Big 4

PwC Global Chairman Bob Moritz’s Work-From-Home Setup: An iPad, Laptop, No Monitors, Notepads Galore

BoMo took to IG yesterday to show PwCers his work-from-home battlestation, and to be honest, it’s more befitting of a first-year making $55,000 than the global chairman of the second-largest accounting firm in the world. In fact, every person who has recently posted their WFH setup on Reddit has a snazzier workspace than BoMo. To […]

Layoff Watch ’20: KPMG Australia Slashes a Couple Hundred Jobs

First it was KPMG Canada earlier in the week, now Edmund Tadros of the Australian Financial Review is reporting some grim news regarding job cuts at the Australian House of Klynveld: Professional services firm KPMG will cut 200 roles and slash the pay of equity partners by almost 17 per cent in response to the […]

Let’s Count How Many Different Sports You Can Play at PwC Chairman Tim Ryan’s House

We know PwC Chairman Tim Ryan is a workout fiend who loves playing and watching hockey. But judging by a photo he posted on Twitter a couple weeks ago, he and his kids love A LOT of other sports too. Shortly after PwC announced that it was closing its offices and going into work-from-home mode […]

Layoff Watch ’20: KPMG Canada Seems to Be Going On a Pink Slip Frenzy

[Updated with additional information.] We’ve heard from a couple people on Tuesday morning who confirmed what we saw on Reddit last night about layoffs that have occurred at several different KPMG locations in Canada. Unconfirmed reports put the number of layoffs at around 200 throughout the country. Here’s one message we got on the tipline […]

Three Out of Four Big 4 Firms Have Pledged to Honor New Hire Offers For 2020 Grads

While everyone is trying to balance staying healthy with having something to wipe your ass with these days, one big concern we’ve been seeing is whether or not accounting grads should count on their existing offer letters or consider printing out those recruiter emails to use as TP. It’s a valid concern, no one knows […]

Let’s See How the Big 4 Firms In India Are Faring During the COVID-19 Pandemic

[Updated with additional information.] This GIF from Mad Men pretty much says it all, but things could be worse. To our knowledge, there haven’t been any pandemic-related layoffs … yet … at any of the Big 4 firms in India. I kinda buried this in the article we posted last week on accountants’ layoff predictions […]

KPMG U.K. Chairman Diagnosed with COVID-19

The Financial Times reported this afternoon that Bill Michael, chairman of the Queen’s KPMG, has tested positive for COVID-19 and has been hospitalized. Mr Michael, who took over the Big Four accounting and advisory firm in 2017, has been in hospital for one week after becoming unwell but was only diagnosed with the Covid-19 virus […]

KPMG CEO Lynne Doughtie Assures Employees No Layoffs Are Coming

We got a tip this morning which we were able to confirm with two other sources that in an internal firm video we think was sent to employees last night, KPMG CEO Lynne Doughtie said protecting KPMGers during the crisis caused by the COVID-19 outbreak was her first priority and that layoffs would be an […]

EisnerAmper Poaches Someone From KPMG and Issues a Press Release, Part I

News of new hires in public accounting has pretty much dried up since the COVID-19 outbreak in the U.S. led to many firms turning off the lights and going into work-from-home mode for the foreseeable future. Earlier this week we posted about KPMG recently hiring 10 senior tax professionals, including three from EY and two […]

Bonus Watch ’20: EY Employees Aren’t Getting Performance-Based Bonuses, But Their Jobs Are Safe For Now

Checked in with two sources this afternoon who confirmed what I saw posted on Fishbowl yesterday: no performance-based bonuses at EY this fiscal year, but that decision was made in order to prevent layoffs during the COVID-19 pandemic. One source told me: That’s what we heard on the webcast yesterday. I think everyone appreciated that […]

KPMG Poaches Someone From PwC and Issues a Press Release, Parts II and III

Back about seven or eight years ago, there was no bigger rivalry among the Big 4 than PwC vs. KPMG. The House of Klynveld was constantly trying to steal P. Dubs’ audit clients and KPMG pretty much became PwC’s personal farm system for partners and directors. Between 2011 and 2013, there were at least nine […]

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Death of PwC Indonesia Staffer Marks Possible First Big 4 Coronavirus Casualty

Sad news out of Indonesia, as a member of the PwC family has seemingly lost his battle with coronavirus. This is the first suspected COVID-19-related death we are aware of involving an employee of a Big 4 firm. PwC Indonesia Territory Senior Partner Irhoan Tanudiredja released a statement in which the staffer is not named; […]

KPMG Poaches Someone From EY and Issues a Press Release, Parts I, II, and III

With nearly all of the top public accounting firms in the U.S. closing their offices and sending their staffs home to work for the time being because of the COVID-19 pandemic, hiring has pretty much come to a standstill. But over the course of a few months before all of this happened, KPMG hired a […]

