November 14, 2018

Big 4 vs. Second-tier

Is There a Hidden Message in This Interview with Grant Thornton’s Stephen Chipman?

As we've mentioned on several occasions here, when the media profiles Big 4 bigwigs, the revelations are far less interesting than, say, a movie star-governor. If touchy subjects are addressed, they are glossed over fairly quickly to move on to charity work, perseverance, or family life. It's like a heart-warming after-school special. Grant Thornton CEO […]

PwC’s Prestige Will Take a Backseat to No Firm

On Tuesday, Ernst & Young became the third surprise victor in the Vault Accounting 50; the first Big 4 firm to take the honor since the change in methodology for the 2011 list. It's a comeback of sorts for E&Y who has basically been the butt of many, many, many Lehman Brothers jokes. For some […]

KPMG Chairman Michael Andrew Dares You to Imagine a ‘Lazy’ Second-tier Firm Auditing a Global Bank in This Day and Age

“Can you imagine a second-tier firm auditing a global bank at a time when there is already a lack of confidence in the marketplace?” He added: “They simply don’t have the skills or the market expertise.” He also accused some smaller rivals of being “quite lazy” about investing in their businesses. [FT]