Deloitte

Auditor Swap: General Electric and KPMG Officially Call It Quits

A love affair that spanned more than 110 years is coming to an end. General Electric announced today that it and KPMG are going their separate ways after this year. And GE’s new external auditing paramour is Deloitte. Here’s the statement GE released on Monday morning: GE (NYSE:GE) announced today that, following a thorough and […]

Deloitte Is Already Bragging About How Great Its Global Revenues Are For FY 2020

PwC, EY, and KPMG are still looking at Deloitte’s tail lights. For the fifth straight year, Deloitte will win the Big 4 dick-measuring contest in terms of annual global revenue, according to an Australian Financial Review report. Deloitte expects a strong finish to the 2020 financial year despite the effects of the COVID-19 pandemic and […]

Layoff Watch ’20: Deloitte Has Begun Handing Out Thousands Of Pink Slips (UPDATE)

[Updated on June 12 with some additional information.] We’ve got some new info to share today, at least from the Deloitte & Touche side of things. A tipster told us the following things were said by D&T CEO Lara Abrash this morning during a call with her audit and assurance peeps: She confirmed what we […]

Does Punit Renjen Not Realize Deloitte U.S. Is Laying Off Thousands of People During a Pandemic?

While I’m sure he had good intentions, the timing of this tweet by Deloitte Global CEO Punit Renjen is a little questionable given that Deloitte U.S. is currently getting rid of roughly 5,000 or so employees and furloughing many more during the COVID-19 crisis. How’s that helping these people thrive during the worst pandemic in […]

Deloitte’s 2018 PCAOB Inspection Report Shows They’ve Gotten a Lot Better At This Thing Called Auditing

So the PCAOB did a thing today. Everyone’s favorite audit regulator released the 2018 inspection reports for the Big 4, Grant Thornton, and BDO USA this morning in a “new user-friendly format.” And they’re actually pretty sleek-looking and informative. A couple years ago, Caleb called PCAOB inspection reports “beach reads” because executive summaries had been […]

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

Last week we told you guys about Deloitte Ireland helping a longtime PwC tax director achieve his dream of becoming a Big 4 partner. In today’s edition of “Big 4-on-Big 4 Poaching From Around the World,” we head to Switzerland, where a PwCer-turned-Deloitter is coming back home to Papa Whiskey Charlie. Richard Geldart rejoined PwC […]

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

Today’s edition of “Big 4-on-Big 4 Poaching From Around the World” takes us to lovely Dublin IRL, where a longtime tax director at PwC Ireland has gone to the Green Side. Deloitte is pleased to announce that Ronan Ferry has been appointed a partner in its tax practice. Ronan will lead the Tax Management Consulting (TMC) team […]

Florida Governor Is Not Impressed with Deloitte’s Handiwork

“It was designed with all these different things, basically to fail, I think. This thing was a clunker, there’s no doubt about it.” — Florida Gov. Ron DeSantis said about the state’s unemployment claims website, CONNECT, which was built by Deloitte Consulting in 2013 when Rick Scott was Florida governor. The system has pretty much […]

Congrats to EY and Deloitte For Making … the Vault Banking 50?

The other night I was bored to tears while my wife and my 13-year-old daughter were watching The Vampire Diaries on Netflix. So I poured myself a beer and hopped on to Vault’s website to see if they released their newest Accounting 50 rankings yet, as they usually do in April. They had not. It’ll […]

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, […]

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 […]

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 […]

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 […]

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 […]

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

Competitive poaching of PPMDs among midtier accounting firms has been rampant lately, whether they are taking people away from the Big 4 or from other midtier firms. Even the FASB isn’t immune from being poached. While watching the hiring games these firms are playing is fun and all, we’ve been patiently waiting for some Big […]

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

Longtime Deloitte Financial Advisory Services employee Jim Jordon is now teammates with Kate and Ben at BKD. Jordon was recently brought onboard as a managing director in BKD’s Forensics & Valuation Services division. He will be based in Houston. In his new role at the House of Dickman, Jordon will focus on assisting BKD’s energy […]

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

It’s been more than four years since Going Concern has reported on someone changing their team colors from green to purple, but that happened recently as Grant Thornton nabbed a former managing partner at Deloitte Consulting to join its Public Sector Healthcare practice. David B. Weir, Jr. has joined Grant Thornton LLP’s Public Sector Healthcare […]

