September 22, 2019

Big 4

Hiring Watch ’19: EY Is Looking for Some Fresh Faces In New Orleans

First Nashville, now the EY hiring caravan is heading to New Orleans. Ernst & Young, an international accounting and business services firm, will create an administrative support center in New Orleans that will add 200 employees in the next three years, city, state and economic development officials announced Monday (May 6). The center will be […]

‘I’m F*cked’: What Amber Guyger Told 911 Dispatcher After She Killed PwC Accountant Botham Jean

A Dallas TV station obtained the audio recording of the 911 call made by now-former Dallas police officer Amber Guyger after she shot and killed PwC accountant Botham Jean in his apartment, in which she repeatedly tells the dispatcher that she thought she was entering her apartment. Guyger, 30, is scheduled to go on trial […]

Hiring Watch ’19: EY Is Looking for Warm Bodies to Fill New Tax and Tech Jobs In Nashville

Back in November, EY and Tennessee state officials made a big to-do about the Big 4 firm signing a lease at a new 10-story office building being constructed in the Music Row district of Nashville. And during that press conference, EY announced that it would be adding 600 jobs in Nashville over the next five […]

The Big 4 Will Stomp On Your Creativity Like a Grape

In an interview with the Australian Financial Review, Nicola Mansfield talked about why she jumped ship from Deloitte Australia recently to become the managing director of Interbrand, a brand consulting firm owned by global advertising company Omnicom Group. Mansfield joined Deloitte in late 2015 after the Big 4 firm bought the brand and spatial design […]

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KPMG Just Can’t Stay Out of Trouble

On this week’s episode of “KPMG Did Something Bad” … A U.K. regulator on Tuesday fined KPMG LLP and three executives after an investigation that found misconduct in relation to the audit of financial statements of a Lloyd’s of London insurance syndicate. The Financial Reporting Council, Britain’s watchdog for accounting and audit, fined KPMG £6 […]

Which Firm Topped the Big 4 in IPO Audits in Q1 of 2019?

2019 is supposed to be a record-breaking year for initial public offerings. At least that’s what the experts have been telling everyone. Barrett Daniels, Deloitte’s national IPO services leader, said the IPO market in 2019 “could end up being historic,” while Jackie Kelley, EY Americas IPO leader, said “this is going to be the best […]

Vault 2020 Firm Rankings: Forensic Accounting FTW

Happy Monday, gang. Today, we’re going to take a look at Vault’s 2020 ranking of the “Best Accounting Firms for Forensic Accounting.” We wanted to give some love to these number-crunching crime fighters who helped take down Paul Manafort and bust idiot celebrities who illegally tried to get their wannabe-celebrity children admitted into elite universities […]

IRS Poaches a KPMG Managing Director and Issues a Press Release, Part I

The IRS has itself a new associate chief counsel, international, in the Office of the Chief Counsel, and the agency plucked him away from our favorite four-letter Big 4 firm. Peter Blessing is his name, and international tax law is his game. “We are very fortunate to attract an individual of his caliber and expertise,” […]

Tina Frost, EY Employee Shot In Las Vegas, Still On the Road to Recovery

Tina Frost (right) pictured with her mother, Mary Watson Moreland. It’s been several months since we checked in to see how Tina Frost is doing. Frost, an accountant at EY in San Diego, was shot in the head during the Route 91 Harvest Festival mass shooting in Las Vegas on Oct. 1, 2017. Frost’s mom, […]

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Vault 2020 Firm Rankings: KPMG Is the Diversitiest of the Big 4

We’ve given KPMG a lot of shit on this site recently, and rightly so. But we’re going to throw the House of Klynveld a bone today, as there’s some good news to report: KPMG nearly swept the diversity categories in Vault’s “Best Accounting Firms” rankings. Let’s not kid ourselves, though: The accounting profession is still […]

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KPMG Mexico Could Be Facing Fine of Up to $1.6 Million For Huge Data Leak Blunder

