October 27, 2021

Big 4

KPMG Rocks signs held by a woman in a KPMG shirt

Changes to KPMG’s 401(k) Contribution Policy Seem to Be Getting Positive Reviews

In mid-July 2020, when public accounting CEOs were still looking at ways to slash costs because of the Rona’s impact on their firms, we started receiving tips from KPMGers about their retirement and pension plans taking a hit: KPMG announced this week they are cutting pension and 401k contributions in half for 2020. According to a 2018 […]

We Get It Lady, You Work For Deloitte

There’s a disturbing social media trend afoot, and no it’s not sex workers claiming to be accountants on TikTok. Over the last few years, LinkedIn has gone from a useful tool for professional networking to Letters to Penthouse for business. Y’all know what I mean. The long, rambling posts littered with hashtags — often written […]

Bonus Watch ’21: Deloitte’s Audit Practice Is Trying to Nip This ‘Great Resignation’ Thing In the Bud By Offering Retention Bonuses

There’s a firm that finally gets it when it comes to giving employees of one of its core lines of service a reason not to join the mass exodus that is going on right now in the Big 4. It’s not promoting some fictitiously great company culture. It’s not giving employees Omaha Steaks or 1-800-Flowers […]

Big 4 Item of the Week on eBay: Peat Marwick Cap

Klynveldians, forget about all of the dark blue and plain white Phil Mickelson KPMG golf hats currently on eBay. If you want to look good even if you don’t play good the next time you have a tee time scheduled (probably sooner than later for many of you KPMGers), then you need this rare teal […]

EY US Chair Kelly Grier Will Not Seek a Second Term

Kelly Grier, EY US chair and managing partner and Americas managing partner since July 2018, announced during an all-hands call this morning that she will not pursue a second four-year term. A tipster told us that Grier said “it was a personal decision and had nothing to do with the strength of the firm.” Her […]

We Now Know the Buyer of PwC’s Global Mobility Services Business

After months of rumors and speculation online about whether or not PwC was selling its global mobility services business and, if so, to whom, we now have answers to both questions: Yes and private equity firm Clayton, Dubilier & Rice. Here’s the press release that just hit our inbox: Clayton, Dubilier & Rice and PwC […]

Deloitte Canada Fined $350,000 By the PCAOB For Fudging Audit Workpapers

Someone lit a fire under the asses of those who work in the PCAOB enforcement division because they issued seven disciplinary orders to audit firms and accountants from Sept. 22 to Sept. 30. One of those firms was Deloitte Canada. Compliance Week reported: The Public Company Accounting Oversight Board (PCAOB) on Wednesday [Sept. 29] imposed […]

Big 4 Item of the Week on eBay: Price Waterhouse Portfolio Briefcase

Attention PwCers in St. Louis: Be the envy of your office with this retro Price Waterhouse (sans Coopers) dark brown leather portfolio briefcase. It has the Gateway Arch on it and everything. Imagine yourself rocking this pre-owned briefcase at the client site or at the office’s next pizza party. Here are some pics from the […]

Here’s a Cringey EY Rap Anthem to Begin Your Workweek

Happy Monday, GC faithful. One of the things we here at GC headquarters have enjoyed sharing with you through the years are horrible anthems about Big 4 firms. Who can forget such classics as “Making an Impact That Matters” about Deloitte, “EY Anthem,” and “Your Worlds, Our People” about PwC. These sound like the songs […]

Someone at EY Had an Axe That Needed Grinding On Their Way Out the Door

On Oct. 7, someone on the way out the door at EY decided now was as good a time as any to air those final grievances and perhaps warn those who hadn’t yet experienced the full force of “bad fit” just what happens when you don’t fall in line. It’s posted on Reddit and the […]

[UPDATED] PwC Australia Diversity and Inclusion Manager Who Mocked Chinese Accents Had to Be Told You Aren’t Supposed to Mock Chinese Accents

[Updated original post from Sept. 28 with additional information on PwC Australia’s internal investigation. Update is at the bottom of this article.] Australian Financial Review has a blockbuster of an exclusive this morning, one that involves “a human resources executive dressed as a bat from Wuhan” and a senior manager of diversity and inclusion mocking […]

A Big 4 Firm Being Untruthful? You Don’t Say!