Another EY Employee In the U.S. Has Come Down with Coronavirus

According to an internal email sent yesterday to EY employees in the Washington, DC area, there’s been another confirmed case of COVID-19 among the firm’s ranks, this time in Virginia. A tipster passed along the email to us, which was sent by Richard Jeanneret, Americas vice chair and US-East region managing partner, and Kevin Virostek, […]

Whaddaya Know, KPMG Is Going Full-On Work From Home Too

Honestly, I didn’t think we’d get an announcement until later this morning from KPMG about going mandatory work from home due to the COVID-19 outbreak in the U.S. But at around 10:45 p.m. CT Monday night, this message came in through the tipline: Kpmg has announced mandatory work from home starting 3/18 They r shutting […]

Deloitte CEO Eventually Sent Out the Mandatory Work-From-Home Email

First it was EY, then it was PwC, now Deloitte has told its U.S. staff not to bother coming to the office for a while because of the COVID-19 pandemic. But unlike EY and PwC, which will be full-on remote work beginning tomorrow, Green Dotters will have to wait until Wednesday. Thanks to a tipster, […]

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EY, PwC Jumping On the Mandatory Work-From-Home Bandwagon Due to COVID-19

Thanks to a tipster, here’s the email EY U.S. Chair Kelly Grier sent to all EYers Sunday evening regarding where they’ll be working for the foreseeable future: I’m reaching out this evening to express my recognition and concern for the evolving situation involving COVID-19 and the complexity and uncertainty it’s causing across our daily lives. […]

COVID-19 Is In EY NYC Offices

From the tipline (thanks, tipster!) we have this email that went out to EY staff this afternoon. Last we heard there was a KPMG employee affected in Northern Virginia who visited EY offices but this is new. Dear all Tri-state EY people, There has been a confirmed case of coronavirus (COVID-19) with an EY employee […]

Apparently, PwC NYC Staffer Is a COVID-19 Victim

According to a post on r/accounting, PwC closed its two offices in New York City this weekend after a NYC employee tested positive for the coronavirus. Covid19 case at pwc NYC office from Accounting Also, posts on Reddit and Fishbowl have indicated other cases of COVID-19 in Big 4 U.S. offices, which we haven’t confirmed […]

EY UK Selects Old White Guy to Succeed Another Old White Guy As MP

The Financial Times is reporting today that former head of audit Hywel Ball is EY UK’s new managing partner “despite widespread speculation that it would be the first of the Big Four accounting firms to appoint a female leader.” That’ll teach y’all to speculate. Ball, a 35-year veteran of EY, beat out chief operating officer […]

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

So around 12:30 this morning, as I checked BDO Canada’s website for any kind of update on the BDO employee in Toronto who has COVID-19, I noticed that the firm recently hired a new assurance partner for its office in Halifax, Nova Scotia. Her name is Erica McCurdy, and she left Deloitte Canada to join […]

Ex-Deloitte Global CEO Jim Quigley Has Plenty of Time Now to Chill In the Galápagos

It’s been quite a while since former Deloitte Global CEO Jim Quigley graced the hallowed pages of Going Concern, not since 2015 when Quigs was quoted in the Wall Street Journal for saying how much he absolutely loves being on an audit committee. Let’s refresh your memory: Some directors remain unfazed by the heavy workload […]

CohnReznick Poaches Someone From PwC and Issues a Press Release, Part I

Another week, another non-Big 4 firm letting the media know that it just hired someone from the Big 4. This time, CohnReznick was the poacher, and once again, PwC was the poachee: CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today [March 3] announced that Michael Staub has joined […]

Deloitte Philippines Confirms Case of COVID-19

Another Deloitte employee has tested positive for coronavirus, this time in the Philippines, the firm said on Saturday. Deloitte released this statement earlier today: We can confirm that a colleague in our Deloitte Philippines office has tested positive for COVID-19. The colleague is currently in hospital receiving treatment and further tests, and Deloitte is supporting the […]

Former Deloitte CEO Disses Men and Their Spreadsheets

Does Cathy Engelbert have a point here, ladies? As the first female CEO of a major professional services firm, Cathy Engelbert learned a valuable lesson: Never trust a spreadsheet made by men. “No spreadsheet ever yielded a great result for women,” says Engelbert, who recently became commissioner of the WNBA after a 33-year career at […]

This PwC Napping Pod Is the Dumbest Thing We’ve Seen Since Gary Spivey’s Hair

Anyone see the resemblance? View this post on Instagram #WellnessWednesday: Have you stepped away today to unwind + recharge? We recommend a #powernap in a #teampwc EnergyPod. 😴 #bewellworkwell #healthyhabits #wellnessatwork #workwellness #bewell #workwell A post shared by Life at PwC (@lifeatpwc) on Mar 4, 2020 at 1:23pm PST

