Big 4

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 […]

ey orlando

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 […]

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

Last week 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, this most recent round of raises lived up to the hype. But a week or so before PwCers […]

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 […]

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

(Updated with a comparison of average raise percentages per promotion between 2021, 2019, and 2017.) 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 endure massive workloads during […]

#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 […]

EY’s Europe Restructuring Is Just ‘Rearranging the Deckchairs on the Titanic’

“This is rearranging the deckchairs on the Titanic. To regulators, they have always been giving warnings that if you close one down, we will be the Big 3 – so leave us alone, as we are ‘too big to fail’. Fundamentally, it’s the leadership culture and aggressively commercial model of these firms which is broken […]

EY Learns That LGBT People Just Want to Collect a Paycheck Like Everyone Else

June is soon upon us which means rainbows slapped across corporate social media pages far and wide as a way for companies to say “hey, we’re OK with gay!” Which, I mean, that’s cool and all but maybe we’ll achieve a point in our lifetimes where people of all backgrounds can feel welcome and accepted […]

Oh Look, a Pissed-Off Stockholder Is Suing Mattel Directors and PwC

While a potential class complaint filed against Mattel and its auditor PwC by a group of Mattel investors currently sits in the U.S. District Court for the Central District of California, a separate lawsuit against directors of the global toy giant’s board and PwC was filed on May 21 in Delaware Chancery Court by a […]

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

In today’s edition of “Big 4-on-Big 4 Poaching From Around the World,” we head to London where Jill Trafford finally got an invitation to participate in games Big 4 partners play. She announced her promotion at EY on LinkedIn earlier this month: With EY dangling a promotion to partner, Trafford decided to dip from her […]

Hywel Talks Hybrid At EY U.K.

“We have championed flexible working for many years prior to COVID-19 and we will continue to do so. This has been built on a culture of trust with our people. We also believe there will always be a need for EY to have office space across the U.K., but how we use our offices in […]

Old Guy Wearing KPMG Hat Wins At Golf

Congrats to KP(hil)MG’s most beloved and valuable employee for winning his second PGA Championship on Sunday—his sixth major overall—and for becoming the oldest major champion ever at age 50. Phil Mickelson and his blue KPMG hat shot a one-over-par 73 during the final round of the PGA Championship on Sunday, finishing with a two-shot lead […]

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

After spending 15 years working at PwC in the U.K., Switzerland, and the United Arab Emirates, Mohamed Serokh has joined the Big 4 firm with the most valuable brand in professional services: Big D. Because the PR wizards at Deloitte Middle East hadn’t yet sent out a media release announcing Serokh as the firm’s newest […]

EY Had An Office In Gaza Media Tower Leveled By Israeli Air Strike

Thanks to a tipster who sent us a link to a Facebook post from Saed Abdallah, a partner at EY Palestinian Authority: The missile strike on the 12-story al-Jalaa building in Gaza City was carried out by Israel because it claimed the building was also used by the Islamist militant group Hamas. The building, which […]

Number of the Day: $26.7 Billion

Deloitte has the most valuable brand among commercial services firms worldwide, as the Green Dot is valued at $26.7 billion, according to the 2021 Commercial Services 100 report from Brand Finance. However, the value of the Deloitte brand slipped nearly 18% in the past year—from $32.5 billion in 2020 to $26.7 billion—due to the Rona, […]

RIP James Alan White, Managing Director at KPMG In Dallas

Just saw on my Twitter feed the sad news that the remains of James Alan White, the KPMG managing director who went missing last October, were found Thursday afternoon and identified by the Dallas County medical examiner’s office on Friday, according to the Dallas Morning News. The newspaper reported: Dallas police said that a survey […]

Due to a Lack of 12-Year-Olds to Run This By, EY Israel Totally Missed the Double Entendre In This Brochure

*snort* Via the tip box: You can’t make this up! I don’t know if a double entendre was intended, but it definitely raises questions. Some have been commenting, why can’t there be penetration and protection?

