August 19, 2022

Big 4

If it happens at a Big 4 accounting firm, we’re talking about it here.

Here’s the Deck EY Put Together to Sell the Audit/Consulting Split to Staff

Australian Financial Review has published slides shown to EY staff in a July global webcast led by Carmine Di Sibio and in them we learn more about EY’s plan — code-named Project Everest — to split off consulting and audit. First up, the why. “The transformative forces reshaping professional services are evolving at unprecedented speed and […]

Only One Big 4 Firm Made This Top 100 Internship Programs of 2022 List, You’ll Never Guess Who

DEI and Early Talent Recruitment platform provider Yello has released its sixth annual Top 100 Internship Programs List to highlight “companies across all industries who have gone above and beyond for their interns.” This year’s winner is Boeing with the remaining 99 on the list unranked. Companies nominate themselves for consideration and the anonymized judging […]

Compensation Watch ’22: Is EY Forgiven For Not Handing Out Mid-Year Raises?

First it was Deloitte, then PwC, and most recently EY that waded into the Big 4 compensation discussion waters with its employees. We’ve written quite a bit over the past several months about EY being the only Big 4 firm that didn’t give its grunts a mid-year salary adjustment. But Uncle Ernie did make one […]

Would You Rock These KPMG Kicks?

A simple yes or no will suffice.

Word Hits TikTok That Big 4 Firms Are Cheap Bastards, “It’s Modern Day Slavery”

Deloitte Australia is trying to be transparent by releasing salary data but apparently this tactic isn’t working, not with Daily Mail writing headlines like Young Aussie reveals why many millennials no longer want to work in corporate jobs – after boomers said the generation was ‘lazy and entitled’ that is. Here’s the TikTok that inspired […]

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

Last month KPMG made a big deal in a press release about how it had added eight partners and managing directors to “advance its Tax Reimagined service offering.” Good for you, KPMG. But what’s somewhat interesting is that the eight new partners and managing directors came from two other Big 4 firms, one of which […]

Hoping Everyone Has Forgotten About All the Scandals, KPMG UK Is Bidding for Government Contracts Again

Late last year KPMG UK decided to stop bidding for government contracts for a bit while they worked out some scandals, piss poor audit quality, and client collapses. Well, it wasn’t so much that they decided but rather that the government threatened them and told them to get their shit together or they’d be banned […]

Everyone Knows 11-Year-Olds Can’t Wait to Work at Deloitte

Why do people post this crap on LinkedIn. Thanks for doing your part to feed the pipeline, ma’am.

How Do You Know When It’s Time to GTFO of Big 4? One Manager’s Opinion

Came across this on r/big4 this morning, let’s remember half of what you see on Reddit is just someone’s creative writing exercise and people who claim to make $200k/yr are often 14-year-old larpers but hey what kind of weirdo would pretend to be a Big 4 manager on the internet. Read on. I don’t think […]

Let’s Take a Quick Tour of EY’s Metaverse Space (It Doesn’t Suck)

When the first glimpses of KPMG’s metaverse space appeared earlier this summer, my first thought was how much it looked like first-person shooters I played 20 years ago. I was also struck with a sense of deja vu, it looked oddly similar to the Maryland Association of CPAs’ CPA Island in Second Life which existed […]

Here’s How Much Auditors and Consultants at Deloitte Australia Make

Deloitte Australia is putting it all out there and revealing exactly how much its people make. Australian Financial Review reports: Deloitte Australia chief executive Adam Powick has revealed the minimum pay rates for the firm’s audit and consulting divisions as part of a strategy to be more transparent with staff and attract more skilled professionals. […]

Happy 125th Birthday, KPMG!

Today is August 2 and KPMG is turning 125! Way to prove the naysayers wrong as they pointed and jeered and insisted that we’d be down to just three Big 4 firms by the end of the 2010s. YOU GO, KPMG. Don’t listen to those haters. There’s a press release because of course there is: […]

Los Angeles Might Outsource Its 211 Phone Service to Deloitte and People Are Not Happy

Deloitte Consulting might be picking up a new client: the downtrodden of Los Angeles County. ABC7 reports: Los Angeles County’s nonprofit “211LA” hotline to health, human and social services is on the verge of being turned over to a private company, pending a vote by the county’s Board of Supervisors. The supervisors are slated to […]