From the Financial Times yesterday: A senior KPMG partner advanced an “untruthful” defence at a disciplinary hearing into the accounting firm’s misconduct in the sale of bedmaker Silentnight to a private equity fund, a tribunal has found. The tribunal also found that KPMG and David Costley-Wood, the partner who led the Silentnight work, had failed […]

Elizabeth Warren Shocked to Learn Big Public Accounting Firms Do Shady Sh*t

Uh-oh, the Big 4 firms have gotten Sen. Elizabeth Warren’s dander up. The Massachusetts Democrat was appalled at a recent New York Times report that found at least 35 examples of big public accounting firm tax lawyers who left to join the US Treasury’s tax policy office or other government positions and then were rehired […]

Paying People More Will Not Win the Talent War, Says PwC India Leader Adamantly Opposed to Paying People More

From the moment ‘Generation Y’ entered the workforce at the turn of the century, the business leaders, politicians, and academics who came before us have been suffering from endless anguish over our alleged lack of loyalty and our pesky desire to find fulfillment in life beyond work. Many of us watched our parents give their […]

Promotion Watch ’21: KPMG US Admits 170 New Partners

The partnership at KPMG grew by 170 people earlier this month, as 120 men and 50 women were outfitted with new golf attire before being handed keys to the club by Chair and CEO Paul Knopp and Deputy Chair and COO Laura Newinski. This latest class of new partners (for FY 2022) is larger than […]

PwC Hits $45 Billion In Global Revenue In ‘New Equation’-less FY 2021

The FY 2021 numbers are in at PwC and global revenue rose 4.9% to $45.1 billion for the year ending June 30. Hey, nice job, everyone. And as you’d expect, Bob Mortiz is #PwCProud: “I’m tremendously proud of all we achieved in a challenging year, and the way we did it, leading with our values […]

EY Poaches Someone From PwC and Issues a Press Release, Part VI

We have some Big 4-on-Big 4 poaching action in America’s Hat, as EY of the Canadian variety recently nabbed a partner from PwC. A new partner in EY’s Financial Services practice, Biswajit Das bends over backwards to provide CIO and COO advisory services for the Big 6 banks, insurance players, asset management firms, and large […]

PwC Just Announced That You Never Have To Go Back To the Office If You Don’t Want To (Sorta)

Big news today! PwC just announced that effective November 1, its people will need to be fully vaccinated against COVID-19 in order to access PwC facilities and client sites. Deloitte announced a similar vaccination policy toward the end of August, as did KPMG, just a handful of days before President Biden announced the country’s own […]

Compensation Watch ’21: So Many People Are Bailing That KPMG UK Had to Change Its Bonus Structure

Attrition is the word on everyone’s lips these days, and you can bet that the ongoing Big 4 exodus is keeping plenty of partners up at night. Given the aforementioned stress-related insomnia, surely firm leaders are spending their extra awake hours coming up with creative, generous ways to hold on to the staff they have […]

Promotion Watch ’21: Deloitte Admits 169 New Partners and Principals In the US

The smell of new partners and principals still permeates the air at the biggest of the Big 4, as Joe Ucuzoglu recently gave his blessing to the newest class of rainmakers at Deloitte. This latest class (technically the class of FY 2022) is 35% larger than last year’s class at Deloitte and 13% larger than […]

Compensation Watch ’21: Deloitte Puts Mid-Year Raises On the Table (Updated with Email From Deloitte CEO)

Thanks to a tipster, the following is an email Deloitte CEO Joe Ucuzoglu sent the troops this morning regarding the firm’s well-being subsidy, an additional holiday before Thanksgiving, reimbursing commuting costs, and, most importantly, mid-year salary increases: US Colleagues, We each value being at Deloitte for many different reasons—to build long lasting connections with colleagues, […]

EY Poaches Someone From KPMG and Issues a Press Release, Part III

Finally we have some Big 4-on-Big 4 poaching action here in the good ol’ US of A to write about, even though it involves a lateral move. After an 11-year stay at the House of Mickelson as a principal, Mitch Kenfield has joined EY’s Consulting practice in the same role. He announced his recent departure […]

Don’t Worry About Deloitte Partners In the UK, They’re Doing Just Fine

The Financial Times yesterday wrote about the rich getting richer at the Queen’s Deloitte: Deloitte’s UK partners will receive an average payout of about £1m after the accounting firm’s profits rebounded from a pandemic slump last year, helped by the sale of its restructuring division. The share of profits to 700 equity partners is the […]

Compensation Watch ’21: Did EY Redeem Itself In the Eyes of Their Employees? (UPDATE)

(Updated post from Aug. 18 with a comparison of average raise percentages per promotion from 2018 and 2016.) 2020 was a pretty ugly year for the Black and Yellow—and especially for EY employees. Let’s recap, shall we? No performance-based bonuses. Raises only to those who received a promotion. Lots and lots of layoffs. Unlimited PTO; […]