Hiring Watch ’19: Deloitte Is Taking Applications In Gilbert, AZ

The latest Big 4 job creation news comes from Deloitte, which will be adding hundreds of jobs in Gilbert, AZ, as part of a major expansion at that location. Phoenix Business Journal reported: Deloitte is doubling its footprint in Gilbert and preparing to hire 900 more people. The global business consulting group announced last year it […]

Promotion Watch ’19: Let’s Congratulate Deloitte’s 386 New PPMDs for FY 2020

It’s been quite a while since we’ve done a post on new partner promotions at Deloitte, so we wanted to give some kudos to not only the 65 new partners in the class of 2020, but also the 236 managing directors and 85 principals who were recognized by Ucuzoglu & Co. for a job well […]

With $46.2 Billion In Fiscal 2019 Global Revenue, Deloitte Should Continue to Rule the Big 4

Unless PwC’s global revenue for fiscal year 2019 increases 11.9% from last year, which likely won’t happen, Deloitte will remain No. 1 among the Big 4 firms in revenue for the fourth consecutive year. Deloitte announced today that revenue for FY 2019 was $46.2 billion, a 9.4% increase using the magical “local currency” terms and […]

Arthur Andersen & Co.

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

Did you guys see that Andersen has rebranded? Yep, the firm dropped “Tax” from its name and is just going by Andersen from now on, or until Mark Vorsatz tries to sneak in an “A.” so the firm becomes A. Andersen. And did the press release just say, “Hearkening the legacy and values of the […]

Rhode Island Is Still Holding a Grudge Against Deloitte

A better title might be, “Rhode Island Tells Feds to Send All Fines Related to State’s Shitty Benefits Computer System to Deloitte.” From the Associated Press: The federal government is fining Rhode Island about $2 million for problems with the state’s benefits system. WPRI-TV reports the problems stem from the botched rollout of a computer system for […]

Will Deloitte’s Work With Customs and Border Patrol Drive Employees From the Firm?

Our friends over at Fishbowl recently surveyed their users to find out if Green Dotters might be driven away due to Deloitte’s work on behalf of Customs and Border Patrol (CBP) and we’d like to share it with you. First, let’s get you caught up on the sitch if you’re out of the loop. As […]

RSM Did a Little Talent Shopping At the Big 4

And Adams & Co. came away with a new tax principal and a new risk consulting leader. First up is Brad Collins: In his role as a principal with the firm’s national tax team, Collins leads the firm’s efforts to identify opportunities where RSM can eliminate tax data management challenges for private equity and hedge […]

Deloitte, EisnerAmper, 5 Others to Pay $235 Million to Settle Aequitas Investors’ Lawsuit

Why go through a lengthy, expensive trial, not knowing whether you’ll win or lose, when you can pay a shit-ton of money to make it all go away? That’s what the seven defendants, including Deloitte and EisnerAmper, did to settle a class-action lawsuit filed three years ago by investors of Aequitas accusing the accounting firms, […]

The Lovefest For Ex-Deloitte CEO Cathy Engelbert Continues

Former Deloitte CEO Cathy Engelbert has been getting a lot of love lately. Last week, Glassdoor released its 2019 ranking of the top 100 CEOs in the U.S. based on anonymous employee reviews, and Engelbert was ranked 15th—the highest among the Big 4 CEOs and the second highest among women chief executives. This week, career […]

Punit Renjen Gets Another Four Years as Deloitte Global CEO

Because June 1 is always New Year’s Day in the Deloitte universe, I woke up this morning to a shit-ton of Deloitte personnel news, so let’s get right to it. First, Deloitte Global CEO Punit Renjen was elected to sit in the big chair for four more years. His second term began today. It has […]

Outgoing Deloitte CEO Cathy Engelbert Is Going to Be Commissioner of the WNBA

For those of us wondering what Cathy Engelbert is going to do next once her term as Deloitte CEO ends next month, it looks like we have our answer. The WNBA announced today that it has hired Engelbert to be the league’s first-ever commissioner. She will take over on July 17, NBA Commissioner Adam Silver […]

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 […]

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 […]

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, […]

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 […]

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 […]

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 […]

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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 […]

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 […]

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 […]

