Last Year." I'll go out on a limb and say that it probably didn't even make the short list. AT went with "E&Y, KPMG Top 2012 for Audit Client Wins" which is […]

God, Deloitte Is Still Humblebragging About Its Hiring Numbers

We've grown accustomed to Big 4 people dropping huge hiring numbers in order to get oooohs and ahhhhhs out of media people and Joe Echevarria was on Bloomberg TV today doing more of the same: Sara Eisen: Are you picking up jobs from Wall Street as Wall Street sheds and shrinks? Joe E.: Absolutely. We're […]

Oh Look, Deloitte Has More Trouble Thanks to a Chinese Audit Client

Just when you thought Deloitte's China rash had gone into remission, some investors come along who don't think too highly of the audit performed by D to the T. In this particular case, the investors are a group of investment funds including Columbia Pacific Opportunity Fund LP and Fir Tree Value Master Fund LP who, according […]

Deloitte Reminds Its Auditors Professional Skepticism Is Their *Real* One True Love

One GC reader is not impressed by this expression of love today: "At Deloitte, this is what the people in the Central region received today as their Valentines Day." We are still waiting for a copy of the "bizarre email that intersects Valentines Day and audit quality" we hear was sent out along with these […]

Deloitte Is Still Defending Its Independent Foreclosure Review Work

Remember last week when the New York Times published a report that quoted one Deloitte employee who got a lot of reading done while working on JP Morgan Chase's Independent Foreclosure Review?  Deloitte was not impressed. Although a Huffington Post report from earlier this week has quoted a source who had their own twist on the […]

Deloitte Finally Gets Some Good Exposure

In case you missed it, January 13, 2013 was the 12th Annual No Pants Subway Ride. This guy's Deloitte backpack and striped manties did not miss it:

Deloitte Resents the Depiction of Its Independent Review Foreclosure Work as “Story Time”

Deloitte, the consulting firm hired to examine foreclosures for JPMorgan Chase, brought in reviewers to look at the documents before the examination procedures were ironed out. The result: Employees sat around with no work for more than a month while collecting a paycheck. “We would just read our books,” one of the reviewers said. “We strongly […]

Will the Foreclosure Settlement Result in Collateral Damage at the Big 4?

Earlier today, a settlement was reached between federal regulators, led by the Office of the Comptroller of the Currency and the Federal Reserve, and ten banks over foreclosure abuses. Over the past week or so, the New York Times has been reporting that a settlement was expected, imminent and today it was announced that the […]

PwC Poaches a KPMG Partner and Issues a Press Release, Part VIII

An alternative title for this post would be "PwC Poaches a KPMG Partner and a Deloitte Partner and Issues a Press Release, Part I." John Tantillo and Farah Faruqui are proud new partners in PwC's Risk Assurance Services practice; they both specialize in internal audit. Tantillo spent 27 years at KPMG prior to trading in for […]

Deloitte Rewards Auditors for Job Well Done with Professional Skepticism Homework

On December 21st, long after most people had given up on the world coming to an end and just about the time everyone on the east coast was about to check out for the rest of 2012, the PCAOB conveniently released the 2011 inspection reports for Deloitte, Grant Thornton, and Ernst & Young. The timing […]

Report: Working For Deloitte Makes You More Special Than Getting Into Harvard

Oh man. We've got another shill piece littering up the hack media today, this one brought to you by the fine folks at AOL so you know it's going to be good: Deloitte LLP, a global professional services firm frequently on the Best Companies To Work At lists, is no exception. The company, which employs […]

Deloitte Intern Candidate Just Smoked the Competition’s Thoughtful Thank You Emails

Kiss that Green Dot Internship good-bye, you inconsiderate beasts. Love it…I just received a handwritten thank you note from an intern candidate I took to lunch last week. Those will NEVER go out of style! — Life at Deloitte (@lifeatdeloitte) November 30, 2012 Better go brush up on your Judith Martin, rubes. [via @LifeatDeloitte]

Deloitte Didn’t Know Anything About These Accounting Improprieties You Speak Of

Remember what Meg said, "“The board relied on audited financials — audited by Deloitte — not Brand X accounting firm but Deloitte.” Via the New York Times: Deloitte notes the allegations made yesterday by Hewlett Packard (HP) that ‘some former members of Autonomy’s management team used serious accounting improprieties, disclosure failures and outright misrepresentations to inflate […]

Recruiting Season Regrets: The Guy Who Passed Up a Career with Deloitte to Sell Copious Amounts of Pot