Here’s the Truth About What Really Happens at EY’s Neuro-Diverse Center of Excellence From Someone Who Was There

Ed. note: the following is a first-hand account of one person’s experience at the EY Neuro-Diverse Center of Excellence. The author has requested to be anonymous. On Saturday Night Live last March, Elon Musk came out on national TV as having Asperger’s syndrome. For the neurodiverse, this event was momentous not only because Musk hosted […]

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

It looks like the hot spots for Big 4-on-Big 4 poaching lately are the U.K. and Australia, where KPMG Down Under recently made champagne wishes and caviar dreams come true for one PwC managing director. Australian Financial Review reported: Sally Torgoman, 38, has joined KPMG as a partner in the firm’s infrastructure business. Ms Torgoman was […]

PwC Probably Won’t Be Including Ex-Audit Partner’s PCAOB Fine In Trust Solutions Marketing Materials Anytime Soon

July 1, 2014 was a big day for Sarah Martin, as she was one of 180 chosen ones who were admitted to the partnership by PwC. On that day the Richmond, VA-based Martin became a partner in assurance, which along with tax now falls under the Trust Solutions umbrella at P. Dubs. Now fast-forward seven […]

KPMG Australia Audit Partners and Staff Didn’t Get Away with Cheating on Internal Training Exams Either

At the end of the Married With Children episode, “Go For the Old,” Al Bundy says: “It’s only cheating if you get caught.” Well, KPMG got caught. The firm was busted for cheating on internal training exams. Again. Just like in the US. This time the cheating was running rampant in Australia. The PCAOB fined […]

Non-PwCer Totally Confused About What PwC Trust Solutions Really Is

A thread today on Fishbowl: That’s what PwC gets for giving its assurance and tax segments a dumb new name. This is from the same firm that gave the world Strategy&. That was and still is a dumb name. It’s like they do it on purpose. Related articles: PwC Is a Name You Can Trust […]

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

In today’s edition of “Big 4-on-Big 4 Poaching From Around the World,” we head to the largest country in South America where Carlos Augusto da Rosa Gomes recently left PwC in Brazil for the bluer pastures of KPMG. He announced his new home away from home on LinkedIn earlier this month: KPMG is Carlos’s third […]

EY Rakes In $40 Billion In Global Revenue, Will Try Not to Suck So Much At Auditing

A day after Deloitte got the Big 4 revenue boasting season rolling yesterday, EY announced today that it pulled in a “solid” $40 billion ($39,959,000,000, to be exact) in revenue for the year ending June 30, a 7.3% increase over 2020’s $37.2 billion. But aside from all the patting each other on the back for […]

Compensation Watch ’21: Deloitte Staff Gets Some Encouraging News About Raises and Promotions (NEW UPDATE)

(Updated post from July 14 with a comparison of average raise percentages per promotion from 2020 and 2016.) In July we took a look at how raises this year at PwC compared to 2019 and 2017 because they were hyped up so much by PwCers on the usual chatter sites, and for the most part, […]

Guy May Have Gone Through Puberty While Working At KPMG

“Well, I’m KPMG man and boy. I actually did engineering at university and then decided that I wanted to get a business qualification alongside that, so I joined the KPMG audit team in Glasgow and did my charted accountant training there. And then post-qualifying I moved into our transaction services team in order to implement […]

Deloitte Is the First Big 4 Firm to Clear $50 Billion In Global Revenue

Big 4 revenue bragging season is officially underway with Deloitte being the first out of the gate. But before we get to Deloitte’s haul for fiscal year 2021, let’s recap last year’s global revenue results: Deloitte: +3.9% to $47.6 billion PwC: +1.4% to $43 billion EY: +2.3% to $37.2 billion KPMG: -1.8% to $29.2 billion […]

Compensation Watch ’21: How ’Bout Them Raises At PwC? (NEW UPDATE)

(Updated original post on July 8 with a comparison of average raise percentages per promotion from 2020 and 2016.) PwCers expected really good raises this year. They trust that management would make that happen, given that PwC U.S. had record-setting revenue of $18 billion last year during a global pandemic. Last year PwCers had to […]

In Honor of Labor Day, Here’s a Guy Who Would Take a Bullet for PwC

Y’all think he makes a Facebook post like this on his wedding anniversary? Nah, me neither.