Rumor of the Day: Some KPMG Auditors Are Getting a Break From Clients Because of Coronavirus Panic

So, some audit clients have allegedly told KPMG auditors not to come to their offices because of coronavirus concerns, according to a post on Fishbowl. We don’t know if these KPMG audit clients legitimately have COVID-19 concerns or, as one Fishbowl poster says, they just want the auditors off their backs for a bit. Anyway, […]

EY Madrid Confirms Employee Has Tested Positive for COVID-19

Another Big 4 firm has confirmed a case of coronavirus among its ranks. This time, an employee at EY in Madrid has tested positive for COVID-19, according to Reuters. An EY spokesperson told Reuters earlier today that the firm sent approximately 3,000 employees from its offices in Madrid home to work: “There’s one person who […]

The Olds vs. PwC: $11.625 Million Settlement Reached In Age Discrimination Case

A lawsuit filed almost four years ago by two accountants who claimed that the hiring policies at PwC discriminate against applicants over the age of 40 from landing entry-level positions at the firm is finally coming to an end. And the Olds got PwC to settle. Law.com reported today: PricewaterhouseCoopers has agreed to pay $11.625 […]

Deloitte U.K. CEO Says Employee Has Coronavirus

In an email to staff on March 3, Deloitte U.K. CEO Richard Houston said one of the firm’s London employees who recently vacationed in Asia has been hospitalized after testing positive for coronavirus, the Financial Times reported. Deloitte said it was “deep cleaning” one floor of its offices in London but hadn’t quarantined its New […]

KPMG Selects Paul Knopp to Succeed Lynne Doughtie as U.S. Chairman and CEO

KPMG announced this afternoon that Paul Knopp will become the new U.S. chairman and CEO and Laura Newinski the new deputy chair of the firm on July 1. Both will serve five-year terms. KPMG partners gave their blessing to the promotions in a vote completed yesterday. Knopp and Newinski seem pretty happy with the outcome […]

KPMG U.K. Won’t Have to Deal with Deal Advisory Partner Anymore

The whole Sanjay Thakkar bullying saga at KPMG U.K. has mercifully come to an end. The Financial Times reported on Feb. 28: One of KPMG’s most senior partners who was at the centre of a bullying dispute has left the firm eight months after widespread scrutiny of his conduct that led to a crackdown on […]

Honkamp Krueger Poaches Someone From PwC and Issues a Press Release, Part I

Being raked through the coals for the last 48-plus hours on Reddit after an ex-PwC auditor in New York posted that their ass was grabbed at a 2017 holiday party by a colleague who was later promoted, even after an internal firm investigation into the alleged victim’s sexual harassment claim found the ass grabber was […]

Rant of the Day: Partners and Their F*cking Stupid Sandwich Choices

Looks like we’re reaching that time of year when tensions are just high enough for the small stuff to send some accountants raging but not quite to the point that people are having nervous breakdowns. The busy season sweet spot, basically. Today’s rant comes courtesy of Fishbowl. Forgive my copious notifications, I know some people […]

The Fortune 100 Best Companies to Work For: Deloitte #45 (2020)

Bringing up the rear among the Big 4 in the 2020 Fortune 100 Best Companies to Work For list is Deloitte, the largest public accounting firm in the U.S. in terms of number of employees and revenue. But while we’re talking about Deloitte and “largest,” the Green Dot had the largest drop in the ranking […]

Ex-EY CEO Mark Weinberger Is Keeping His Plate Full

While perusing the interwebs last night, I saw that our favorite Kenny Powers lookalike, former EY Global Chairman and CEO Mark Weinberger, has a new gig. MW was appointed as a senior advisor for Los Angeles-based Stone Canyon Industries Holdings LLC, which owns several rail transportation companies as well as packaged ice maker Reddy Ice. […]

The Fortune 100 Best Companies to Work For: PwC #36 (2020)

Welcome back to our recap of the six public accounting firms that made the 2020 Fortune 100 Best Companies to Work For list. Last week we featured Plante Moran (#21), EY (#25), and KPMG (#32). We’ve got three more to give you this week, starting with a firm best known recently for its red pillows, […]

The Fortune 100 Best Companies to Work For: KPMG #32 (2020)

First off, congrats to KPMG for actually beating Deloitte and PwC at something. And congrats, Klynveldians, for your favorite firm moving up four spots from last year’s Fortune 100 Best Companies to Work For list. KPMG celebrated KPMG by putting out this over-the-top KPMG video on social media: Our ongoing commitment to our #culture, strong […]