KPMG Can’t Get Out of Class-Action Suit Filed By Miller Energy Investors

A Tennessee federal judge on May 7 greenlighted class certification in a multiyear lawsuit against KPMG by investors of the now-defunct oil and gas company Miller Energy Resources Inc., despite KPMG’s best efforts to get the lawsuit thrown out. According to Law360, U.S. Magistrate Judge Debra C. Poplin had recommended that the Miller Energy investors […]

KPMG Poaches Someone From PwC and Issues a Press Release, Parts XII and XIII

In today’s edition of “Big 4-on-Big 4 Poaching From Around the World,” we have two more examples of PwCers hoping the grass is more greener at KPMG. First, we go to Scotland where Rob Aitken left PwC to become KPMG’s newest transaction services director in Aberdeen. The website Insider.co.uk got some information about KPMG of […]

Guy Would Rather Play Pickleball Than Spend One More Minute Working at Deloitte

Working at the Big 4 has gotten so bad that one auditor, Zane Navratil, decided to become a professional pickleballer instead of continuing his public accounting career at Deloitte. Spectrum News 1 reported: In July 2020, in the middle of the coronavirus pandemic, Navratil decided he was going to quit his day job as an […]

Bonus Watch ’21: EY UK Is Paying Employees a ‘Lockdown Bonus’ Even Though It May Encourage a Dreaded Entitlement Mentality

At the end of March, the Queen’s Deloitte announced in a firm-wide webcast that thanks to employees’ hard work and determination throughout the pandemic the firm would be giving them up to £2,000. You know, as a way to say “hey, sorry we had to cut back when the panini scared the shit out of […]

Even EYers Think PwC Is a Better Firm Than EY

Leave it to EY to turn a call with staff into a high school pep rally. And leave it to one EY employee to hilariously try to torpedo it. This was posted on Fishbowl earlier today: The funny thing is another EYer who was on that call told us he/she was considering doing something similar […]

Will Class Be In Session For Investors Suing Mattel and PwC Over Accounting Error Cover-Up?

Ah, we have an update on the class-action suit filed against Mattel and its longtime auditor, PwC, by investors who claim Mattel’s finance team and PwC auditors covered up an accounting error that affected the toy giant’s financial results toward the end of 2017. Bloomberg Law reported today: Mattel Inc. investors who accused the company of […]

KPMG Proves Its Commitment to Women By Firing the Guys Who Expensed Strippers and Gave Interns Alcohol Poisoning

Determined to steal the crown from public accounting’s reigning fuck-ups (that’s EY for those of you out of the loop), a group of former KPMGers are doing their best to bring shame upon their former firm now that news of their “boys’ night out” shenanigans has reached the unwashed masses. And they have the Australian Financial […]

The Fortune 100 Best Companies to Work For: EY #41 (2021)

Bringing up the rear among the Big 4 firms in the 2021 F100BCTWF is EY at No. 41. The good news is, even after all the cringey decisions EY leadership made over the past year—temporarily shelving performance-based bonuses, getting rid of senior manager promotion bonuses, giving raises only to EYers who went up in rank, […]

Qualified Woman Obviously Pissed She Was Passed Over for KPMG U.K. CEO Job Eventually Given to Guy (UPDATE)

UPDATE: Mary O’Connor quit. According to the Financial Times, she said: “I am privileged to have been able to make a significant contribution to rebuilding the trust in our business and to help set it on the path to even greater future growth. However, I have decided that my corporate experience and approach are now […]

Turnover at Deloitte Must Be Pretty Bad If They’re Trying to Recruit People They Kicked to the Curb a Year Ago

A screenshot of a LinkedIn post by an ex-Deloitte employee made its way to our inbox this morning: BTW, this person is currently employed and no longer works in public accounting. Now that people are voluntarily leaving the Big 4 en masse, desperate times call for desperate measures, I guess. Related articles: Layoff Watch ’20: […]

KPMG Rocks signs held by a woman in a KPMG shirt

The Fortune 100 Best Companies to Work For: KPMG #39 (2021)

Following one spot behind PwC at No. 39 in the 2021 F100BCTWF is KPMG. One of the biggest things that happened at the Radio Station during the pandemic was (no, not Phil turning 50) a change in leadership. Lynne Doughtie led the troops for the first few months of the Rona outbreak, trying to convince […]

Pittsburgh Man Who Was Strangled to Death By a Friend In Hawaii Worked For Deloitte Consulting (UPDATE)

