“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]
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Promotion Watch: KPMG Hands Out New Stripes Today
A source reminded us that today is welcome to your new personal hell job day in the house that Klynveld built:
“Today is July 1st promotion day for KPMG…figured it can be a post item shoutout.”
So that’s exactly what we’re doing. Congrats to those of you enjoying a new title and feel free to pat yourself on the back below but don’t get all Sally Field on us. That’s just embarrassing.
As far as the promotion bonus is concerned…that may be another matter. But if the last three months of the fiscal year go well, who knows what can happen come fall?
UPDATE: We’ve been notified that there hasn’t been any word in at least one office (Southeast) on promotions which strikes us as strange but…HEY! anything is possible. If you’re in the dark, let us know or discuss.
Six KPMG Employees Fired After Leak of PCAOB Inspection Info
Updates to report that individuals were terminated appear throughout. Welp, this looks bad. The Wall […]
Deloitte Poll: One-Third of Companies Don’t Have the First Damn Clue About Business Analytics
You can try to blame the Obama Administration’s anti-business policies but you really only have yourself to blame. Get with it people.
Business analytics represents the ability to rapidly harness massive amounts of data for modeling complex situations and predicting potential outcomes and alternatives. This presents enormous potential value for business leaders to make more informed, fact-based and ultimately better business decisions. Yet, in a recent Deloitte webcast poll of more than 1,900 technology executives and business professionals, approximately one-third of the participants either didn’t know if their organization utilized business analytics – or even if they had business analytics capabilities at all.
“Mind-boggling,” said John Lucker, a principal with Deloitte Consulting LLP, leader of its Advanced Analytics and Modeling practice, and one of the webcast presenters. “Organizations have ever more depth and breadth of information readily available within their grasp, and the technology and methods to extract and help synthesize the data are well proven. When you see the low levels of adoption, you have to ask the question, ‘Why aren’t more companies doing it?'”
Deloitte Webcast Poll: One-Third of Organizations Have Limited or No Business Analytics Capabilities [PR Newswire]