Deloitte, CPA Get Taken to the Woodshed in Hong Kong

The Hong Kong Institute of CPAs doled out some fines on Nov. 13 to Deloitte Touche Tohmatsu and a Deloitte CPA for making some auditing faux pas. The firm and accountant Lee Po Chi each have to pony up $50,000 HKD ($6,384 USD) “for their failure or neglect to observe, maintain or otherwise apply professional […]

Pair of asses

Deloitte Mexico Auditors Attempt to Phone in Sloppy Audit Work, Fail

The PCAOB has barred, fined, and censured three Deloitte Mexico audit partners for their role in the absolute bamboozle of an audit on Prestaciones Finmart, a Mexican subsidiary of Texas-based EZCORP, Inc. Finmart accounted in FY 2013 and FY 2014 for approximately 21% and 26% of EZCORP’s consolidated assets and approximately 23% and 42% of […]

Deloitte CEO Cathy Engelbert Is Still Talking About Her Teenage Son’s Fear of Robots

Our QOTD comes from Deloitte CEO Cathy Engelbert, who shared the stage with AT&T Business CEO Thaddeus Arroyo and CNN host Anderson Cooper a couple of weeks ago during the AT&T Business Summit in Dallas to discuss how to be an effective leader in a digital world. Cooper, who moderated the discussion, mentioned that people […]

Deloitte Surpassed $43 Billion in Global Revenue in Fiscal Year 2018

The numbers are in, the press release is out, and the words “exceptional,” “unrelenting,” and “quality and distinction” were used by Deloitte’s No. 1 cheerleader, Global CEO Punit Renjen, to describe the firm’s 2018 fiscal year. I have no doubt that Green Dots around the world yesterday celebrated (i.e., sat half asleep at their desks) […]

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Here’s Your Open Thread for Deloitte Compensation Discussions (2018)

If the last couple years have taught us anything, it’s that Deloitte compensation conversations are probably going down this week in some offices. And by “conversations,” we mean raises are online and ratings are plotted out on scatter graphs. Semantics, ya know? In looking at last year’s Deloitte comp discussion, we discovered that y’all Green Dotters […]

Deloitte Australia Is Going to Allow Partners to Work There Until They Become Old Geezers

We’re just chock full of news about Deloitte Australia today. Earlier on, Adrienne poked fun at the firm’s ridiculous career break program. Then we come to find out that Deloitte is going to allow its partners to work there until they are frail and barely breathing—as long as they are making a meaningful contribution to […]

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Deloitte Brags About Its ‘Make Your Team Think You’re a Dick’ Career Program

The various perks and psuedoperks offered by accounting firms have been discussed at length here in the hallowed virtual halls of Going Concern over the years. From ping-pong tables and on-demand popcorn to so-called unlimited vacation time, we’ve destroyed them all. But one I believe hasn’t been touched on is the Deloitte career break program. That […]

Deloitte Gobbled Up the Most New SEC Audit Clients in Q2; EY and KPMG Threw Up a Bunch of Clients

After two Utah-based firms you might not have ever heard of picked up the most new Securities and Exchange Commission audit clients in the first quarter of 2018, Deloitte was the big winner in the second quarter, snagging 15 new engagements, with a net of 13, according to Accounting Today. BDO USA was the runner-up […]

Report: Deloitte Employees Want the Firm to Cool It With ICE

Deloitte employees are circulating a petition saying they have “moral objections” to the Big 4 firm providing consulting for Immigration and Customs Enforcement and are asking management to sever ties with the immigration agency, the New York Times reported on July 12. According to the petition and internal emails obtained by the New York Times, […]

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Deloitte ‘Betrayed Me,’ Alleged Sexual Assault Victim Told CEO in Email

A former Deloitte Bermuda staffer who has accused a senior partner in the Big 4 firm’s New York office of sexual assault emailed Deloitte LLP CEO Cathy Engelbert in 2017 about the alleged attack and said the firm “betrayed me,” according to a July 9 NBC News report. The senior partner has not been charged […]

Report: Ex-Deloitte Bermuda Staffer Accuses U.S. Partner of Sexual Assault

The Australian Financial Review reported on July 3 that a woman who used to work in Deloitte’s Bermuda office has accused a male senior partner from the Big 4 firm’s New York office of sexual assault in a Bermuda hotel room in August 2015. The woman, who did not want to be identified in the […]