Rumor of the Day: PwC No Longer Pays Out a $20K Elijah Watt Sells Award Bonus

I mean, it’s on Reddit so it must be true. Let’s take a look. Seen talk of this within the last half year and thought I should make a thread to let people know. You can still get a CPA pass bonus of 6k (or 5k, apparently it depends on line of service), but they […]

Sometimes Life at Deloitte Includes Learning How to Bend Over Backwards for Clients

Or learning how to contort your body like a pretzel for clients? Or how to breakdance for clients? I’m not quite sure what’s going on here. But supposedly there’s some talent involved. View this post on Instagram T-1 Hour to the Rosslyn Office Culture Talent Show! This year’s talents include singing duos to guitars to […]

The Fortune 100 Best Companies to Work For: EY #25 (2020)

I’ll admit I was a little surprised to see EY as the highest-ranked Big 4 firm on this year’s Fortune 100 Best Companies to Work For list. It’s been a while since the last time that happened—2010, when EY was #44. It’s unlikely possible to have a long and distinguished career at EY, as we […]

Arthur Andersen & Co.

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

Oh look, Andersen hired someone from a Big 4 firm who didn’t work for Arthur Andersen earlier in their career, unlike this guy. Andersen welcomes Edward Schulte as a Managing Director in the San Francisco office as part of the Alternative Investment Funds (AIF) practice. Edward has 18 years of experience in public accounting and specializes in […]

Gray, Gray & Gray Poaches Someone From EY and Issues a Press Release, Part I

Bryan Pearce spent 38 years at EY. That’s an eternity in public accounting, let alone a 38-year career with only one firm in public accounting. Think about it: Ronald freakin’ Reagan was in the Oval Office when Pearce joined the Black and Yellow. During his time with EY, Pearce was most well-known for being the […]

Plante Moran Poaches Someone From KPMG and Issues a Press Release, Part I

Who knew KPMG would become a factory for cranking out future accounting firm chief marketing officers? Earlier this week we told you guys about Dixon Hughes Goodman recently hiring ex-KPMGer Danielle Cimato as its new CMO. And then yesterday, Plante Moran announced that former Klynveldian Marten van Pelt was hired to succeed partner Jeff Antaya […]

Which Audit Firm Got Fired the Most In Q4 2019?

It wasn’t a stellar fourth quarter of 2019 for the Big 4 in terms of winning new public company audit clients, according to Accounting Today’s most recent report on the newest data crunched by Audit Analytics. Deloitte and EY brought on four and three new SEC-registered audit clients, respectively, in Q4, but Deloitte also lost […]

Life at KPMG Will Consume Your Mind, Body, Soul, and Stomach

Is this what y’all at KPMG are being fed during these long busy season days/nights? If so, I’m sorry. View this post on Instagram We hope this isn’t too cheesy but we hope you have a slice on National Pizza Day! 💙🍕 A post shared by KPMG U.S. Careers (@kpmg_us_careers) on Feb 9, 2020 at […]

Life at PwC Involves Again Not Giving ‘La La Land’ the Oscar For Best Picture

I know I’m a day late and a dollar short, but I just wanted to congratulate PwC for not screwing up an Academy Awards show for the third straight year. People seem to have lost interest in the PwC accountants at the Oscars since the debacle on Feb. 26, 2017, the night Tim Ryan was […]

DHG Poaches Someone From KPMG and Issues a Press Release, Part II

You gotta hand it to Dixon Hughes Goodman. I don’t know what they’re offering—decent compensation packages, a big enough commitment to work-life balance that it moves people to tears, a perk better than Omaha Steaks—but they sure have been landing a lot of ex-Big 4 lately, including former KPMGers. While it’s not a glitzy hire […]

Lawsuit: Mattel Shareholders Are Holding PwC’s Feet to the Fire

Once the Wall Street Journal broke the story last November that Mattel’s finance team and PwC auditors reportedly buried an accounting error that affected the toy giant’s financial results toward the end of 2017, you knew there would be some fallout. First, Bloomberg followed the WSJ report by writing that the PCAOB would be investigating […]

(UPDATE) Auditor Swap: Bubble Popped On EY’s Engagement with Sealed Air Corp.