It’s been several weeks since we wrote about the Hawaiian vacation amongst three friends that turned deadly, so let’s catch you up on the latest. First, Benjamin Fleming of Pittsburgh, who was charged with manslaughter in the death of his friend and Carnegie Mellon University classmate Abhishek Gupta, who worked for Deloitte Consulting, was allowed […]

The Fortune 100 Best Companies to Work For: PwC #38 (2021)

Next up in the 2021 F100BCTWF are the darlings of the Big 4, PwC. Somebody on one of the chatter sites said recently that the reason why PwC attracts so many new recruits, capital market servants from other Big 4 firms, and has such a good reputation is because it has a charismatic and very […]

RIP Greg Pellegrino, Deloitte Executive Branch Affairs Leader

Very sad news out of Virginia as we learned this morning that longtime Deloitte Government & Public Sector Principal Greg Pellegrino died after a single-car accident in Loudoun County, VA, on April 25. He was 55 years old. According to Patch.com, the accident occurred at the intersection of Lime Kiln Road and Snickersville Turnpike. The […]

The Fortune 100 Best Companies to Work For: Deloitte #34 (2021)

Earlier this month, Fortune came out with its latest installment of the 100 Best Companies to Work For, and the biggest surprise is who didn’t make this year’s list. After a three-year run, Crowe fell out of the top 100. Why? We can only speculate, but with a big focus by Fortune this year on […]

EY to Staff: Pledge Allegiance to the United States of EY or Go Find Another Job

Not sure if y’all have heard but EY has really been struggling to not look like total jackasses in recent history. The reputational fallout really started back in October 2019 with that whole waffles and pancakes debacle, a training exercise that told female executives at EY to stop being so shrill and to put their […]

Vault Accounting 50: Get a Load of These New 1- and 2-Star Reviews About Working at PwC (2022)

A lot of bouquets were thrown PwC’s way in the 2022 Vault Accounting 50: best overall accounting firm to work for; most prestigious firm; and the best firm for formal training, hiring process, audit and assurance, forensic accounting, and tax accounting. Not to mention PwC was ranked highest among the Big 4 in diversity, specifically […]

Vault Accounting 50: No Stopping PwC In Latest Prestige Rankings (2022)

In the 16 years that Vault has ranked public accounting firms by prestige, only three firms have taken the title of “most prestigious”: EY (2007), Deloitte (2009), and PwC (2008; 2010-current). With the release of Vault’s 2022 Accounting 50 last week, that’s 13 straight years now that PwC has been viewed by accountants as the […]

Audit ‘Reform’ In the UK: The Government Finally Speaks, and Says Little

On March 18, the UK government weighed in with its long-promised consultation paper (the “Consultation), “Restoring Trust in Audit and Corporate Governance.” Ninety-eight questions, spread over 232 pages, contain much that is cautious and little that is innovative. The problem is, what is cautious would not innovate, and what would innovate is not cautious. For another day, […]

Listicle of the Day: Firms That Have Topped the Vault Accounting 50

Except for 2012 when the Purple Rose of Chicago shockingly was named the best accounting firm to work for, a Big 4 firm has been ranked No. 1 in all the other Vault Accounting 50s. Which firm has led the most through the years? Obviously the most prestigiousiest one: PwC: 9 Deloitte: 1 EY: 1 […]

Vault Accounting 50: PwC Remains No. 1; Top 5 SALY (2022)

How much do Big 4 people really care about Vault’s annual Accounting 50? PwC, Deloitte, and KPMG and their employees probably care way more about the ranking than EY and its employees because those firms routinely comprise the top three positions. EY, on the other hand, hasn’t participated in Vault’s annual survey of accounting professionals […]

German Investigator Can Confidently Prove EY Was Unbelievably Bad At Auditing Wirecard

Bloomberg reported on Saturday: A special parliamentary investigator lists far-reaching shortcomings in Ernst & Young’s audits of Wirecard AG before the German financial technology company collapsed last year, a person familiar with the report said. The investigator lists about 11 incidences where EY failed to take measures to uncover the multibillion fraud, said the person, who spoke […]

Guy Speculates On How PwC Decided to Give $250 Vacation Bonus to Employees

What our esteemed former colleague Caleb Newquist wrote in yesterday’s Gusto “On the Margins” newsletter is probably closer to the truth than not: I can just picture Tim Ryan at the head of a long table with lieutenants sitting around racking their brains for ideas. “How do we show people that we’re serious about them taking […]