Mexican authorities said KPMG Mexico could be fined as much as 30 million pesos (about $1.57 million) for exposing the confidential payroll data of employees at 41 of its clients, which was housed in an unsecured database that wound up on the Internet. According to El Economista, the National Institute of Transparency, Access to Information […]

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 […]

PwC’s 2017 PCAOB Inspection Report Is Fairly Unspectacular

So far among the top seven firms in the U.S., the PCAOB has released 2017 inspections reports for five: one was god-awful (RSM US), one was horrible (KPMG), one was pretty, dare I say, good (Deloitte), and one was dynamic (Grant Thornton). PwC’s inspection report would probably fall on the “good” side (if you consider […]

Vault 2020 Firm Rankings: Culture, Leadership, Relationships with Supervisors, and Work/Life Balance

Hey, guys. Hope you all had a nice, relaxing holiday weekend. As you know, Mondays after a holiday weekend suck, especially if you hate your job. But there are accounting professionals out there who were probably champing at the bit to come to work today because they actually enjoy being there and being around their […]

Vault 2020 Firm Rankings: Benefits, Comp, Vacation, and Promotion Policies

Earlier this week, we wrote about PwC’s continued dominance on Vault’s Accounting 50 and most prestigious firm rankings. Today, we’re going to focus on four of the 18 “quality of life” rankings that fall under Vault’s latest “Best Accounting Firms to Work For” section. And these four categories are near and dear to your heart: […]

This Slo-Mo KPMG Ignition Center Ribbon-Cutting Video Is Oddly Amusing

KPMG and the city of Chicago broke out the giant scissors on April 9, officially opening KPMG’s seventh and largest Ignition Center, located on the 68th floor of the Aon Center. I honestly could care less about the new Ignition Center. If for some reason you do, you can read more about it here. But […]

Apparently KPMG Mexico Exposed Some People’s Personal and Tax Information For All the World to See

Just when you thought things couldn’t get any worse for KPMG, we have this news coming out of Mexico. And it seems really bad. José Soto Galindo of El Economista reported (translated from Spanish): A group of software developers of KPMG Mexico downloaded without authorization from their holders digital tax receipts from the Tax Administration […]

You’ll Have to Pry Vault’s ‘Most Prestigious Firm’ Title Out of PwC’s Cold, Dead Hands

A little while ago, we told you how PwC locked down the top spot in Vault’s 2020 Accounting 50—the seventh consecutive year the firm has been ranked No. 1.  But believe it or not, this isn’t the longest win streak P. Dubs has going when it comes to Vault’s rankings. Even though the House of […]

PwC Once Again Tops Vault Accounting 50 (2020)

It’s one of our favorite times of the year at GC HQ when our friends at Vault put out their yearly rankings of the top accounting firms in the U.S. in several categories. But for now, we’re going to focus on the overall top 50 ranking. The No. 1 firm in the U.S. for 2020, […]

Ex-KPMG Executive Director’s Sentencing Put Off Until June

We won’t know until June at the earliest how much prison time former KPMG executive director Cynthia Holder will get for her involvement in a scheme to steal confidential audit inspection information from the Public Company Accounting Oversight Board. Holder was supposed to be sentenced in Manhattan federal court on April 5, but her sentencing […]

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KPMG Bermuda’s Head of Ethics Fined By the PCAOB For Being Unethical

Here’s a fun story of what not to do if you’re an ethics director at a Big 4 firm. Damion Henderson, a managing director at KPMG Bermuda, was fined $10,000 by the PCAOB on April 9 for signing off on documents that had been re-created and backdated in advance of a PCAOB inspection and not […]

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 […]

The Olds vs. PwC: Age Discrimination Case Can Proceed as a Collective Action

It’s been a while since we’ve had an update on Rabin v. PricewaterhouseCoopers LLP, the age discrimination lawsuit accusing PwC of favoring younger workers over individuals over the age of 40 for entry-level positions within the firm. Well, we’re happy to tell you we have a little bit of news, courtesy of Law.com: U.S. District […]