Editor’s note: This article was originally published on Aug. 15, 2019. Update is at the bottom of this article. Bubble Wrap maker Sealed Air Corp. disclosed in a securities filing earlier this week that it dumped EY as its external auditor and hired PwC, the Wall Street Journal reported yesterday. Now, EY losing an audit […]

Cherry Bekaert Poaches Someone From PwC and Issues a Press Release, Part I

Another PwCer is on the move, as a former tax director in personal financial services has been hired to make it rain at Cherry Bekaert. Growth-focused and nationally acclaimed public accounting firm Cherry Bekaert LLP is proud to welcome Michael B. Vidal, CPA, JD, as a Tax Partner based in Cherry Bekaert’s South Florida practice. As […]

Marcum Poaches Someone From EY and Issues a Press Release, Part I

In my mind, Gary Sturisky walked out of EY’s office in Miami, put all of his “Building a Better Working World” swag in a dumpster, stuck out his thumb, and was picked up by a Marcum bus, which drove him to the firm’s office in Fort Lauderdale where he worked happily ever after. Now that […]

Life as a Super Bowl Winner Is Probably Much Better Than Life at PwC

I’m just spitballin’ here, but I don’t think Kansas City Chiefs starting defensive end Tanoh Kpassagnon is regretting his decision to pursue a career in the NFL than a career in public accounting. The 6-foot-7, 289-pound Kpassagnon had two tackles in the Chiefs 31-20 victory over the San Francisco 49ers in Super Bowl LIV on […]

Here’s a Cringeworthy Coopers & Lybrand Super Bowl Ad From 1993

Super Bowl ads usually fall into one of five categories: ones that make you laugh, ones that get you in the feels, ones that elicit no feelings whatsoever, ones that make you think, and ones that make you cringe. (We’re looking at you, Intuit.) This ad from Coopers & Lybrand (one of PwC’s parental units), […]

Deloitte U.K. Screw-Up Results In £1 Million Fine From the ICAEW

A Big 4 firm was fined by a regulator across the pond today, and for once, it wasn’t because of its lack of auditing prowess. BUT! It did involve running afoul of independence rules. The Financial Times reported: The administrators to collapsed electricals retailer Comet Group have been handed a record UK insolvency fine of […]

EY U.K. Has a ‘Waffles or Pancakes’ Decision to Make Soon

Unlike their American counterparts, none of the Queen’s Big 4 firms have ever had a woman in charge. It’s not going to happen anytime soon at PwC, as partners just re-elected Kevin Ellis for a second four-year term as chairman and senior partner. Richard Houston took over as Deloitte North West Europe and U.K. senior partner […]

Aprio Poaches Someone From KPMG and Issues a Press Release, Part I

When your accounting firm is hovering around the 50th largest in the U.S. and you lure someone away from a Big 4 firm like KPMG, not only will you get a write-up in Going Concern but that news might be big enough to be featured in a local business publication. That’s what happened recently when […]

Life at Deloitte Sometimes Involves Drawing Overworked Superheroes

So let me get this straight: The ideal “Super Leader” is a woman who has bloodshot eyes, probably because she barely got four hours of sleep last night due to either being an auditor or a tax professional at Deloitte during busy season. Got it. View this post on Instagram Welcome back to day 2 […]

Former EY Employee Is Coping with the Loss of a Large Vacation Carryover Payout

A couple of weeks ago, on the same day Adrienne was writing her post based on a tip we received about a CPA exam taker’s missing FAR score, another tip came through the inbox: My Big 4 firm is screwing me out of a hefty vacation carryover payout. I submitted my resignation 12/26, it was […]

Donald Trump Is Apparently the New Head of Recruiting at EY

Sorry, Dan Black. Looks like you’re out of a job. “When I talked to him, we talked about, frankly, talent and how do we retain more talent in the U.S., in particular talent that goes to top schools and so forth. He was very much in favor of retaining that talent in the U.S. so […]

Playing Candy Crush Is More Interesting Than Life at Deloitte

Dude in the back can’t put his phone down because he’s on Level 971, you guys. View this post on Instagram Official kick-off for the program by Deloitte Leaders Jon Guerena (RISE Program Sponsor & Dean), Haissam Issa (National Managing Principal- CBO) and Kwasi Mitchell (Chief Inclusion Officer) sharing the firms vision for future. Everyone […]

Just How Important Is Which Big 4 Firm You Work For Anyway?

There’s a lively discussion going down on Reddit this morning over this article I’m about to share with you, and I’d recommend checking out the thread if you love to bear witness to semi-anonymous spats about hiring practices on the internet. But we’re not here to talk about that, we’re here to talk about the […]

PKF O’Connor Davies Poaches Someone From EY and Issues a Press Release, Part I

If public accounting had a transactions wire, much like you see for Major League Baseball, it might look something like this for PKF O’Connor Davies’ newest transaction advisory services (TAS) partner: PKF O’Connor Davies acquired Andrew Suh from Ernst & Young for a CPA to be named later. OK, trades don’t happen among public accounting […]

