July 19, 2018

KPMG v. PwC

HSBC Dumping KPMG for PwC as Auditor

Alright, alright, alright. We knew this was possible. Let's try to keep things civil. HSBC Holdings Plc (HSBA), Europe’s largest bank, appointed PricewaterhouseCoopers LLP as auditor, dropping KPMG LLP after more than two decades. PwC will audit the 2015 fiscal year for the lender, subject to approval from shareholders at the bank’s annual meeting in May, […]

PwC Poaches a KPMG Partner* and Issues a Press Release, Part IX

*By partner, in fact, it's technically a "national leader in Conflict Minerals Center of Excellence" which was a Director role. At least from what I can tell on Greg Szczesny's LinkedIn profile. Anyway, Mr. Szczesny (I'm going with suh-seez-NEE) will be a Managing Director in PwC's Risk Assurance practice focusing on…yes, conflict minerals services. And […]

Accounting Career Moves: When Faced with a Choice, Do You Go with Prestige or Power?

Let's use Luca Maestri’s move from Xerox to Apple as a discussion starter: Apple Inc. (AAPL), the world’s most valuable company, has hired Xerox Corp. (XRX) Chief Financial Officer Luca Maestri as its corporate controller. […] “Moving from Xerox to Apple is a step up, even going from CFO to controller,” John Bright, an analyst […]

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 […]

PwC Will Be Poaching KPMG Myanmar Partners Before You Know It

Exactly one week after the House of Klynveld planted the flag in Myanmar, their chief nemesis has followed suit: Professional services group PricewaterhouseCoopers opened a Myanmar office Tuesday, becoming the second of the Big Four global accountancy firms to set up shop in the long-isolated country since it launched democratic and economic reforms last year. The […]

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

Over the last year or so, we've noticed a tug o' war between KPMG and PwC in the "competitive poaching" arena with PwC doing most of the tugging. Some people might go so far to say that KPMG is the training ground for future PwC starters – a Triple-A for CPAs, if you will. The news of […]

KPMG Sorta Making Up for Losing All Those Partners to PwC By Taking Some of Their Audit Clients

Accounting News Report, using data from Audit Analytics, puts out an Auditor Change Analysis every year and it usually finds its way into our inbox, however, because the analysis is a subscription-based publication (and a pricey one at that), reproducing the whole thing is usually not an option. This year we asked pretty please, and we got […]

Confirmed: PwC Partners In Charge of Tallying Oscar Ballots Have No Connection to KPMG

It's February which means important traditions are observed that include rodents, candy hearts, and of course, football. Handing out Oscars is another February tradition and that includes red carpets, a drunk baked Joan Rivers and, last but not least, PwC auditors in tuxedos. The PwC auditors are usually the butt of recycled jokes what with their average […]

Who Is the Going Concern Accountant of the Year?

Continuing with the theme of, "It's the end of the year so we have to compile posts that remind us of how bad it was," we're offering up nominees for accountant of the year. Now, the term "accountant," for the purposes of this post won't follow strict construction. For example, if you work for an […]

SHOCKING: That Rockin’ PwC Wall Street Journal Ad Cost A Few Benjamins

Happy Friday folks. Hopefully you're reading this from one of three places: 1. Your Couch2. Gate 23 on your way to St. Louis3. The Bar – any bar. But regardless of where you are today, we just know your holiday weekend wouldn't be complete without knowing how much cash money The Powers That Be at […]