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 of new partners are women, an increase of thirty-two percent from 2015.
The rest of the press release is two paragraphs and one quote from Global CEO Punit Renjen and believe me, you're not missing anything.
This is quite a contrast with PwC's announcement that seems to celebrate their new partners a bit more. The Deloitte announcement has no details, no list of names and certainly not a website with people's smiling faces. The firm practically soils itself over its every one of its acquisitions compared to this death-warmed-up recognition of new owners.
In any case, congratulations to all the new Deloitte partners. If the list of names is lying around, feel free to send it to us. We'll celebrate you properly!
Auditors count things
During the perfunctory mention of Ernst & Young's role in tabulating the Emmy winners last night, Leslie Jones made a request:
“I really appreciate all the hard work that you do. But let’s be real: Y’all are protecting something that nobody is trying to steal. Don’t nobody want to know about boring Emmy secrets,” said the Saturday Night Live star. “But since you’re good at keeping things safe, I’ve got a job for you: my Twitter account. Put that in the vault, please.”
The Ghostbusters actress recently returned to Twitter after being hacked and suffering harassment from racist trolls on the social media site.
Someone should tell her about Lehman Brothers ASAP.
Has Donald Trump released his tax returns?
Nope! Last week, a reporter asked if President Obama would intervene in this brouhaha by requesting the tax returns from the IRS. Although the White House press secretary said it was "rather unlikely" that the president would do anything, there is an post on Snopes (of course)now that explains that he probably couldn't legally "publicly disclose" them. You can cite this post when you want to sound extra smart in your next political argument.
Elsewhere, in DJT tax-related news: There's confusion about whether or not his tax plan includes a tax cut for pass-through entities. Oh, and he got a lot of tax breaks as a real estate developer.
Previously, on Going Concern…
I wrote about succession planning for CPA firms. And in Open Items, someone is concerned about being "pigeon holed this early in my career."
In other news:
- Austin IRS facility to close; union says 2,400 jobs at stake
- FIFA appoints PricewaterhouseCoopers as new auditors
- PCAOB Sanctions Audit Firms and Partners for Violating Independence Rules
- Pychopath CEOs.
- Fancy ice.
Get the Accounting News Roundup in your inbox every weekday by signing up here.