The Accounting Profession is Scaring Away Gay People (and Lesbians, and Transgender People, and…)

Despite accounting firms changing their Twitter logos to rainbows for the month of June, a shocking number of LGBT accountants are straight up leaving the profession because they feel they don’t belong. This is very bad news considering how shallow the talent pool is to begin with. Thomson Reuters on IMA and CalCPA research: LGBTQ+ […]

Big 4 Global Revenue Numbers For 2022 Have Started to Trickle Out

While not officially official yet, two of the Big 4’s global CEOs recently teased how good things were revenue-wise at their respective firms in 2022. In an interview with the Financial Times earlier this month, PwC’s Bob Mortiz said the firm’s global revenue for its most recent fiscal year would be close to $50 billion, […]

A Senior Partner Who Has Probably Been Burned Out Since 1997 Gives Tips on Avoiding Burnout

Why do I feel like this screenshot is going to end up on r/thanksimcured? Now this may be blasphemy to say this around these parts but he’s mostly right. Exercise? Hell yeah, great for you. Healthy eating? Also great for you, those takeout dinners can really take a toll on your health. Passion projects? Super […]

Is It Time To Break Up With Your Big 4 Firm? A Quiz

Some of you are familiar with the ubiquitous Cosmopolitan Magazine quiz and for those of you who aren’t, well, sorry you’ve never quantified your sex life using a five question quiz developed by some sassy intern. Today we’ve got one of our own. Is It Time To Break Up With Your Big 4 Firm? Pick […]

Deloitte’s Prized Playground Might Be Getting An Upgrade (UPDATE)

[UPDATE] Deloitte University, aka Deloitte Disneyland, will be getting some new attractions now that Tarrant County commissioners approved tax breaks for Deloitte to proceed with a $300 million expansion of its training center campus in Westlake, TX. The Dallas Morning News reported on July 26: Commissioners unanimously approved a 10-year deal that could save the […]

PwC’s Summer Break Works, Says Tim Ryan

From a recent CNBC article on company-wide vacation breaks to foster employee well-being: Feeling revitalized is what many employees and their employers both want. Starting this year, accounting and consulting firm PwC is giving its 60,000 U.S. employees two annual company-wide, week-long breaks — one in July and one in December — in addition to […]

Mass Exodus at KPMG or Just a Day Ending in Y?

Meanwhile, in the Asia-Pacific (India, we think)… Twelve years ago my esteemed former colleague Caleb Newquist got clowned for calling six resignations at KPMG NYC an exodus so we’ll refrain from warnings about skies falling down for now.

Deloitte Has Calculated the Tangible and Intangible Value of the Roman Colosseum Because of Course They Did

Deloitte got their calculators out and put a dollar value on The Colosseum of Rome, the largest amphitheater built during the Roman Empire, the largest standing amphitheater in the world today, and top Italian tourist destination. Despite listening to Tiziano Ferro for 20 years, my Italian sucks so here’s Google’s translation of the newly released […]

This EY Canada Recruitment Video Said ‘Belong’ So Many Times the Word Lost Its Meaning

You ever repeated a word so many times in a row the word becomes alien? Belong. Belong. Belong. Belong. Belong. Belong. Belo…..

Deloitte Is Getting a Service Doggo!

We are putting aside our usual bitterness toward Big 4 firms for a moment here because PUPPY. Deloitte is getting a dog! We’re excited to share that @deloitte is getting another #puppywithapurpose 🐶💪– deepening our commitment to #veterans and their families. Before our puppy officially joins – he needs a name! Naming contest is open […]

KPMG UK Somehow Won’t Be Getting a Record Fine From the Financial Reporting Council For Carillion Mess (UPDATE)

[UPDATE] The Queen’s KPMG was finally, officially fined £14.4 million by the Financial Reporting Council earlier this morning for all the stupidity that happened during the 2016 audit of collapsed construction and services company Carillion, as well as for the mistakes that occurred in its 2014 audit of IT software company Regenersis. KPMG UK and […]

UK Audit Watchdog Says Deloitte Is Doing Some Good Auditing Across the Pond

Deloitte is doing a great job keeping the Financial Reporting Council happy these days. Per the FRC’s recently released 2022 Audit Quality Inspection and Supervision Report, the audit watchdog is pleased with the progress the firm has made and the absence of serious deficiencies: In the 2020/21 public report, we concluded that the firm had […]