Right now, many accounting students are giving serious thought to their futures. Right this very minute, in fact, a few are gnawing their already bloody fingernails waiting for a Going Concern blogger to tell them what to do with their lives. They can't trust their parents and friends so it's only natural that they ask […]

Insider Trading Cost Tom Flanagan a Lot More Than 21 Months of Freedom

Late on Friday, word came down that former Deloitte vice chairman Tom Flanagan was sentenced to 21 months in prison for his insider trading activities. People hate it when big shots use their status to trade on information the rest of us don't have access to, but gears grind into dust when people like Flanagan […]

Deloitte Survey Comes to Obvious Conclusion the Entire Internet Has Known Since At Least 2001

You know, it's a great thing we have the Big 4, Robert Half, Accountemps and others to spend their precious time pestering CEOs, CIOs, HR managers, CFOs and average grunts with surveys or else we might never know things we already know, like that business use of social media is on the rise: Deloitte’s fourth […]

Deloitte Will Always Be an Audit Firm at Heart, You Guys

Last week, Deloitte announced that its most recent fiscal year was pret-tay, pret-tay, pret-tay good. $31.3 billion is nothing to sneeze at and the consulting and financial advisory businesses are leading the charge, as the Economist notes: In fiscal 2012 Deloitte increased its revenues from consulting by 13.5% and from financial advisory by 15%—compared with just […]

And Now, Here Are Deloitte Chargeable Hour Goals (Assurance)

Following up on the Ernst & Young chargeability goals we published earlier this week, now we bring you Deloitte's goals for "2012" sent to us, second-hand, from a trusted source: Staff – minimum of 1,900 Manager – 1,700 Senior Manager – 1,600   However, after farming the comments on the E&Y post, here are some […]

Deloitte Campus Recruits to Imagine Olympians Naked While Listening to Their Stories of Inspiration

Yes, Deloitte is counting on college students being impressed with stories of determination, hope, competition, blah blah blah while gawking at the Olympic quality bods of Abby Wambach, Cullen Jones, Mariel Zagunis, Jonathan Horton, and April Holmes. And as long at they don't have any of them say something as awkward as Apolo Ohno's quote in that […]

Deloitte Trainee Busted For Faking Doctor Notes To Explain His Failed Exams

What do you do when you are feeling the pressure to pass your professional exams but just can’t seem to get over the hump? If you’re this guy from Deloitte UK, you forge doctor notes to buy yourself some more time. Too bad for him he failed again and got busted. Nahied Kabir had two […]

Bank of America Gets It Some Sharon Allen

Bank of America announced today that perpetually hydrated former Deloitte Chairwoman Sharon Allen will be joining their board of directors effectively immediately. This appointment by a prominent company naming a former Big 4 bigwig to their BoD follows announcements by J.P. Morgan and Walmart that ex-KPMG Chairman Tim Flynn would be joining their boards. This is probably a good […]

Promotion Watch ’12: Deloitte Partners and Principals

Yes, 162 lucky boys and girls have earned their partner badges, according to an email that a tipster sent us. It's a crowning achievement after many long nights, arguments with spouse, and New Year's resolutions to shed the weight gained last busy season. Memo to ambitious youngsters: this is what it takes. Here are some […]

Compensation Watch ’12: Disappointment at Deloitte – UPDATE: Also, Offended!

After sending out a few fluffer posts in July to get everyone worked up, we've heard from a couple of people who had their compensation discussions today. So far the news has come from one audit and one advisory professional out of NYC. As is typical with many of you who send in tips, the […]

This Story of a Deloitte Partner’s Suicide is Really Tragic

Deloitte partner Daniel Pirron's suicide is terrible. Anyone that has had to cope with a loved one taking his or her own life knows the helpless feeling you have in the aftermath of such a tragedy. If someone at your company committs suicide, the emotional level is obviously different but it is no less shocking regardless […]

Here’s a Look Inside Deloitte’s New Office Location at 30 Rock

Long ago, we broke the news that Deloitte would be consolidating its New York City offices into one location at 30 Rockefeller Plaza. This is exciting moment for all the NYC employees who will spend hours and hours staring a new blandly colored walls. This past week, there was a little fiesta to celebrate the […]

Some People Would LIke Deloitte to Quit Doggin’ It

We've seen shoddy auditing, insider trading, HSBC, attitudes full of platitudes, old dogs, and now Standard Chartered Bank. Oh sure, they might be hunting for free money in Connecticut and sporting a freakishly tight hiney in Boston, but some people think it's time we had a serious conversation:    Mistakes are unavoidable in a business that counts […]