Important Audit Professional Takeaways from Botta v. PwC Closing Arguments

Closing arguments were held on April 13 in the bench trial of audit whistleblower Mauro Botta vs. PricewaterhouseCoopers. Botta, a former PwC senior manager, claims that he was wrongfully terminated by PwC in retaliation for making a whistleblower report to the SEC. Botta’s whistleblower report alleges that PwC had compromised its independence by acquiescing to […]

Believe It or Not, Deloitte and EY Have Some Prestige In the Banking World

It’s a given every year that the Big 4 firms will end up in Vault’s rankings of the best and the most prestigious accounting and consulting firms to work for. But banking? Yeah, last year I found out that’s a thing, for Deloitte and EY anyway. In Vault’s 2020 Banking 50, Deloitte Corporate Finance was […]

EY Poaches Someone From PwC and Issues a Press Release, Parts IV and V

In today’s edition of “Big 4-on-Big 4 Poaching From Around the World,” we’re focusing on the strategy consulting arms of PwC and EY in Australia, as Miles Tam recently left PwC’s Strategy& as a director to join the partnership at EY Port Jackson Partners. In addition, EY Port Jackson Partners lured Chris Paxton away from […]

KPMG U.K. Partners Seem to Like This Jon Holt Guy

KPMG in the U.K. made it official this morning that head of audit Jon Holt will replace Bill Michael as the firm’s new CEO. The U.K. House of Klynveld said: KPMG in the UK has confirmed that following a partnership vote, Jon Holt has been elected with overwhelming support as the firm’s Chief Executive. He […]

Botham Jean’s Killer Is Appealing Her 10-Year Prison Sentence

Amber Guyger, the former Dallas cop who was sentenced to 10 years in prison in October 2019 for murdering PwC accountant Botham Jean in his apartment a year earlier, has an appeals hearing scheduled for later this month. The NBC affiliate in Dallas-Fort Worth reported last month that Guyger’s hearing will begin at 1 p.m. […]

Deloitte Consultant Not Charged In the Death of a Pittsburgh Man Following an Altercation In Hawaii

[Updated on April 2 with additional information.] A consultant with Deloitte was released from jail and not charged with a crime following an altercation that turned deadly between roommates at a vacation rental complex in Hawaii earlier this week. Benjamin Fleming, 37, of Pittsburgh was charged with manslaughter on March 30 in the death of […]

KPMG Agrees to $10 Million Deal with Female KPMGers In Lengthy Gender Discrimination Case

It took 10 years but an age bias lawsuit first filed against KPMG in 2011 by former senior manager Donna Kassman that now includes eight other plaintiffs and hundreds of other KPMG ladies, a vast majority of whom no longer work for the firm, is finally reaching the end of the road. Law360 reported yesterday: […]

Successful Whistleblower Slings Some More Mud at EY

“I didn’t feel I had a choice. I had to fight for justice. And any cursory examination of the facts of the case showed that I was clearly in the right. Given that, I have never been able to understand why EY fought a losing battle for so long.” — Amjad Rihan, a former audit […]

You Can Now Drive By Dallas Police HQ on Botham Jean Boulevard

Back in January we told you guys about the Dallas City Council approving to rename a four-mile stretch of South Lamar Street, including where the Dallas Police Department’s headquarters is located, in memory of Botham Jean, the PwC accountant who was murdered in his apartment by a Dallas police officer in September 2018. Botham Jean […]

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

Hey. Hope you are having a good Monday so far. Danielle Malone wasn’t as scared of KPMG coming after her as the dog in the video we posted on Sunday. In fact, she actually left PwC in Australia (the biggest of the Big 4 in terms of revenue) to join the Australian House of Klynveld […]

Tweet of the Day: KPMG Frightens Dog

Alternate title: When You Receive Offers From Both KPMG and PwC. pic.twitter.com/czY7qWpzWo — TheBig4Accountant (@TheBig4Tweets) March 28, 2021 Have a good rest of the weekend.