Big 4 CEOs Crash Davos’ Economic Party

The 2020 World Economic Forum annual meeting kicked off today in Davos, Switzerland, and all of our favorite Big 4 ringleaders from PwC, Deloitte, EY, and KPMG are there and accounted for: BoMo, T-Ry, Punit, Carmine, Kelly, and Lynne. We got the obligatory scenic Swiss Alps shots: Excited to be at #WEF20 again and already […]

KPMG Poaches Someone From Deloitte and Issues a Press Release, Part II

Let’s start this week with a little Big 4-on-Big 4 poaching action, shall we? Yes, we shall. And once again, KPMG is raiding its Green Dot rivals. Joseph Fisher is the latest Big 4 partner to switch his colors from green to blue, leaving Deloitte & Touche’s Investment Management Audit & Assurance practice, which he […]

SEC Takes Away Privileges From Another Felon In KPMG/PCAOB Scandal

David Middendorf’s trial buddy, Jeffrey Wada, the now-former PCAOB inspections leader who fed confidential information about upcoming audit inspections to some folks at KPMG, including Middendorf, in the hopes of landing a job at the Big 4 firm, is now prohibited from appearing or practicing before the Securities and Exchange Commission as an accountant. Wada’s […]

Scott and Company Poaches Someone From EY and Issues a Press Release, Part I

I don’t have any evidence to back up this assertion, but I’m not going to let facts get in the way of what I’m about to write: It’s fairly uncommon for a Big 4 CPA’s next landing spot to be an accounting firm outside of the top 400 in the U.S. But that’s what happened […]

Kamp KPMG’s Head Counselor Is Running the Winter Interns Ragged

Lynne Doughtie is building up the KPMG recruits’ stamina for those marathon, 16-hour days during busy season. View this post on Instagram When you’re an intern who just started and the Chairman and CEO joins you for a morning run!! Proof we really live and believe in our core value, #Together. #kpmgfamily #leadership #KPMGLakehouse #kpmgnit […]

Convicted Ex-KPMG Partner David Middendorf Suspended By the SEC

Another “KPMG 5” executive who will be serving prison time for his role in a scheme to steal confidential audit inspection lists from the PCAOB was suspended today from appearing or practicing before the Securities and Exchange Commission as an accountant. The SEC released the following two-page order of suspension against David Middendorf, former national […]

Which Firm Had the Most IPO Audit Clients In Q4 2019?

Our friends at Audit Analytics just released their analysis of the initial public offering auditor market share for the fourth quarter of 2019. But before we look at Q4’s results, let’s quickly review the previous three quarters’ IPO audit engagement leaders: Q1: Marcum 8 ($896 million raised) Q2: Deloitte 17 ($7.87 billion raised) Q3: EY […]

Guess Which Big 4 Firm Was Named Official Professional Services Provider of the WNBA?

Was there any doubt it wouldn’t be Deloitte? I mean, look who the WNBA commissioner is. What I find odd is that Cathy Engelbert’s name is nowhere to be found in this press release, which looks like it came from GreenDotville (via PR Newswire): Deloitte and the Women’s National Basketball Association today [Jan. 14] announced […]

Sometimes Life at PwC Involves Bad Improvisation

I don’t think we’ll be seeing Sarah and Rod on Who’s Line Is It Anyway? anytime soon. View this post on Instagram In our digital world, learning from human mistakes can result in big opportunities. This episode features Digital Talent Leader @smceneaney & Talent Acquisition Leader @rodadams9 using improv to share why it’s important to […]

Listicle of the Day: Big 4 Bliss?

Each Big 4 firm has unhappy employees. But if you work at Deloitte, EY, and PwC, you must not be as miserable as those lost souls who work at KPMG, according to CareerBliss’s 2020 ranking of the 50 happiest companies in the U.S. The career and recruiting website used 10 factors—including culture, leadership, work atmosphere, […]

(UPDATE) EY Accountant Tina Frost to Undergo Another Surgery to Repair Eyelid

Tina Frost (right) pictured with her mother, Mary Watson Moreland. UPDATE: Team Tina posted this message on Jan. 7 regarding EY accountant Tina Frost’s most recent surgery last Friday: Hi everyone, We want to thank everyone for all your thoughts, good wishes and prayers and to let you know that Tina walked out of the […]

Moss Adams Poaches Someone From PwC and Issues a Press Release, Part I

Nothing new to report on the recent data breach at Moss Adams, but here’s some MA news we missed last month during our holiday lull: They got a guy from PwC. Jason Emmons is now a partner at Moss Adams, and according to his LinkedIn profile, he’s been providing services to customers in a professional […]

Fired Deloitte Switzerland Partner Owes Deloitte Some Money After Defeat In Court

David Joseph might be regretting taking Deloitte to court over his firing. The Financial Times reported yesterday: A high-profile banking consultant sacked by Deloitte over alleged bullying and large expenses claims has been ordered to pay £125,000 to the Big Four accounting firm. David Joseph, who was among the highest fee-earners at Deloitte Switzerland, was […]

What Do You Guys Think of the KPMG Lakehouse Logo?