Former Deloitte Partner Thomas Flanagan Pleads Guilty to Insider Trading

You know, if ol' Tom ends up doing some hard time, I know of someone who might be able to recommend a rigorous exercise regimen that will keep him busy while he's inside: Federal prosecutors recommended a prison term of at least 37 months for Thomas Flanagan, 64. Flanagan was a partner for more than […]

The Deloitte Principal Who Wrote the ‘Watered-down’ Report for Standard Chartered Bank Has a Wikipedia Page

On Monday, we learned that Deloitte found itself in a bit of awkward situation with New York's Department of Financial Services because they "apparently aided" Standard Chartered Bank in hiding about $250 billion in transactions with Iran. In the order, DFS Superintendent Benjamin Lawsky states that Deloitte "intentionally omitted critical information in its 'independent report' […]

(UPDATE) Pay No Attention to the Accountant Eating Seven Meals a Day, He’s Just a Bodybuilder

With all the less-than-awesome news coming out of Deloitte these days, we're thrilled to have an example to share with you all that shows not all accountants are Cheeto-eating shlubs. Going Concern faithful, meet Andy Kalinowski, a natural bodybuilder out of Deloitte. Andy does 40 minutes of cardio a day, five days a week and […]

Deloitte Managed to Get Entangled in a Big International Money Laundering Scheme (Allegedly!)

Reuters reports that a banking unit within Standard Chartered Bank hid more than $250 billion of transactions "by scheming with Iran" that is in violation of U.S. anti-mony laundering laws. Of course, this multitude of transactions couldn't simply have two conspirators, and the order issued by New York's Department of Financial Services fingers Deloitte: [Standard […]

Hiring Watch ’12-’13 and Beyond: Deloitte

Under Governor Dannel Malloy's "First Five program" if Deloitte adds (and retains) enough green dots in the Constitution State over the next 5 years, there will be a nice little bonus in it for them:  Deloitte will retain the 1,153 existing Deloitte employees in the state, according to a news release from Malloy's office. The […]

Deloitte Informs Indiana Officials That When You Let $526 Million Go Missing That, Yeah, It Can Take Awhile to Find It

Maybe you're not aware of this, but the state of Indiana lost track of $320 million in corporate taxes. Yep! They know that "state workers did not properly enter changes in the state's tax collection system" but why it took them four years to discover the problem is anybody's guess. Oh, and they also owe […]

It Appears As Though Deloitte’s Recent Gen Y Survey May Have Been Rigged

Does everyone remember Barry Salzberg's article in Forbes that finally shed light on the elusive wants and needs of the Gen Y digital ninjas? I know everyone was probably thrilled to finally understand what it is Millennials want since we've all been sitting here scratching our balding gray heads trying to figure it out. Anyone […]

Compensation and Bonus Watch ’12: Deloitte Audit

As you recall, last week we went over the Deloitte AERS Advisory group's compensation numbers. Today, we have more comp data to share, this time for the opiners. Unfortunately, we don't have the financial results slide but most of all the other details will be included in this post. Let's get right to it, shall […]

Comp and Bonus Watch ’12: Here’s What Deloitte AERS Advisory Will Be Serving Up

Last week, we threw out a thread to get Deloitte's compensation discussion going which really dived into nothing of particular importance other than the usual bickering. It's possible that the discussion jumped the gun a bit, but if nothing else it got people lathered up and anxious for more details. Thankfully, we now have more […]

Deloitte Achieves Another Unflattering Milestone in Audit Quality

As you well know, the quality of work performed by Big 4 auditors has been called into question aloud on a regular basis since the fall of 2008. Oh sure, you might say that ever since there was a Final 4 (circa 2002) there have been haters, but since we all came to the brink […]

Deloitte Recycles Greg Weaver as Chairman and CEO of Its Audit Subsidiary

Deloitte is appointing a new Chairman and CEO of its audit subsidiary, Deloitte & Touche, and the new man in charge is actually an old man in charge – Greg Weaver. He led D&T from 2001 to 2005 and with this triumphant return to big chair, this basically making him the Grover Cleveland of the […]

Joe Echevarria: Washington Needs to Get Its Act Together

Deloitte CEO Joe Echevarria is confident in his firm's ability to create jobs. He told CNBC that the Green Dot will hire another 17,000 new employees next year (netting "about half of that"). The reason that other, lesser, CEOs aren't kicking ass and taking names is that they can't deal with all the uncertainty out […]

Deloitte Auditor Recognizes Overachieving Intern’s Nauseating Enthusiasm, Responds Accordingly

There's nothing quite like an enthusiastic intern who wants to be prepared for their first day on the job. And when I say, "nothing quite like," I mean, "Nothing quite as barf-worthy." Make no mistake, the effort is appreciated young grasshoppers, but you should know that the senior associate or manager that you are corresponding […]