Even a Marvel Superhero Knows How Horrible Working at a Big 4 Firm Can Be

“I remember being in the offices of Deloitte, counting down the seconds until five o’clock, or whatever time it would be that I could finally leave, and just feeling miserable every day at the office. Feeling like I wasn’t where I wanted to be.” — Simu Liu, star of the new Marvel film Shang-Chi and […]

Here’s What We Know Right Now About the New COVID Vax Requirements at KPMG US

It was only a matter of time before another Big 4 firm would follow Deloitte’s lead in requiring COVID-19 vaccines for employees to enter its facilities. But I gotta admit, I wasn’t expecting that firm to be KPMG. (PwC, to be honest.) Here’s what was posted Tuesday morning on Fishbowl: I texted a source at […]

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

We haven’t heard or seen anything about the Big 4 exodus being as big of a thing in the UK as it is in the US, but it seems like there’s been a slight uptick in the amount of Big 4 hopping going on across the pond. The latest is Daniel Barry joining the partnership […]

KPMG UK Asks Staff to Stop Snitching to the Media When the Firm Does Something Stupid

Do y’all remember way back in February when then KPMG UK chair Bill Michael had to resign after he told staff to stop moaning in a virtual town hall? A few hundred KPMGers were in (virtual) attendance for Michael’s rant which included observations about how staff are a bunch of whiny little bitches who don’t […]

PwC Might Do Something No Other Big 4 Firm Has Ever Done Before

After years and years of PCAOB inspections of the Big 4 in which the percentage of audits of public companies that weren’t up to snuff have been in the 30s, 40s, and even 50s, we finally had a respectable audit report card earlier this year when Deloitte nearly had a single-digit deficiency rate in its […]

EY Is Helping Its Broke Interns Get Their 150 Credits

In the war for talent, it’s not (imaginary) prestige or ping-pong tables that will win the battle but cold hard cash. Or, in this case, a little help with what is often a costly and time-intensive venture for future CPAs. Last week, EY announced their new Career Path Accelerator, the TL;DR of which is an […]

PwC Manager Believes Associates and Senior Associates Are Going the Way of the Dodo Bird

Hey, I don’t know if you’ve heard but there’s a pipeline problem in public accounting right now. Seems some people finally got the memo that long hours and low pay isn’t worth the prestige of putting “worked at [INSERT BIG 4 FIRM NAME]” on their resumes anymore. And then there’s that other problem: those who […]

EY UK Sheds Some Pounds Because An Audit Partner Messed Up Big Time

The UK’s audit cops were itchin’ to dole out some discipline today, and the butts that were paddled belong to ex-audit partner Mark Harvey and his former employer EY. The Financial Times reported: Accounting firm EY has been fined £2.2m and issued with a severe reprimand for failings in its audit of Stagecoach, the London-listed […]

Beginning October 11, You Won’t Get Into Deloitte US Offices Without a COVID Vaccine

In a firmwide email today, Deloitte US announced that the firm is strongly suggesting its 113,257 people get their Rona jabs if they haven’t already, and should they not do so, they can expect to be shut out from Deloitte offices beginning October 11. The “no shirt, no shoes, no vaccine, no service” policy has […]

Caption This: With the Big 4 Exodus Underway, Desperate Times Call For Desperate Measures

Kicking off with: Turnover is so bad right now at PwC dogs are being hired to fill seats. Happy Friday everyone.

Public Accounting Firms Don’t Need to Increase Salaries to Retain Staff Says Guy Who Obviously Never Worked In Public Accounting

In the 12 years since this website was founded, we’ve heard a lot of complaints from accounting students and early career public accountants. A LOT. Many things have changed since 2009, but one thing has remained consistent all these years and it’s the overwhelming sentiment that public accountants are paid far too little for the […]

What In the Name of Kelly Grier Is This Nonsense!?

Yeesh. Hope they pick you, my guy!

Deloitte Doesn’t Want to Play In the Sandbox with the Big Law Kids Right Now

“We are monitoring these developments. At this point in time, though, we just don’t believe it’s practical to enter the practice of law.” — Steve Kimble, CEO of Deloitte Tax in the U.S., said in an interview with Bloomberg Law about the possibility of Deloitte stomping around Big Law’s turf in the States. What developments […]

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

Not in Australia this time around. In today edition of “Big 4-on-Big 4 Poaching From Around the World,” we head across the Atlantic where the Queen’s Deloitte has nabbed a longtime PwCer and magically turned her into a partner: Deloitte in the UK has hired Kanika Mehta as their latest Partner to join their Transaction Services team, after […]

So How Much Did PwC U.K. Partners Rake In This Year?

