June 24, 2018

Big 4

Deloitte’s New Greenhouse Experience Unfortunately Has Nothing to Do With Plants

As a former writer and editor for a national horticulture trade magazine, my interest was piqued when I came across the June 19 press release, “Deloitte Digital Launches New Deloitte Greenhouse Experience for Enterprise Clients.” I thought maybe Deloitte was cultivating a new variety of, say, Chlorophytum comosum (spider plant) with the cultivar name ‘Punit […]

Squar Milner

What Next For the Big 4 in the U.K.? London Is Searching

A drunk, searching on hands and knees under a street lamp, tells the inquiring police, “I’ve lost my keys – over there in the dark alley.” “Then why look here?” they ask, perplexed. “Because the light’s better here.” In the city of London, where the modern audit profession was born in the Victorian era, no […]

EY Remains the Most Audit-y of the Public Company Auditors

Congrats to EY for once again having more public company audit clients than any other Big 4 firm. Of the 6,167 public registrants in the United States, EY audits 921 of them, or 14.9%, according to Audit Analytics’ Who Audits Public Companies – 2018 Edition. PwC is next with 658 public company audits, or 10.7%; […]

big 4 manager

Think You Need to Stay in Big 4 Until Manager? Think Again

One of the most common pieces of advice given to young Big 4 professional is to “Stick around until manager.” The thinking goes, you will experience a number different of clients and situations, as well as give you the coveted title that many employers want to see. Firms suggest staying until manager because there’s always […]

big-4-punishment

U.K. Audit Regulator Encouraged to Slap Big 4 Wrists Slightly Harder

Despite what you might hear, Big 4 audit firms have it pretty easy when it comes to compliance. Yes, there a ton of rules to follow, but in the event that a firm, one (or several) of its partners and employees run afoul of those rules, the consequences range from a mild rebuke to a […]

audit-firms-women-partners

The Number of Female Audit Partners Is Terrible

A new study shows that women are drastically underrepresented as audit firm partners, averaging only around 16 percent for audit partners with U.S. audit clients. In some cities such as Washington, D.C. and San Jose, California, the percentage of female partners was around 10 percent. Yikes. The Big 4 firms performed a little better than […]

Boss-friends-social-media-med

How Should You Handle a Partner’s Facebook Friend Request?

Ding. It’s a friend request. You’re so popular. One problem. It’s from one of your engagement partners. Awkward. Now you have a dilemma. Are you obligated to say yes? Or, maybe, you let it sit in the unanswered request pile for eternity and pretend you never saw it. Weigh the options careful and may the […]

Big 4 Myth Busting: Staying Until Manager

It’s 2017 and the rules have changed. Taco shells are made out of fried chicken skin, the Syracuse mascot can get elected president, and you don’t have to stay to manager in public accounting to maximize your career.

Labeling Big 4 as Systemically Important Would Only Confuse Their Sense of Importance

Way back in 2008, a small hiccup in the United States financial system brought upon by an even smaller hiccup in the U.S. housing market led to the mild threat of the collapse of the world economy.

Big 4 Auditors Are Probably Looking Forward to More Amiable PCAOB

Michael Rapoport reports in the Wall Street Journal on the waning James Doty era at the PCAOB and that he will probably exit with unfinished business: Mr. Doty, chairman of the Public Company Accounting Oversight Board, may only have months left to pursue his wish list, including a change that would require auditors to tell […]