Another Big 4 Firm Sticks It to Women

[Updated on March 25 with information on the leading CEO candidate at Deloitte Australia.] You can cross EY Oceania off the list of potential landing spots for a woman CEO of a Big 4 firm, as David Larocca, currently the managing partner of EY Oceania’s Strategy and Transactions business, will take the reins from CEO […]

Bonus Watch ’21: At Least Deloitte U.K. Gave Its Employees Money As a Thank You Gift Instead of a Lame Pizza Party

For some reason Big 4 partners think buying their capital market servants pizza will make everything all better. Here, have a free slice of pepperoni or two as a token of our appreciation for working those 80-plus hours last week. Your employees are adults, not elementary school children. But some of my favorite public accounting-related […]

PwC Peeper Finally Gets Jail Time For His Upskirt Photo Fetish

Leon Chan just couldn’t stop taking photos up girls’ skirts. This dude, who used to work for PwC, had 1,700 upskirt pics saved on his iPhone when he was arrested in July 2019 at the Topshop clothing store in London after getting caught taking photos of a female shopper bending over. The crazy thing is […]

EY’s Kelly Grier Is Eager to ‘Forge a Path Forward’ to Coworkers Disturbing Your Concentration at the Office Again

If introverted EYers were expecting another quiet Monday as a socially-accepted hermit in these troubling times they were in for a surprise this morning when EY Chair Kelly Grier came crashing into their inboxes with an update on the big post-COVID plans. Spoiler: it involves making yourself available in the office. The following email has […]

If You Asked Unemployed Californians Their Favorite Big 4 Firm It Definitely Isn’t Deloitte

In case you’ve been out of the loop — which we hope you are since it likely means you’ve managed to stay gainfully employed throughout this past dumpster fire of a year — Deloitte has gotten quite a bit of hate of late over their handling of certain state unemployment systems. The most notorious has […]

It’s Bonus Bonanza Time at Deloitte and PwC In India

Nearly a week after Deloitte in India said it would give all employees either a bonus or a straightforward increase in salary this month as the firm bounces back from a pandemic-related malaise, PwC leaders in India are also sharing the wealth with employees as a “token of appreciation” for hanging in there during the […]

Deloitte Australia CEO Resigns, Says Leading Firm Through Pandemic ‘Has Come At Some Personal Cost’

In an announcement that reportedly stunned Deloitte Australia partners and staff, CEO Richard Deutsch resigned today after spending two and a half years on the job, the Australian Financial Review reported. “After a difficult and unprecedented year and following much personal reflection, today I announced my resignation as CEO,” Mr Deutsch told partners and staff […]

Big 4 Firms’ Reward Structure Contributes to Their Bullying Ways, Says Guy

“This is a constant Darwinian contest of survival of the fittest. We need a much better Big 4. Let’s hope the generation coming through will finish off this archaic system of tutelage and abuse based on the dream of the million pound pay day.” — Ken Charman, CEO of uFlexReward, a London-based data company that […]

PwC Building In New Zealand Evacuated After Bomb Threat

PwCers who work in the firm’s building in Wellington, New Zealand had a bit of a scare earlier this morning after they were evacuated following a bomb threat. Police are responding to an incident on Wellington's waterfront. Multiple officers & police cars are stationed outside the PWC building. Public area outside has been cordoned off. […]

Dysfunctional Couple Deloitte and the State of Florida Share a Victory In Court

On the same day Deloitte Consulting executives were taking haymakers from Florida senators during a hearing on the recent failures of the state’s unemployment system that the firm built, Deloitte and the state of Florida scored a win in the courtroom as a circuit judge threw out a class-action lawsuit against the toxic couple over […]

Another Big 4 Executive Bites the Dust In the U.K.

The big news last week in the U.K. wasn’t the sale of KPMG’s restructuring unit but the resignation of Dimple Agarwal, Deloitte’s diversity and inclusion chief. The resignation attracted widespread attention as Agarwal allegedly harassed younger staff and spoke aggressively to them. Agarwal’s resignation came less than a month after Bill Michael stepped down as […]

Guy Suing Deloitte Australia Can’t Believe Everyone At the Firm Is Giving Him the Cold Shoulder

“[This is] in circumstances where my client is finding it very difficult to remain in the partnership and has lost the trust of his partners.” — Paul Moorhouse, the lawyer representing Deloitte Australia partner Colin Brown, said in federal court on March 5. Brown, an audit partner, is accusing Deloitte of age discrimination by unfairly […]