Trial of Ex-Dallas Cop Accused of Killing PwC Accountant Botham Jean Delayed Until September

Amid all the Chicago Cubs angst that has been in my Twitter feed of late was this tweet from the Dallas Morning News: Former Dallas officer Amber Guyger's murder trial delayed in slaying of Botham Jean https://t.co/RHdhIN1FnA — Dallas Morning News (@dallasnews) April 2, 2019 Guyger’s murder trial was supposed to begin on Aug. 12, […]

Audit Deficiencies Got Much Worse Among Big 4 Firms in Canada

I came across an article on the site Canadian Accountant this morning that said Canada’s audit regulator, the Canadian Public Accountability Board, recently issued its annual inspection results for 2018, finding significant audit deficiencies increased from 15 in 2017 to 34 in 2018. Thirty-four total significant deficiency findings might not seem that bad compared to […]

Scott Vetere

Ex-KPMG Recruiter Who Got Caught Screwing a Gymnast In Parking Lot Gets Off

Forgive us for being late with this update, my “perverted former Big 4 employees behaving badly” Google alert has been acting funky lately. Back in October we introduced you to Scott Vetere, a randy young fella who boasted an impressive athletic past, a stint recruiting for KPMG, and the skills necessary to bag a young […]

Oh Look, EY Is On the Receiving End Of Another Sexual Harassment Complaint

After we recently reported on sexual harassment allegations made against male executives at EY U.S. and EY Switzerland by former female employees, Adrienne and I got an email from a woman by the name of Ana Raquel Villanueva who told us that she, too, was a victim of sexual harassment while employed at EY in […]

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, […]

U.K.’s Audit Regulator Wants to Find Out Exactly Why KPMG Is Such a Hot F*cking Mess

From the Wall Street Journal: The U.K. watchdog for accounting and audit on Tuesday launched an independent review into the governance, controls and culture at KPMG LLP’s U.K. audit unit. The Financial Reporting Council will examine KPMG’s risk management, its controls and the behavior of partners and other employees in the audit practice. This first-of-its-kind […]

Gender Pay Gap at KPMG U.K. Is Actually Getting Larger, You Guys

From the Financial Times: KPMG is the only Big Four accounting firm [in the U.K.] to have failed to close its gender pay gap over the past 12 months, with the median gap between what its male and female staff earn increasing to 28 per cent. The other three firms, EY, PwC and Deloitte, all […]

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 […]

Kamp KPMG Will Officially Be Called KPMG Lakehouse, According to Over-the-Top Teaser Video

KPMG released a one-minute video yesterday teasing KPMG Lakehouse, its new $450 million training and development center that is scheduled to open next January in the Orlando community of Lake Nona. And woo-boy, is it cheesy—replete with uplifting music, black turtlenecks, people using tablets, selfies, and the sun glistening off the water. Located on a […]

Thief

PwC Embroiled In Massive Office-Wide Theft Scandal

People who aren’t accountants no doubt believe accounting to be one of the most trustworthy professions out there, second only to Buddhist monkistry, the clergy (in most cases, anyway), and professional seeing-eye dogging. However, despite being bound by a strict code of ethics under their respective professional licensing bodies, as well as their own rigid […]

EY Employees In Johannesburg Forced to Evacuate Due to Bomb Scare, Nothing Found

A bomb threat led to the evacuation of an EY South Africa office in Sandton, Johannesburg earlier today, but authorities allowed employees to return to work later in the afternoon after finding nothing suspicious during a search of the building. Due to a safety concern, we are currently evacuating our Johannesburg office at 102 Rivonia […]

EY Names Carmine Di Sibio’s Replacement as Global Managing Partner for Client Service

Andy Baldwin, your table is ready. EY today announces that Andy Baldwin has been appointed the next EY Global Managing Partner – Client Service, effective from 1 July 2019. In this role, Baldwin will be responsible for leading the go-to-market and client activities. He will also have overall leadership for the three EY geographic areas […]