Ferrari, Aston Martin, McLaren, Jaguar, and Mercedes-Benz dealerships in and around London probably have been bustling more than usual lately, and here’s why: PwC’s UK partners took home record pay this year after the firm’s profits rose by a quarter to a fresh high of almost £1.2bn on the boom in corporate dealmaking. Average profit […]

Happy National Kool-Aid Day to All You Big 4 Kool-Aid Drinkers

Enjoy this day created just for you! But don’t spill any. Those who do are the first to get “coached out” or put on PIPs. Plus those Kool-Aid stains are hard to get out of your clothes. Have a great weekend, everyone.

[UPDATED] PwC Delays Its Reopening Plan to Mid-Pumpkin Spice Latte Season, Mulls a Vaccine Mandate

News on the wire today is that PwC is pushing back its plan to get everyone back in the office, which had been tentatively planned for some time in mid-September but, well, y’all know how that’s been going. And by “the wire” we mean Reddit, which is generally a decent source for accounting news because […]

Deloitte U.S. CEO Joe Ucuzoglu Says Give Your People What They Want Or You’ll Lose Them

Y’all the Great Resignation has scared the pants off of corporate America. No longer can they get away with teasing ping-pong tables and elusive “work-life balance” that we all know is heavy on the work but light on the life. Go figure, once going to the grocery store could literally kill you, it’s like everyone […]

Let’s Play a Game of ‘Which Big 4 Firm(s) In India Does This Bad Look Belong To?’

A tipster sent us this blurb that was published in the Suits & Sayings section of the Economic Times last weekend: When I first saw this, my first thought was that the Big 4 firm where the partner was supposedly sexually harassing women co-workers is EY in India, given its history of it allegedly happening […]

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

Yesterday we told you about the big poaching spree by Deloitte Australia, as the firm recently added six new partners to its risk advisory business. Most of that kontingent is komprised of soon-to-be former KPMGers who will officially join Deloitte in October. But another one of the six came from P to the W to […]

Deloitte Poaches Someone From KPMG and Issues a Press Release, Parts I, II, III, and IV

Damn, Deloitte Australia got quite the haul recently from the Australian House of Klynveld, nabbing four KPMGers—two partners and two directors—who will join Big D’s risk advisory business starting in October. That is some hardcore poaching. Australian Financial Review reported on July 27: Daniel Houseman, 42, is joining Deloitte as a partner from October. Mr Houseman is […]

Not the Onion: Deloitte Is Using Spoken Word Poetry to Teach Its Employees About Climate Change

Not sure if you heard but the giant rock we all call home is in trouble. Glaciers are melting, sea levels are rising, and I don’t have to tell you that the weather has been absolutely terrifying the last few years. The good news is it’s looking more and more like the Earth will give […]

KPMG Just Missed Getting a Record-Setting Fine In the U.K. By *This* Much

When an independent disciplinary tribunal concluded in June that KPMG U.K. and one of the firm’s partners failed to comply with the fundamental principles of objectivity and integrity in their work on the sale of bed manufacturer Silentnight to U.S. private equity firm HIG Capital in 2011, the panel recommended KPMG be fined a record-setting […]

Ex-Deloitte Australia Partner Says The Olds Still Got Game

“I think the whole industry should simply do away with any age-based retirement policy. I don’t think older partners perform any differently. These days people still have got a lot to offer as they get older. They’ve got a lot of experience, they’ve got a lot of know-how. They can be up with trends in […]

KPMG Senior Audit Associate Ryan Kiess Among 5 Killed In Car Accident On Long Island

The University of Scranton remembered alum Ryan Kiess (photo above), who got his bachelor’s and master’s degrees in accounting and played lacrosse at the university. Funeral services will be held this week for Ryan Kiess, a 25-year-old senior audit associate at KPMG in New York City who was one of five people killed in a […]

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EY Learns the Hard Way Not to Screw Around with the SEC’s Auditor Independence Rules

Back on Aug. 12, 2019, Bubble Wrap maker Sealed Air Corp. disclosed in an 8-K that it had fired EY as its “independent” registered public accounting firm and stated that it had hired PwC. OK, no biggie, the auditor carousel is always going round and round in the Big 4. But the most interesting tidbit […]

EY Thinks Its Women Can Make or Break Their Careers On the Golf Course

It’s been years since the show ended but I started a rewatch of Mad Men recently, and when I came across the article I’m about to share with you, I couldn’t help but think of a particular scene. This episode aired 13 years ago (yikes) so I’m hoping none of you will need a spoiler […]