Slim Pickings For SIG, as It Settles on EY as New Auditor

While the U.K.’s Financial Reporting Council investigates Deloitte’s 2015 and 2016 audits of SIG, the building products distributor has selected EY as its new auditor, according to the Financial Times. EY was the only Big 4 firm eligible to bid for the SIG contract, which according to The Times newspaper, is worth about £1.6 million […]

Deloitte’s Audits of SIG Under U.K. Regulator’s Microscope

The Financial Reporting Council, the U.K.’s audit watchdog, is calling, is calling, is calling out Deloitte’s name in a probe of the Green Dots’ 2015 and 2016 audits of building products distributor SIG, according to several publications across the pond. From the Financial Times: SIG said in February it had discovered misstatements after a whistleblowing […]

Is Cathy Engelbert’s Time Almost Up As Deloitte CEO?

The Wall Street Journal is reporting that Deloitte LLP partners were told in an email that Cathy Engelbert has not been renominated for a second four-year term as CEO of the Big 4 firm. The Journal wrote: Ms. Engelbert, the first woman to run one of the Big Four firms in the U.S., is three-plus years into […]

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 […]

Which Data Breach Will Finally Wake Us Up?

The world has finally decided data privacy and security is worth talking about. Congress enjoyed pelting Mark Zuckerberg with questions that made the digital natives point and laugh. We also enjoyed getting this cautionary note from Twitter this week: Hi @MeganLewczyk, When you set a password for your Twitter account, we use technology that masks […]

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Judge Tosses Accountant’s Suit Claiming Bar Discriminated Against Him for Wearing MAGA Hat

Not a miter. Not even close. Last year we shared the story of Greg Piatek, a Deloitte senior manager who sued The Happiest Hour, a bar in New York’s West Village that he claims kicked him out over his “MAKE AMERICA GREAT AGAIN” hat. On Wednesday, a judge threw out Piatek’s lawsuit, but not before […]

bdo kpmg deloitte zimbabwe

Foreign Affiliates of Big Audit Firms Screwed Up Some Stuff

The Securities and Exchange Commission fined foreign affiliates of BDO, Deloitte, and KPMG for skirting oversight of the PCAOB. Here’s the skinny: According to the SEC’s orders, the Zimbabwe affiliates of Deloitte & Touche and KPMG improperly audited the majority of assets and revenues of a publicly traded company without registering with the PCAOB. The […]

deloitte cyberattack

Deloitte Agrees to Fork Over $149.5 Million for Its Crappy Taylor, Bean & Whitaker Audits

The Justice Department announced that Deloitte would pay a $149.5 million fine to put “potential False Claims Act liability” to bed for its role as the auditor of Taylor, Bean & Whitaker Mortgage Corp., the failed mortgage originator. Justice alleged that “Deloitte’s audits knowingly deviated from applicable auditing standards and therefore failed to detect TBW’s […]

deloitte cyberattack

This New Deloitte Anthem Is Sweeping the Globe

Over the years, Big 4 employees have tried (and mostly failed) to compose anthems, jingles, raps, and other musical variations to express their feelings about their firm. They come from all over the world and range in quality from god-awful to audibly tolerable. A couple years back, erstwhile GC Australian correspondent Chris Hooper compiled the […]

Deloitte Legal UK

Accounting News Roundup: Deloitte Legal, EY Boomerangs and Praying for the Pass-Through Deduction | 01.10.18

Deloitte muscles in on legal services in UK [FT] Oh, looky what we have here, another Big 4 firm splashing its way into some press about legal services. Deloitte is “applying for an alternative business structure licence” which allows non-law firms in the U.K. to offer legal services. And wouldn’t you know it, Matt Ellis, […]

New York Attorney General Wants to Know What’s What Re: Deloitte Hack

The Wall Street Journal‘s Michael Rapoport reported this morning that New York Attorney General’s office is investigating the data breach at Deloitte “and its circumstances.” Deloitte put it in slightly different terms: In a statement about the New York A.G.’s involvement, Deloitte said Mr. Schneiderman’s office has “reached out” to it about the breach “with […]

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Data Breach at Deloitte Hitting Too Close to Home for Accountants