Ex-Dallas Cop Accused of Murdering PwC Accountant Botham Jean Will Go On Trial In August

The murder trial for Amber Guyger, the former Dallas police officer who was charged in the 2018 shooting death of PwC Associate Botham Jean, will begin on Aug. 12, according to published reports. Guyger and her attorneys made a brief appearance in court on March 18 for an “announcement setting,” but a gag order issued […]

Tim Ryan Crunches More Than Just Numbers

A couple hours ago, as I’m putting together today’s newsletter, Adrienne and I got a text from Caleb that said, “Tim Ryan does 1,200 sit-ups in a day? Holy shit.” I thought, “What the hell is he talking about?” So, I Googled “Tim Ryan PwC sit-ups,” and sure enough, a March 13 Wall Street Journal […]

PwC New Zealand Accountant Killed in Christchurch Mosque Terrorist Attack

A 27-year-old chartered accountant from Pakistan who worked at PwC New Zealand was among the 50 people who were killed during a terrorist attack at two mosques in Christchurch, New Zealand on March 15, according to published reports. The Ministry of Foreign Affairs in Pakistan confirmed the death of Syed Areeb Ahmed on March 16. […]

PwC Settles with FDIC for $335 Million Over Colonial Bank’s Epic Collapse

Well, this was some news I really wasn’t expecting today. FDIC as Receiver for Colonial Bank, Montgomery, AL, reached a $335 million settlement with PricewaterhouseCoopers LLP related to professional negligence claims. Colonial Bank failed on August 14, 2009. https://t.co/W2ohFNCvRe — FDIC Gov (@FDICgov) March 15, 2019 Here is the full statement from the FDIC: The […]

Auditor Swap: Fitbit Dumps PwC In Favor of Grant Thornton

The Purple Rose of Chicago just got itself a new engagement. Via Reuters: Wearable device maker Fitbit Inc has dismissed auditor PricewaterhouseCoopers LLP after a review of its fees and appointed Grant Thornton LLP, the company said in a regulatory filing on Thursday. The filing states that Fitbit chose not to renew its engagement with PwC […]

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 […]

Ex-KPMG Partner’s Fraud Trial: David Middendorf and Jeffrey Wada GUILTY!

A Manhattan jury on Monday convicted former KPMG partner David Middendorf and former Public Company Accounting Oversight Board staffer Jeffrey Wada for their roles in one of the biggest accounting scandals in recent years. Law360 court reporter Jack Newsham broke the news on Twitter earlier this afternoon: BREAK – Middendorf, Wada convicted on all but […]

KPMG Appeals One-Year Auditing Suspension In Oman, Loses

KPMG couldn’t talk its way out of trouble, as an independent appellate court in Oman recently upheld a securities regulator’s ruling last November that prohibits the firm from taking on any new auditing clients for one year. In a statement on March 3, the Capital Market Authority of the Sultanate of Oman said: “Capital Market […]

PwC Really Wants You to Be a CPA Before Senior But Will No Longer Hassle You About It

Fresh from /r/accounting comes news that PwC Assurance is no longer requiring licensure before promotion to senior which naturally led me to ask my cat who happened to be sitting next to me on the couch “wait, since when do you need a CPA to get promoted to senior to begin with?” I mean manager, […]

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KPMG Poaches Someone From Grant Thornton and Issues a Press Release, Parts I and II

We here at GC HQ love a good poaching, especially when it involves two of the top six firms in the U.S. So we were happy to see this press release from KPMG come across our virtual desk this morning: Mark Rems has joined KPMG LLP, the audit, tax and advisory firm, as a principal […]

Thankfully, PwC’s Robot CODE-E Does Not Want to Destroy the Human Race

Everybody’s favorite technology-talkin’ PwC robot, CODE-E, made an appearance on the show “Windy City Live” in Chicago this morning and WHY DIDN’T I KNOW ABOUT THIS IN ADVANCE, PwC? I would have made the trek into the city to see CODE-E in the flesh … or steel … or aluminum or whatever it’s made out […]