Two of the ‘KPMG 5’ Barred By the SEC Indefinitely For Being Dirty Cheaters

Ex-KPMG partners David Britt and Thomas Whittle were told by the SEC on Wednesday that their accounting privileges were being taken away for a long time because of their involvement in a multiyear scheme with three other KPMGers to steal regulatory information from the PCAOB to cheat on audit inspections. The administrative proceeding orders released […]

Female PwC Employee Claims In Farewell Email She Was Fired Today For Calling Out Discrimination

A tipster sent us a link to a post on r/accounting that is generating quite the discussion this evening. In a goodbye email to her colleagues on Monday, a foreign-born Black woman who worked at PwC alleges she was discriminated against and denied a promotion three times because of her race, gender, and national origin. […]

Judge Sides with PwC In Whistleblower’s Retaliation Lawsuit

The cards are usually stacked against former Big 4 employees who take one of the firms to court, whether it’s over harassment, discrimination, retaliation, or unfair termination, because of the firms’ army of lawyers and their no-holds-barred approach to winning. Ex-PwC auditor Mauro Botta knew he faced an uphill battle trying to convince a judge […]

KPMG UK Got Absolutely Dragged By the FRC For Its ‘Unacceptable’ Bank Audits

The Financial Reporting Council (FRC) released its 2021 inspection reports today, which include BDO, Deloitte, EY, Grant Thornton, KPMG, Mazars, and PwC. I’ve linked the individual reports for each firm (note they are in PDF) should you feel like wasting a Friday afternoon reading overseas audit inspection reports but we need to talk about the […]

Thanks to Employee Surveys, PwC Australia Discovers the Startling Truth That Money Motivates Their People

Australian Financial Review is reporting today that PwC Australia is digging deep into their pockets and expanding the bonus pool based on input from employees who shocked the firm by making it clear that money is what motivates them above all else. PwC will increase the pay of its 8000-strong staff at a faster rate […]

This PwC Tax Manager Got So Bored Working From Home During Quarantine She Ended Up on Top Chef

It only took a year for 32-year-old Danie Baker of Seattle to go from working from home for PwC during lockdown to appearing on the new Top Chef spin-off Top Chef Amateurs, which debuted on July 1. The show lists her as a “tax accountant” but you know we snooped LinkedIn to find out she […]

EY Is Building an Even Better Better Working World With Its Expanded Neurodivergent Hire Plans

In April of this year, EY announced the launch of its Boston Neuro-Diverse Center of Excellence, the sixth of its kind EY has opened in the United States since launching the program in the mid-2010s. You see, it turns out that many — not all, but many — neurodivergent individuals are particularly excellent at data […]

The Pandemic Paid Off For PwC Partners Across the Pond

Good afternoon and happy Monday, grunts. Boy do I have something that is going to warm your cold black hearts. As we can all agree, the last year and a half has been rough. We’ve all had to make sacrifices, though thankfully many of us have at least gotten through it without having to put […]

PwC Poaches Someone From EY and Issues a Press Release, Part III

Hundreds of people have bolted EY to join PwC in different locations around the world the past dozen years but this is only the third time one of those moves has been documented on this here website. So congrats to Mike Holford for being the subject of this most recent “PwC Poaches Someone From EY […]

Did This Deloitte U.K. Partner Unjustly Rip Young Staffers, Or Did He Speak the Truth?

“Now, if you want to do what you want [with your time] I suggest that you become millionaires, authors or bums. Failing that, I would like to emphasize the rules of the road for scheduling.” — Alexander Curry, partner and U.K. lead of Deloitte’s strategy and business design practice, Monitor Deloitte, in an internal email […]

Rhode Island Just Can’t Quit Deloitte

And all it took was an apology for Rhode Island to fall back in love with Deloitte. “They did apologize, quite frankly, with me directly for that time frame when things were really very disruptive,” Gov. Dan McKee said of Deloitte. Much like its relationship with the state of Florida, Deloitte Consulting’s relationship with the […]

KPMG Poaches Someone From EY and Issues a Press Release, Part VII

Another day, another EYer getting poached by KPMG. This time Marlon Richardson (pictured left) has departed the Ernstiverse to join the partnership at KPMG U.K. The website Energy Voice reported: The “big four” accountancy firm KPMG has appointed a former oil and gas partner at rival EY to its energy practice. Marlon Richardson spent seven […]