My, my. So many data breaches to talk about, it’s hard to know where to start. Caleb has already been keeping you up to date with the latest on some of the recent hacks but let’s dig in a little more about one breach in particular. Uh oh, Deloitte We learn time, and time again, […]

deloitte cyberattack

Deloitte Tries To Play It Cool After Cyberattack

Deloitte, the biggiest of the Big 4, has joined the ranks of the hacked. This morning, The Guardian reported that the firm was the latest massive organization to have suffered a cyberattack, and that confidential client information was the target. To make matters worse, Deloitte failed to notice the breach for months. And to add […]

deloitte cyber attack

Here’s Your Open Thread for Deloitte Compensation Discussions (2017)

Apologies to all the Deloitte compensation junkies out there experiencing withdrawal symptoms. We received this tip awhile back and, judging by the timing, many of you are anxious to yak about what’s going on: The national call was today and comp talks with partners won’t be happening until after 8/17. The raises take effect in […]

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Big 4 Audit Quality Hiding in Plain Sight: Restatement Mentions in PCAOB Reports

For the last several years, one very interesting audit quality metric has not been widely reported in the media, and the largest audit firms barely mention it. It has been hiding in plain sight and could be a useful data point to audit committees or investors that are trying to understand the quality of audits. […]

deloitte-employee-maga-hat-happiest-hour

Deloitte Employee Suing Bar for Kicking Him Out Over His Ugly Hat

Someone call the fashion police. If there’s one thing sober minded people can agree on, it’s that “MAKE AMERICA GREAT AGAIN” hats are ugly. It’s a rope style cap that is solely fashionable at private golf clubs that only allow white, straight males as members. The hue of the classic MAGA cap is a hideous […]

Accounting News Roundup: Deloitte Spies, Stock-based Comp and an SEC Chair Contender | 12.20.16

Deloitte spies Here's a fun story from CNBC reporter Eamon Javers on an espionage group inside Deloitte that helped gather information on Bearing Point, the old KPMG Consulting spinoff. The story says the group was "generally known as the competitive intelligence unit" and was led by a former CIA guy named Gordon "Gordy" Welch. Essentially, […]

Deloitte’s Dutch Firm Takes Its Turn With PCAOB

The PCAOB has announced another settlement with a Deloitte firm today, this time the Dutch version. This relates to an independence snafu that happened back in May of 2012 when the new CEO, Piet Hein Meeter, resigned abruptly, after serving in that role for just a few months. Here's Michael Rapoport's report in the Wall […]

KPMG Planning a Training Center That Will Surpass Deloitte University in Ridiculousness

Here's a report out of the Orlando Sentinel that KPMG is considering Orlando as a site for a mega training facility and conference center. The location isn't so much of interest as is the fact that KPMG is planning a $430 million, 800,000 square-foot campus. If you're wondering if that's bigger than Deloitte University, the […]

Deloitte’s Brazil Firm Covered Up a Couple of Bad Audits

The big news in the international audit firm world today is an announcement by the PCAOB that Deloitte’s Brazil firm audited badly and then covered up that bad auditing, which is also bad. The whole thing involved a dozen auditors including the Brazil firm’s former Audit Practice Leader, former Risk and Reputation Leader and former […]

Layoffs Watch: Deloitte Business Tax Services

Here's some not-so-fun news that popped up on Reddit earlier with regard to Deloitte telling some tax people that their services are no longer needed: Couple dozen in Chicago, and many more in the local practice offices. Staff to Senior Manager, no-one is insulated. The OP states further, "Hearing rumors that it will be a […]

Brace Yourself for the #AuditorProud Social Media Blitz

Ding. Ding. Are you ready for Round 2? It’s the second annual #AuditorProud day. Hey, wait a second. Wasn’t it in December last year? Actually, yes. At least we know now that the folks over at the Center for Audit Quality took a haphazard approach when selecting the day and it’s totally random. But hey, […]

Accounting News Roundup: New Deloitte Partners and Leslie Jones Wants EY’s Help | 09.19.16

Deloitte partners Deloitte announced its new partner class this morning, although it's not much of an announcement. Today, Deloitte announced that it has elevated 623 professionals to partner, an increase of four percent from 2015. Deloitte also saw a significant increase in the number of new female partners globally over the last year. Twenty-six percent […]

Sometimes Life at Deloitte Is a Walk in the Park

This better be a tax person. Happy Friday from Central Park! #FlexibilityandPredictability pic.twitter.com/VNcWtZZ6fa — Life at Deloitte (@lifeatdeloitte) September 16, 2016