I don’t know about you but I’m pretty sure I’ve seen Kamp KPMG’s logo on a park district aquatic center or on some flood safety brochure. View this post on Instagram Introducing KPMG's BRAND NEW learning, development and innovation center, Lakehouse! Join us for National Intern Training as we explore our new digs! #KPMGLakehouse #KPMGNIT […]

Former PwC Global Chairman Dennis Nally Has Got Himself a New Gig

It seems to be a right of passage for former Big 4 chairmen and CEOs to eventually end up on a public company’s board of directors. We saw two such instances last year: After Mark Weinberger retired from EY, he joined the board of MetLife. And former Deloitte CEO and current WNBA commissioner Cathy Engelbert […]

ernst young equifax

Let’s Speculate Wildly About What ‘Threats’ Got This Guy Banned From EY Offices

According to Reddit, New York and New Jersey EY offices have been advised to rat this dude out if he has the balls to show his face around those parts. So what do we think he did? GO.

EY Is Bringing Its Shiny Silver Briefcases, Handcuffs to the Golden Globes This Weekend

Here’s your annual reminder from EY that it has tabulated the ballots for the Golden Globe Awards since Hector was a pup. #GoldenGlobes https://t.co/r2Cy7WOhII pic.twitter.com/FDsVTOn40l — EY US (@EY_US) December 30, 2019 Related articles: EY Counts the Votes for the Golden Globes, You Guys EY Auditors Were Seen At Another Awards Show In Handcuffs

Kamp KPMG Puts Out a Welcome Mat

Konstruction on KPMG Lakehouse is finally komplete, and the first group of kampers will descend upon the Orlando community of Lake Nona, FL, next week. New York-based Big Four auditing firm KPMG LLP will bring its first round of “learners” to the $450 million, 780,000-square-foot KPMG Lakehouse in Lake Nona starting on Jan. 6, company […]

Even During Holiday Time Off, PwC Partner Can’t Take a Break From PwC

Work seems to follow Bhushan Sethi, partner and joint global leader of PwC’s People & Organization practice, everywhere he goes, even to Santiago, Chile for a holiday family vacation. Arrived in Santiago for family vacation and one of the first things we see coming out of the airport is not the Andes but….#teampwc #pwctakesabreak pic.twitter.com/nsEtZMUZeJ […]

Whitley Penn Poaches Someone From KPMG and Issues a Press Release, Part I

As 2019 winds down, we’d be remiss not to tell you guys that another KPMGer has recently left the House of Klynveld for the greener pastures of an accounting firm outside of the top 25. Earlier this month it was David Roberts leaving KPMG for Mauldin & Jenkins. Now we have Michael Pham who left […]

Accountants Behaving Badly: Deloitte Malaysia Partner Fined, Guilty Plea In $1.2M Scam, Jailed for Xmas

Plus, several tax preparers have run afoul of the law. SC fines Deloitte’s partner for non-compliance [The Malaysian Reserve] Huang Khean Yeong, a partner at Deloitte PLT, was fined RM63,000 by the Securities Commission Malaysia’s Audit Oversight Board on Dec. 26 for failing to comply with the international standards on auditing when performing an audit of […]

See If You Can Stomach Watching All Six Minutes of This Horrible KPMG Denmark Video

Honestly Adrienne bailed out after watching only a minute and I tapped out after watching about three minutes of this KPMG Denmark video. So if you made it through the entire six minutes, congrats! You have more mental fortitude than we do.

Move Over @MickelsonHat, a PwC Pillow Is Taking the Social Media World By Storm

Meh, not really. In fact @pwcpillow on Instagram is kinda lame. No crazy hijinks like setting fire to a blue Phil KPMG hat or pranking PwC’s favorite robot buddy, CODE-E. But I thought this was a little amusing: View this post on Instagram This is NOT ok, why isn't this little kitty helping me?? #pwcpillow […]

Accountants Behaving Badly: Discrimination at EY U.K., Jail For Cancer Center Embezzler, Client Scammer Gets Prison Time

Plus, ex-accountant for city of Dunbar, WV, gets one year in prison for embezzlement, and former Suzuki accountant faces a seven-year jail sentence for stealing $1.8 million. EY deals partners accused of bullying and discrimination [Financial Times] Current and former staff in the Transaction Advisory Services team at EY U.K. described a culture they claimed […]