Big 4 Firms Increase Salaries to Compete With Investment Banks For Talent, Still Pay Less Than Investment Banks

Have you heard? There’s a talent crisis. Which is glorious for those bright-eyed, business-minded college students choosing from any one of countless lucrative career paths right now. But for the gatekeepers of those paths, it means they’ll need to dig deeper into their pockets to secure the talent they need. And we know how much […]

#TBT: That Time When PwC Global Chairman Bob Moritz Took a Pic with Bebe Rexha

The photo below was taken during the PwC Impact Conference at Walt Disney World, a three-day event where interns have to sit through some mind-numbingly boring sessions and are made to sing “Don’t Stop Believing” before they hit the swimming pool and hang out at Magic Kingdom. This particular year, 2019, the interns were treated […]

Promotion Watch ’21: PwC Canada Has 43 New Partners to Fawn Over

PwC of the Canadian variety has put its trust in these 25 men and 18 women that they will make it rain for years to come. This year’s class of new partners at PwC Canada is nearly double last year’s class, which had the unfortunate timing of being admitted shortly before the firm canned 5% […]

Layoff Watch ’21: Many Deloitte U.K. Executive Assistants Could Soon Be On the Chopping Block

After EY, KPMG, and PwC in the U.K. recently told their employees they only had to come to the office or go to client sites two, maybe three days a week once pandemic restrictions are lifted while allowing them to work from home the rest of the time, Deloitte decided to do them one better. […]

Promotion Watch ’21: EY Admits 830 New Partners Worldwide

Big promotion announcement today at EY on the eve of its new fiscal year: the firm admitted its largest-ever new partner class: The EY organization announces that 830 people have been promoted to partner across the globe, the largest ever cohort of new partners. Women and audit represent 34% and 26% of this year’s new […]

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

Tom Carter had been away from Deloitte for about two and a half years, so now that he’s back, I’m sure there were a few new people in his office or on his team that he was Deloitted to meet for the first time yesterday. In today edition of “Big 4-on-Big 4 Poaching From Around […]

PwC Has Gotten the U.K. Audit Cops’ Attention

The press release the U.K. Financial Reporting Council sent out earlier today was short and sweet—all of 64 words—but it likely sent a shiver down the spines of TPTB at PwC: The Financial Reporting Council (“FRC”) has commenced an investigation into PwC LLP in relation to its audit of the consolidated financial statements of Wyelands […]

Deloitte Poaches Someone From EY and Issues a Press Release, Part III

Across the pond, Deloitte recently announced that it had promoted 79 Green Dotters to partner, an increase of 18% over last year. Of those new partners, 24 are women. Unfortunately, Deloitte U.K. didn’t release the names of its new chosen ones, but presumably Nicola Wright’s name would have been on that list. Wright got her […]

Promotion Watch ’21: PwC Admits 63 Overachievers to the U.K. Partnership

The smell of new partners is in the air at the Queen’s PwC: Congratulations to the 63 new partners across our Audit, Consulting, Deals, Risk and Tax business divisions. Find out more: https://t.co/R1X0RW59XB pic.twitter.com/dR89znLKNK — PwC UK (@PwC_UK) June 24, 2021 Of the 63 P. Dubsteppers who get to sit at the adults’ table beginning […]

Bonus Watch ’21: PwC India Is Really Laying the Bonuses On Thick

As you know, the Big 4 are trying to make up for either completely ignoring or providing pathetic raises and bonuses to employees last year due to the pandemic, even though three of the four (womp, womp, KPMG) pulled in the most revenue in FY 2020 than they ever had before. It’s hard not to […]

PwC Poaches Someone From Deloitte and Issues a Press Release, Parts II and III

When PwC released the names of its 94 newest principals earlier this month, Stefan Zorn and Sanjib Mukherjee weren’t on the list. Maybe because they were external hires and not promoted internally? I dunno. But Zorn and Mukherjee both recently bolted Deloitte as managing directors to become principals at the House of Ryan. Zorn recently […]

This Is Not Good, KPMG. Not Good At All.