Ex-KPMG Partner’s Fraud Trial: David Middendorf Takes the Stand

Law360 court reporter Jack Newsham wrote on Feb. 28 that it could happen this week, and he was right: Former KPMG partner David Middendorf took the stand this afternoon to testify in his own defense. MIDDENDORF TAKES THE STAND — Jack Newsham (@TheNewsHam) March 4, 2019 Authorities have said that Middendorf and four of his […]

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 […]

Ex-KPMG Partner’s Fraud Trial: What David Middendorf Allegedly Said Once the Scheme Started to Unravel

OK guys, things are starting to get good in the David Middendorf trial. We now know the identity of “Partner-5”—the person at KPMG who allegedly blew the whistle on the information-stealing scheme that five KPMG executives and one Public Company Accounting Oversight Board employee were involved in to help KPMG know ahead of time which […]

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 […]

Ex-KPMG Partner’s Fraud Trial: Brian Sweet Takes the Stand

The trial of ex-KPMG partner David Middendorf keeps rolling along, as prosecutors on Feb. 19 called on one of the major players in the scheme to steal secret audit inspection information from the Public Company Accounting Oversight Board to testify against Middendorf. Brian Sweet, a former associate director at the PCAOB who later became a […]

Legal Experts Think KPMG France Will Likely Get Away With Fidal Lawyer Poaching

Early last week we told you guys about KPMG France recently stealing away 130 lawyers (some reports say 144 or 145 lawyers) away from France’s largest law firm, Fidal, which is threatening to sue the Big 4 firm for “unfair competition.” But legal experts who were interviewed by Law.com say Fidal’s case against KPMG is […]

PwC Italy Partner Is Probably In a Lot of Trouble, You Guys

So, there was this accounting scandal in early 2017 at the Italian unit of British phone company BT, in which nearly two dozen people at BT Global Services, including its CEO, CFO, and head of Europe, knew about inflated revenues, bogus contract renewals and invoices, and made-up supplier transactions to “meet bonus targets and disguise […]

Ex-KPMG Partner’s Fraud Trial: Opening Arguments

A jury heard opening arguments in a Manhattan courtroom on Feb. 12 in the trial of a former high-ranking audit partner at KPMG who was charged with conspiracy and wire fraud for his role in a scheme to cheat the Public Company Accounting Oversight Board inspection process. David Middendorf and co-defendant Jeffrey Wada, a former […]

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 […]

EY Won’t Waive Arbitration Provision for Ex-Partner Who Says She Was Victim of Sexual Harassment

Last September, we reported on a complaint filed with the Equal Employment Opportunity Commission by former EY partner Karen Ward, who accused her former employer of sexual harassment, gender discrimination, and retaliation. A couple of days after filing the complaint, Ward sent an open letter to EY Global Chairman and CEO Mark Weinberger, asking him […]

KPMG France Just Poached 130 Lawyers From a French Law Firm, Which Is Understandably Pissed

In Going Concern’s nine-plus-year history, Caleb and Adrienne have chronicled many, many instances of “competitive poaching” among the Big 4 firms. PwC and KPMG, in particular, have a long history of poaching from one another. But with the Big 4 firms’ legal brands showing huge growth among alternative legal service providers, what is starting to […]

Good News, KPMG: At Least Your Badness of Late Didn’t Rub Off on Phil Mickelson

I know things have been kinda rough lately, Klynveldians. KPMG’s 2016 and 2017 Public Company Accounting Oversight Board inspection reports were brutally bad. The criminal trial starts today for one of your former audit partners who had a prominent role in the PCAOB inspection information-sharing scandal. The firm might lose longtime client General Electric. And […]