FAF Did Not Pick You to Be FASB’s Next Chairman

Unless your name is Richard Jones and you’re chief accountant and partner at EY, then the Financial Accounting Foundation did pick you, congratulations. Jones will succeed nice neighborhood dad Russell Golden as FASB chairman after Golden’s term ends on June 30. Golden, a former Deloitte partner, has sat in FASB’s big chair since July 1, […]

PwC and BDO Hong Kong Affiliates Got Their Hands Slapped by the PCAOB

As we begin to take a look back at the year that was 2019, one of the weird things public accounting firms were disciplined for this year by the PCAOB was for not disclosing that they’ve been the focus of a non-PCAOB disciplinary hearing. According to PCAOB Rule 2203, if a firm is a defendant […]

Deloitte Is Finally Finished with That Whole Aequitas Investors Lawsuit Thing

That’s because the $234.6 million settlement Deloitte, EisnerAmper, and five other companies reached with investors of the now-defunct Oregon investment company Aequitas last July was approved in Oregon federal court on Dec. 16. According to Law360, the judge also approved nearly $58 million in attorneys fees and costs. Deloitte, EisnerAmper, law firm Sidley Austin, securities […]

‘Big R’ Restatements Are Quite the Thing For PwC Audit Clients

All the Tesla haters are having a field day with this on Twitter. The Wall Street Journal reported today: [PwC] has had a streak of accounting problems surface recently at U.S. companies it audits, including an uptick in high-profile restatements. Its clients account for three of the five biggest restatements so far this year, measured […]

Oh No, KPMG U.K. Senior Executives Might Not Be Able to Afford Christmas This Year

I’m sure all you KPMG U.K. grunts are heartbroken over this news: After all that’s gone wrong at KPMG over the past year, its UK leadership probably didn’t expect big bonuses. Still, after the hard graft of trying to engineer a turnround, a £6m pay cut is going to hurt nonetheless. The 25 senior managers […]

Baker Newman Noyes Poaches Someone From EY and Issues a Press Release, Part I

Baker Newman Noyes must have been a good little accounting firm this year because instead of candy canes, Reese’s Peanut Butter Cup Miniatures, or WWE wrestling action figures in its stocking, Santa got the firm a new principal for its audit practice from EY. As a principal in the audit practice, Drew Nagus helps clients […]

KPMG Is the Cockroach of the Big 4

“KPMG is obviously such a vast business that it could probably survive nuclear war.” — Daniel Sutherland, a partner at the U.K. business law firm Fox Williams, when asked if a large decline in profits and recent layoffs at KPMG U.K. will eventually lead to an existential crisis.

Let’s Kongratulate KPMG For Getting *This* Close to $30 Billion of Global Revenue In 2019

Coming off the heels of a better-than-expected 2019 financial year at its U.K. firm (revenues, anyway), puffy-chested KPMG announced today that its global revenue increased 6.2% in local currency terms (or 2.7% using actual mathematics) for the year ended Sept. 30. The three other Big 4 firms posted global revenue of at least $30 billion […]

Mauldin & Jenkins Poaches Someone From KPMG and Issues a Press Release, Part I

Last night me and my wife watched an episode of the Netflix series The Toys That Made Us about professional wrestling figures and how popular those toys were in the 1980s and ’90s. In that episode, it talked about Vince McMahon committing the ultimate sin when he took over the World Wrestling Federation from his […]

KPMG U.K. Shocks the World by Having Somewhat Decent Revenue In 2019

When reports from across the pond started surfacing in September about the cost-cutting frenzy (you know, Project Zebra) going on at KPMG, accounting blabbermouths (like us) were salivating at the thought of how bad the firm’s 2019 revenue would be when the numbers were released in December. Well, that day has finally come, and believe […]

Judge and Ex-Deloitte Switzerland Partner Weren’t on the Same Page Apparently

Remember that lawsuit we told you about last week filed by a now-former Deloitte Switzerland partner who thought he was wronged by the Big 4 firm for breaching his partnership contract and being labeled as manipulative, toxic, and a bully? Well, it’s already over. Judge Philippa Whipple said in a London High Court ruling on […]

Ex-Deloitte CEO to Get Free Big Macs For Life

OK, we don’t know if that’s actually true, or if Cathy Engelbert even likes McDonald’s signature “two all-beef patties, special sauce, lettuce, cheese, pickles, onions on a sesame seed bun” sandwich, but the former Deloitte CEO and current commissioner of the WNBA is the newest director on Mickey D’s board. The Golden Arches announced today: […]

PwC Would Appreciate It If Staff Would Stop Getting Drunk In the Office, Thx

In a former office of mine that shall remain nameless, we had a liquor cabinet. Working long hours, it wasn’t unheard of for my colleague and me to pour ourselves a drink at 5 on the dot, sipping vodka Red Bull as we tied up the day’s tasks. The arrangement worked well as we got […]