Here’s some less-than-stellar news about the Queen’s KPMG from today’s Financial Times: KPMG faces a record fine of more than £15m after advising bed manufacturer Silentnight on the sale of its business despite the accountant’s “conflict of interest” with the buyout fund that bought it. An independent tribunal found that KPMG and one of its […]

PwC Is a Name You Can Trust … Or So It Claims

Hey all you Trusty McTrustersons! Here’s an excerpt from a post Trusty Tim Ryan published today on LinkedIn explaining something new at PwC called The New Equation: What we know is that trust will be the defining factor in how businesses are able to achieve both profit and purpose – so in the US, we are aligning […]

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

Andrew Yates has put together a squad—six men (including Yates) and six women—who will act as his right hand when he takes over as CEO of KPMG Australia on July 1. One of the members of KPMG Australia’s new National Executive Committee is a recent refugee of PwC, according to a press release: External hire, Dorothy […]

Promotion Watch ’21: Here Are the 14 Newest Deloitte Consulting Partners In India

The newly minted partners at Deloitte Consulting in India started their sweet gigs a couple months ago. The firm didn’t put out a press release about their achievement, but fortunately President Romal Shetty gushed about the 12 men and two women on LinkedIn. Here’s the group of 14 at Deloitte India who will finally get […]

EY Global CEO Carmine Di Sibio Spotted at Tonight’s New York Islanders Playoff Game

A tweet tonight from ESPN senior NHL writer Greg Wyshynski: Wow #JerseyFoul pic.twitter.com/d9XDWuWlts — Greg Wyshynski (@wyshynski) June 9, 2021 OK, so it’s likely not Carmine. But Adrienne and I can’t figure out why the hell somebody would pay good money to have that name stitched on the back of their Islanders jersey. I said […]

Deloitte Is Currently Recruiting Chads With Yee Yee Ass Haircuts

Imagine my surprise when innocently browsing Reddit while on the can the other night and stumbling across the r/justfuckmyshitup x Deloitte crossover I never knew I needed. Some highlights from the comments: Don’t get this haircut and definitely don’t work at Deloitte either. You ever heard of wlb? It’s obviously a large firm with many […]

Promotion Watch ’21: PwC Admits 210 New Partners and Principals

It’s promotion season at PwC, and the newest batch of chosen ones will officially become partners or principals on July 1 after they kiss Tim Ryan’s ring. Of the 210 individuals promoted, 116 will be partners and 94 will be principals. This year’s class of 210 new partners and principals is the smallest since 2015, […]

KPMG Poaches Someone From EY and Issues a Press Release, Part VI

Poaching season never rests, especially in the U.K. In today’s edition of “Big 4-on-Big 4 Poaching From Around the World,” Ian Wood can get his old KPMG coffee mug out of storage because he’s back at where it all began, this time as part of the firm’s Energy Lead Advisory team. According to a press […]

Promotion Watch ’21: Deloitte Canada Adds 29 New Partners

While these 29 individuals at Deloitte Canada were promoted to partner at the beginning of the year, it’s not too late to recognize this class of 16 men and 13 women for their unyielding love of all things D-town. Among service lines, consulting leads the way with 15 new partners, followed by tax and legal […]

EY Just Bought Some Really Expensive Pancakes

In late 2019, we learned that EY thinks women are a bunch of dumb sluts who need to be told to cover up the goods in a professional setting, so much so that a day-and-a-half long “leadership seminar” held at the firm’s Hoboken office in 2018 focused intently on this bit (er, their bits?). HuffPo […]

Deloitte Just Gave the Malaysian Government Several Wheelbarrows Full of Ringgit

From the Ministry of Finance in Malaysia earlier today: The Government has received a settlement payment of RM336 million (US $80 million) related to 1Malaysia Development Bhd (1MDB) from Deloitte PLT. In a statement today, the Ministry of Finance (MoF) said the money had been deposited into the Assets Recovery Trust Account. “To date, the […]

EY Poaches Someone From Deloitte and Issues a Press Release, Parts III and IV

In today’s edition of “Big 4-on-Big 4 Poaching From Around the World,” EY has added a couple of ex-Green Dotters to its partnership ranks in the U.K. and Australia. David Bowen announced on LinkedIn in early May that he would be leaving Deloitte U.K. to become a partner and lead EY’s family office advisory services […]

KPMG Managing Director Alan White Will Be Laid to Rest on June 3

A memorial service will be held in West Virginia on Thursday morning for KPMG Managing Director James Alan White who passed away in Dallas on Oct. 22, 2020. Internment will follow the memorial service, according to his obituary. White, who would have turned 56 on June 16, was born in Charleston, WV, and was a […]

Promotion Watch ’21: Deloitte Australia Admits 70 to the Partnership

The smell of new partners is in the air in Australia, as the Australian Financial Review recently reported on the 70 newest rainmakers at Deloitte. Of the 70 new partners who officially get promoted on July 1, 35 work in consulting, 12 in audit and assurance, eight in financial advisory, six in risk advisory, six […]