Hey Tim Ryan, We Found That Shoe Shine Guy You Wanted to Recruit to PwC

Back in 2015, Caleb wrote an article based on a LinkedIn post by then-PwC Vice Chairman of Stuff Tim Ryan about an exceptional shoe shine guy he met at LaGuardia Airport. In typical holier-than-thou, white-collar fashion, Ryan kicked himself for not giving the guy his card, as he likely dreamed throughout his flight of offering […]

EY Switzerland Managing Partner Accused of Sexual Harassment Has Been Relieved of His Duties

The outside investigation into accusations of sexual harassment at EY Switzerland has been completed, and the accused harasser, a male managing partner who also served as the firm’s chief talent officer, has been shown the door. But according to published reports in Switzerland and confirmed to Going Concern by several sources, the law firm engaged […]

Meddling Inspectors

The PCAOB Needs to Just Beat the Sh*t Out of KPMG Already

Story time. Many, many years ago when my favorite show was the Snorks and my Big Wheel was my only mode of transportation, there was this kid on my block who was a real little shit. He constantly broke everyone’s toys and once ran over my plastic Good Luck Bear with his bike, permanently rendering […]

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EY Felt the Need to Form an Independent Audit Quality Committee

If someone had told you that a Big 4 firm just created an independent committee that will advise the firm on how to improve the quality of its audits, you’d think it was KPMG, right? I mean KPMG partners stole confidential inspection information from a couple of rogue PCAOB employees because the firm’s inspection reports […]

Marcel Stalder Is Out as CEO of EY Switzerland

A couple weeks ago, we got an email from a tipster who told us that EY Switzerland CEO Marcel Stalder was “dead meat” due to the firm’s handling of sexual harassment allegations made against a male managing partner by a former female associate. Well, turns out this person was right; Stalder has stepped down as […]

According to Some List, Big 4 CEOs Are Among the Best ‘Brand Guardians’ in the World

It’s listicle time, you guys. This one comes from an outfit called Brand Finance, which calls itself “the world’s leading independent branded business valuation and strategy consultancy.” At today’s World Economic Forum in Davos, Switzerland, Brand Finance released its Global 500 report, which ranked the world’s 500 most valuable brands. The report also ranked the […]

Garbage

Apparently EY’s ‘Program Mercury’ Is Hot Garbage and Some Folks Are Understandably Upset About It

Being a Tuesday after a holiday (for some of us lucky bastards, anyway) today feels more like a Monday. I’m sure no one except Bramwell has noticed, but I rarely if ever work Mondays unless you count our mandatory conference call in which the GC team tries to figure out how to monetize long strings […]

Carmine Di Sibio

Hey, So We Were Totally Right About That Carmine Di Sibio Thing

Back when Mark Weinberger announced his pending retirement from EY late last year, the tipster who provided us that information included another tidbit: that Carmine Di Sibio would take his place. Of course, spokespeeps at EY would not confirm that part, but we felt comfortable enough with their nervousness over us having that info that we […]

Hey, There Was a PwC Robot Sighting in NYC School

Back in late October, we told you about CODE-E, a robot PwC is bringing to schools to help educators teach students about technology skills and financial literacy. Because no one can teach students how to manage their money better than a non-human, right? Right. Anyway, it looks like CODE-E is starting to make the rounds […]

Driver Admits to Dozing Off In Crash That Killed PwC Senior Associate In India

The man who was driving three PwC employees to work in India on Jan. 9 told police he fell asleep right before the office pool car climbed a median divider and smashed into a lamp post, killing one of his passengers and injuring the other two. According to The Times of India, police have booked […]

Here Is More Proof That EY Switzerland Is a Total Frat House

Well, guys, we learned today that at an EY Switzerland holiday party a few years ago, Santa Claus got an erotic lap dance on stage in front of about 200 people. And the man dressed like jolly ol’ Saint Nick is a partner in the firm’s banking practice, and the woman grinding on his lap […]

Deloitte sign

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 […]

pwc colonial award

PwC Senior Associate In India Killed, Two Colleagues Injured In Rollover Car Crash