Here’s Your Open Thread for Deloitte Compensation Discussions (2016)

Just as soon as we put of up the EY compensation thread, tipsters out of Deloitte started crowing for theirs, including this one:

Report: Former Deloitte UK CEO Planning a New Big 4 Firm

Ever since Andersen went down for the dirt nap (and probably before that), observers of the accounting profession have worried about the shrinking number of large accounting firms. And sure, it's a concern, but the majority people can't be bothered with it until the Big 4 becomes the Big 3. The other side of this […]

The Accounting Firm Dress Code Revolution Rolls On

In this first half of 2016, accounting offices across the country have witnessed a bolt of denim throughout their halls. It's been quite an interesting fashion evolution for a profession that's been banally formal since, well, always. It's captivated everyone, including PwC's Tim Ryan who, knowing that he needed to set the proper example, asked […]

Confidential to a Certain Deloitte CEO: Millennials Don’t Need Any More Emails

After pay, what's most important to young job seekers? Deloitte's Millennial survey says… https://t.co/SW0ddPwjMw pic.twitter.com/JP4nzI8yrC — Deloitte (@Deloitte) January 22, 2016 [via @ChrisHooper87, Earlier]

Let’s Help Deloitte Global CEO Punit Renjen With His First Tweet

Because it's our job to pay attention to these things, we heard that Deloitte Global CEO and sayer of the ridiculous Punit Renjen had joined Twitter. And it's true, he's on there alright. Trouble is, as of 4:45ish ET this afternoon, he hasn't tweeted anything. Your inaugural ‎ tweet can be nerve-wracking, but it doesn't […]

Deloitte Dabbles in Orwellian Tracking Devices

A Deloitte office in Canada had volunteers wear a device that tracked their every movement and their every conversation. The gadget looks and works like what you would expect if an ID badge had sex with an iPhone. The maker of these devices, a company ironically named Humanyze, claims that their devices track more than […]

Deloitte’s Claim That It’s More Exclusive Than Harvard Is Pretty Stupid

Deloitte, the largest professional services firm in the world, likes itself a little too much. It’s like Mindy Kaling without the charm or clever sexual overtones. The firm hires thousands each year across the globe and harps about it. It gives back to the community and harps about it. And, most annoyingly, is a hard […]

Deloitte Rules Chicago

And it's not even close! Over at Crain's, Claire Bushey reports on the pecking order of the largest accounting firms in the Windy City: In 2014, New York-based accounting giant Deloitte stood head-and-shoulders above other Big Four firms in Chicago, raking in fees totaling more than $76.5 million from companies here. In the local market, […]

Post-Big 4 Board Seat Watch: Former Deloitte & Touche CEOs

Greg Weaver, D&T's very own version of Grover Cleveland, snagged a seat on Verizon's Board of Directors. Hopefully he didn't make too many commitments to public service that might stretch him thin like some people we know. [VZ]

Here’s Your Open Thread for Deloitte Compensation Discussions (2015)

It's been an interesting year at Deloitte.

They became the first accounting firm to elect a woman as CEO. They're trying to do away with performance rankings. And Deloitte Disneyland has made every one of us sick (envy for non-Green Dots; indigestion and wicked hangovers for the employees).

Deloitte Doesn’t Want You Wasting Billable Hours Searching for Adulterer Profiles

It was bound to happen at some point. I thought we'd be able to take the high road on this Ashley Madison data dump mess, but NOOOOOOO, here we are digging around in people's private lives. It is the internet, after all. Really all we have for you is an anonymous tipster who dropped us […]

Promontory Financial Shows PwC, Deloitte How Brinkmanship Is Done

Promontory Financial, after threatening to sue New York's Department of Financial Services, agreed to settle with the regulator over its actions in representing Standard Chartered Bank today. The firm will pay a $15 million fine and forgo consulting gigs with New York banks for six months. Contrast that with the deals PwC and Deloitte got: […]

Sometimes You Have to Grin and Bear Life at Deloitte

10:52 PM and going strong!! #CRAFT #DeloitteU pic.twitter.com/wstaRdsDNX — Life at Deloitte (@lifeatdeloitte) August 12, 2015 Interestingly, there are no signs of life…at Deloitte today. Earlier: Sometimes Life at Deloitte Involves Not Having a Life