Deloitte Tax Professionals Being Asked for a Little Extra Effort in the New Year

Employees at Deloitte are still wishing each other a happy new (fiscal) year, so many are getting amped for merit increase and bonus discussions. However, while you're attempting to rehash all your accomplishments from last year, tax leadership is already looking forward to next FY13, and how you will make this the best (read: chargeabilitiest) […]

Deloitte Employees Get to Play Outside Today

It's that time of year where Green Dots put on blue t-shirts and run around the urban wasteland picking up trash along freeways, handing out muffin stumps to the homeless, and using gas cans to build homes for those less fortunate. Yes, it's Deloitte IMPACT Day and some less handy and/or peasant-averse employees will be […]

Some of You Should Take Fashion Advice From This Deloitte Consultant

We cover fashion from time to time here on Going Concern primarily because so many of you are in desperate need of help in that department. Look, I know it's hard to pick out clothes when you don't live with mom anymore (or she has finally refused to do it) but like we've said before, […]

Here Are a Few Ridiculous Things Deloitte’s Punit Renjen Said in a Recent Interview

In the past, we've called attention to some of the brutally boring interviews that Deloitte bigwigs have done with various outlets. Joe Echevarria. Barry Salzberg. Deb DeHaas. We read these so you didn't have to. You're welcome. Today, however, we read an interview with Deloitte Chairman Punit Renjen that wasn't half bad. It was done […]

Twitter Absentee Barry Salzberg Preaches the Importance of Social Media

To our knowledge, Dr. Phil hasn't taken up the Deloitte CEO Twitter torch since he replaced Jim Quigley, so you'll excuse us if we take this comment from Salzberg's talk at Brooklyn College as a little disingenuous:  During the meeting, Salzberg advised students on their careers and answered questions about professional advancement, such as how […]

Let’s Speculate About: Joe Echevarria’s Rumored Meeting with the SEC

Earlier today we were informed that Deloitte CEO Joe Echevarria was a commencement speaker at the University of Miami, his alma mater, this morning. A quick search confirmed Joe E's gig, however, our tipster had this to add:  Said he had just come from a meeting with SEC, didn't mention what it was about, lol. This could […]

Ex-Deloitte Manager Shares New Venture with 182,000 (Give or Take) of His Closest Colleagues

Yesterday we shared a travesty of a farewell email that defies all professional etiquette and common decency. Later today we'll give you some pointers for crafting a farewell email that doesn't annoy everyone, but for now we have Exhibit B for self-serving, over-sharing accountants who seek greener pastures: Hello Everyone,   After five and a […]

Superfluous Press Release of the Day: Deloitte Applies for Top Level Domain Name: “.deloitte”

Perhaps I'm wrong about this, but announcing the application for a Top Level Domain seems a bit unnecessary. I'm sure Deloitte will obtain the TLD without any problems, but they seem overly enthusiastic about some of the benefits, saying that it will "[improve] site accessibility and usability to Deloitte member firm clients, recruits, and others […]

Wow, Deloitte Nearly Went a Month Without Resigning From a Hong Kong-listed Audit Client

It's been 26 days since Deloitte resigned as the auditor of Daqing Dairy, which is an impressive streak considering the number of days between the previous two resignations was seven. This time around, the Green Dot is walking on SouthGobi Resources Ltd.: Deloitte & Touch LLP has resigned as an auditor “on its own initiative” […]

Will This Deloitte Tax Consultant Be the Next Miss America?

Okay, maybe I'm getting ahead of myself. Vivian Wei is currently vying for the Miss California crown, so let's not get too excited just yet, but sure, it's a possibility! Right now, Ms. Wei is reigning Miss San Francisco which is pretty good, I guess. She's a graduate of UC Berkley's Haas School of Business […]

This Deloitte Press Release Has an Awkward Quote From Apolo Ohno

Ahhhh, the Olympics. Competition, national pride, inspiring life stories, a bunch of young athletes swapping bodily fluids for two weeks. It's really a time-honored tradition. A time-honored tradition that needs a professional services firm to guide it through the complexities of international business. Deloitte is that firm and to celebrate its renewal of sponsoring the […]

Deloitte Netherlands CEO Is Resigning After Stupidly Violating Independence Rules

Not exactly the best way to start a new job: Deloitte said the chief executive of its Dutch arm had stepped down with immediate effect after breaking internal rules on owning stakes in companies whose books are audited by the accountancy firm. Deloitte Netherlands CEO Piet Hein Meeter, who took up the job on Jan. 1, […]