Sad news to report out of India, as three PwC employees were injured, one fatally, in a rollover car accident Wednesday morning. The three men were passengers in an office pool car and were on their way to work at PwC’s office in Kolkata, West Bengal, when the vehicle suddenly swerved to the right and […]

Ex-Dallas Cop Who Killed PwC Accountant Botham Jean Comes Out of Hiding

Amber Guyger, the former Dallas police officer who was indicted on a murder charge late last year for fatally shooting PwC Associate Botham Jean in his apartment in early September, appeared at a Dallas County courthouse on Jan. 8, where a judge issued a gag order preventing attorneys from speaking publicly about the case. According […]

KPMG’s Logo May or May Not Give You Heartburn

Is KPMG’s new marketing plan for 2019 to have its people and distinguished guests at conferences devour the firm’s logo? Great morning of education at the Annual KPMG Board Leadership Conference. Plus a fun little treat at lunch. pic.twitter.com/xtthJyFWKr — philipsmith (@PRS2) January 8, 2019   Our cupcake overfloweth…. celebrating our new office space in […]

KPMG IT Advisory Associate Looking for Love on ‘The Bachelor’

I don’t watch reality TV shows. They are dumb. They are contrived. They are overrated. I don’t get why so many people watch them. I would rather watch six hours straight of C-SPAN than watch a six-hour marathon of Say Yes to the Dress. If Caillou and Keeping Up with the Kardashians were the only […]

Reminder: EY Will Be Counting Ballots for This Weekend’s Golden Globes

If you tune in to watch the Golden Globe Awards on Jan. 6 and see three snappily dressed people with silver briefcases handcuffed to their wrists, you’ll know that they are the representatives from EY, which has counted the votes for the awards show since 1973. Why the handcuffs? Caleb had a theory a couple […]

PwC U.K. Drones On and On About Using a Drone for Inventory Count Audit

While you first-years were slaving away doing year-end inventory counts of grain or cakes in an industrial freezer or dildos, PwC U.K. used a drone which captured more than 300 images of a coal reserve in South Wales owned by German energy company, RWE. It was the first time PwC used drone photography to conduct […]

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 […]

Guy at beach

Don’t Expect Your Buddy From PwC to Answer Your Email Anytime Soon

Holidays — more specifically, time off during the holidays — are a sore subject around here. And for good reason. Other than mail carriers, accounting professionals are probably right up there as the folks who are expected to work come rain, shine, or celebration of the birth of baby Jesus. Sure, most people get Christmas […]

KPMG U.K. Employees Are Reportedly Pissed Off About Being Fined for Late Timesheets

A new timesheet policy being rolled out at KPMG U.K. is causing a little ruckus between employees and management. From The Guardian: KPMG has angered UK staff by threatening them with £100 fines if they submit their paperwork late. The accounting company said it would impose the penalties if staff were late to file their […]

Longtime KPMG Client General Electric Looking to Mess Around with Another Audit Firm

109 years. That’s how long KPMG has been General Electric’s auditor. When that engagement started, the rotund William Howard Taft was in the White House, there were 46 states in the U.S., and the start of World War I and Babe Ruth’s professional baseball career were still five years away. But the spark in the […]

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 […]

EY Switzerland Suspends Chief Talent Officer Accused of Sexual Harassment

The chief talent officer at EY Switzerland was suspended by the firm today pending an independent investigation into sexual harassment allegations made by a former EY female associate, who claims the male executive made inappropriate comments about her breasts, made sexual advances toward her, and then bullied her when she rejected him, according to published […]

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 […]

KPMG Reports Global Revenue of $29 Billion for FY 2018

Back in early October, the Going Concern prognostication team (me, Adrienne, and three people eating lunch at Panda Express) predicted that KPMG’s global revenue for fiscal year 2018 would be $28.1 billion. With word today that KPMG reported global revenue of $28.96 billion for the fiscal year that ended on Sept. 30, 2018, we were […]