Auditors to Get Auditier

Here's someting auditors might not like: more work! In an interview with the Journal of Accountancy, Deloitte & Touche CEO and jargon generator Joe Ucuzoglu suggested that stuff like press releases, presentations, non-GAAP metrics, anything that companies throw in front of investors to gawk at, really, could be fair game for auditors: “Those metrics are […]

Deloitte Survey: Auditors’ Use of Technology Does Not Impress

A Deloitte survey of financial executives, financial statement users and audit committee members found that an overwhelming majority — 84%, 70% and 76% respectively — of these people, "believe auditors should use advanced technologies more extensively in performing an audit." Apparently, 21st century auditing is still a few years off. [WSJ] Image: Gnangarra/WIkimedia Commons

Confirmed: An Audit Firm Will Resign From an Engagement If You Threaten Its Employees

Deloitte audited the Glasgow-based Rangers football club up until recently when the firm wrote a letter to shareholders detailing some disturbing news: 

Oh Look, Another Big 4 Audit Firm Settled with the SEC Over Independence Violations

The SEC has fined Deloitte over $1 million for violating auditor independence rules. The consulting side of the house had a thing going with a trustee, Andrew Boynton, of three funds the firm audited. Deloitte did self-report the violation in 2012, although at that point, the firm had been violation for five years. Sounds like […]

Punit Renjen Wants Deloitte to be the ‘Auditor’s Auditor’ Whatever That Means

In an interview, soon-to-be Deloitte Global CEO Punit Renjen said, "Our goal is not to be the biggest," which, obviously dude, you've got that in the bag so why state a goal that you've already achieved. Rather, he said he wants the firm "to be the undisputed leader in professional services," (aka THE BEST) and […]

Former Deloitte CEO Will Squeeze in Pfizer Board Meetings in Addition to All That Public Service

Former Deloitte CEO Joe Echevarria will join Pfizer's board of directors effective immediately, according to a company press release. That's a decent gig! The release also mentions that Joe E is on the board of Bank of New York Mellon. He landed that back in February and serves on the audit committee. Presumably, he'll serve […]

Bonus Watch: Deloitte Employees Ineligble for Bonuses

Everyone's a winner! At least that's the sense we get reading this message from Deloitte Advisory Chief Talent Officer Monica O'Reilly that a tipster dropped us earlier today: Your contributions helped make FY15 an exceptional year as we deepened our client relationships, distinguished our brand in the market, and positioned ourselves to be clearly differentiated. […]

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

Grant Thornton has put everyone on notice that they’ve snagged Deloitte National Managing Partner for U.S. Government Affairs & Public Policy Jim Brady. He will become GT’s Central Region Managing Partner effective August 1. Brady has had quite a career at Deloitte, serving in many similarly dynamic roles. Among them: National Audit Leader for Growth […]

Deloitte Employees Have an Excused Absence

Today, Deloitte extends its tradition of issuing a press release stating that their employees are volunteering without having to make up a story to get out of work. Your indulgence is appreciated. [Deloitte]

Let’s Welcome the Deloitte Summer Interns

It's New Year's Day in the Deloitte universe and new stars are being born: Alright folks, with all the interns we have starting this week across the country, what advice would you give them? — Life at Deloitte (@lifeatdeloitte) June 1, 2015 My only advice is that when you're waiting for a new story to […]

The Accounting Profession’s Lack of Diversity Is a Rodney Dangerfield Problem

If you’re like me, your eyes glaze over when firms start talking about “diversity initiatives.” Most of the time, they’re bullshit buzzword-filled discussions involving a white board and a “shout out your answers!” brainstorming session led by a white guy in a skinny tie who wouldn’t know diversity if it punched him in the windpipe. […]

Now That Auditing Is Joining The 21st Century, What Will It Be Like?

Recently the Washington Post interviewed new Deloitte & Touche CEO Joe Ucuzoglu about how he has always liked numbers and stuff. We don't necessarily recommend that you read it, as that's one of the services we provide around here — reading horrible interviews with Big 4 bigwigs — but there's one topic of discussion mentioned that the opiners […]

Deloitte Gonna Keep Trying Its Best

After a jury ruled in Deloitte’s favor in a lawsuit that could’ve cost them $850 million, the firm said it was “gratified” by the verdict and “committed to conducting audits of the highest quality.” Which is a relief in case you thought the world’s largest professional services firm had been winging it this whole time.  [WSJ]