KPMG Got Down on Its Knees and Begged South Africa for Forgiveness

South Africa, KPMG is sorry. Sorry for doing work for the billionaire Gupta family, who has been accused of using their links to former South Africa president Jacob Zuma to influence government decisions and the awarding of government contracts. Sorry for making severe auditing mistakes that led to the collapse of VBS Mutual Bank, in […]

KPMG, PwC, and EY Also Kicked U.K. Partners to the Curb for Sexual Harassment, Bullying

We learned on Dec. 9 that Deloitte U.K. had fired about 20 partners in the past four years for inappropriate behavior, including sexual harassment and bullying. The Financial Times, which broke the story, had asked the other Big 4 firms in the U.K. if they would disclose similar information. They declined. But KPMG, PwC, and […]

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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 […]

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Oh Hey, We Found the Absolute Worst Partner in All of Public Accounting Right Here

I wasn’t gonna write anything today and I definitely wasn’t going to write up something I found on Reddit, but when I spotted this post on r/accounting, you know I just had to. I’m passionate about two things when it comes to content on this website: cats and creeper dudes who can’t keep it in […]

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 […]

Federal Judge Sides with KPMG in Gender Discrimination Lawsuit

KPMG scored a huge victory in court on Nov. 30, as a New York federal court judge declined to certify a long-running class-action lawsuit by thousands of current and former female KPMG tax and advisory professionals who accused the firm of gender, pay, and promotion discrimination dating back to 2008. While the ruling bars the […]

Carmine Di Sibio

Here’s Everything We Know About EY’s Potential Next Global Chairman and CEO

By now, everyone has heard the news we broke Monday afternoon that Mark Weinberger is noping on up out of his role as EY global chairman and CEO, effective June 30, 2019. We were able to secure an interview with him that we’ll share with y’all soon, but in the meantime, let’s speculate wildly on […]

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Mark Weinberger Is Done Being EY Global Chairman and CEO

Last night we were tipped off about a major announcement happening at EY this week, and we have received official confirmation of said announcement today by the firm: Mark Weinberger is stepping down as global chairman and CEO effective June 30, 2019. EY confirmed what our source told us, that Weinberger told the firm’s leadership […]

Fired Dallas Cop Amber Guyger Indicted on Murder Charge in the Shooting Death of PwC Accountant Botham Jean

A Dallas County grand jury on Nov. 30 indicted former Dallas police officer Amber Guyger on a murder charge for fatally shooting PwC Associate Botham Jean in his apartment in early September. After two days of hearing evidence this week, jurors voted this morning to upgrade the charge Guyger faces from manslaughter to murder. Guyger, 30, […]

Female KPMG Employees Seek Class Status in Gender Discrimination Lawsuit, Detail Alleged Sexual Misconduct at the Firm

There was a new development yesterday in the long-running gender bias lawsuit against KPMG, in which a group of current and former female advisory and tax professionals have accused the firm of gender, pay, and promotion discrimination, as well as condoning sexual harassment. Attorneys representing the plaintiffs filed a motion on Nov. 27 that asked […]

Ignatius Sehoole Takes Over as CEO of the Dumpster Fire That Is KPMG South Africa

KPMG in South Africa has had its problems of late. And the firm believes it has found the man to help fix them. Good luck, Ignatius Sehoole! KPMG South Africa is pleased to announce the appointment of Mr Ignatius Sehoole as Chief Executive Officer. Mr Sehoole is expected to take up this role on 1 […]

Grand Jury Hears Case Against Dallas Cop Who Killed PwC Accountant Botham Jean

Evidence against Amber Guyger, the Dallas police officer who shot and killed PwC Associate Botham Jean in his apartment on Sept. 6, was finally being heard by a Dallas County jury this morning, the Dallas News reported. The Jean family’s attorneys, Lee Merritt and Daryl K. Washington, told reporters on Monday that the family was […]

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, […]

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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 […]