EY Is Leaving $10 Billion in Consulting Fees On the Table If It Doesn’t Split, Says Global Chairman Carmine Di Sibio

In comments to Financial Times, EY Global Chairman and CEO Carmine Di Sibio says splitting consulting and audit “would win its consulting division up to $10bn in extra fees by liberating it from conflicts of interest that block partnerships with the world’s largest tech groups.” Those consulting fees are as yet out of EY’s reach […]

KPMG Poaches Someone From Grant Thornton and Issues a Press Release, Part IV

It‘s been awhile since we paid attention to people leaving Grant Thornton for KPMG and vice versa, but this news that was made public yesterday is a biggie: well-known Grant Thornton Chief Economist Diane Swonk turned in her purple rose after more than four years with the firm and has joined the House of Klynveld […]

A Labor Shortage in Singapore Is Forcing Big 4 Firms to Cough Up Higher Salaries

Picture it. Singapore. 2022. Bloomberg reports: The Big Four accounting firms are showering staff with pay increases in Singapore, where an acute labor shortage is driving a fierce contest for talent. PricewaterhouseCoopers LLP and Deloitte LLP lifted base salaries starting from July 1, according to internal documents from the two firms reviewed by Bloomberg News. […]

Compensation Watch ’22: Does the New Equation Add Up to Better Raises For PwC Employees? (UPDATED)

[Updated original post from July 2 with new raise percentages for A2->S1, A3->S1, and S1->S2; added raise percentages for 2015, 2014, and 2013.] Now that raises have been doled out at Deloitte, next up is PwC. This is the first compensation cycle in the era of the New Equation, which is just a fancy way […]

PwC Director Lets His Family Know He Probably Won’t See Much of Them on Their Family Beach Vacation (UPDATED)

This is so sad. This is almost as bad as the time Moss Adams boasted about how this one guy would be working on dual monitors at the pool all weekend because flexibility. Update: We received the following this morning, thought we’d share. Nice try with the hate toward someone and their family. This guy is […]

Pittsburgh Man Acquitted of Manslaughter In the Death of Deloitte Consultant

A jury in Honolulu reached a not guilty verdict on July 11 in the manslaughter trial of 39-year-old Pittsburgh resident Benjamin Fleming who was charged last year in the death of his college classmate and Deloitte Consulting employee Abhishek Gupta while the two vacationed with another friend in Hawaii. “I emphasized throughout the trial that […]

EYers Are Waking Up to Overdrafts This Morning Due to a Serious Payroll Snafu (UPDATED)

We’re learning this morning that folks at EY will not be getting lunchtime DoorDash today, their paychecks from last Friday have been unceremoniously yeeted from their bank accounts. Per a tipster: There’s a payroll snafu of some sort at EY and seems just about everyone had their payroll reversed. Mass panic and overdrafts. And a […]

The KPMG Australia Cheaters Have Been Disciplined, Much Slapping of Wrists All Around

Back in May Australian Financial Review reported that 12 of the 422 KPMGers who took part in systemic exam cheating would be put through the Chartered Accountants ANZ individual disciplinary process. That process has now concluded. Here’s the update from CA ANZ: Chartered Accountants Australia and New Zealand (CA ANZ) takes all allegations of academic […]

Senior Managers Out of F*cks to Give Are Acting Up in Review Comments

Saw this on Reddit this morning, good thing I grabbed it before it got deleted just like this Sr. Manager’s career. Text of the original post transcribed below: I’m a Manager, a Sr. Manager is leaving me profanity / border line insulting review comments – what to do. First time working with this guy and […]

Working 60-70 Hours a Week is ‘Fine’ Says Underpaid Big 4 Auditor Skilled in the Art of Minimizing

Check out this Big 4 auditor recently profiled on eFinancialCareers. Blink twice if you need work-life balance, buddy. I’m an auditor for a Big Four firm. Audit jobs don’t always have a good reputation: they pay less than some other Big Four jobs and offer less chance of making partner. But this is fine because […]

social media influencer setup

Exit Opportunities: Quit Auditing and Start Influencing

£3,000 ($3,600) a month. That’s how much Tanvi Shah made in audit before she decided to quit Big 4 for good and make her social media side hustle a full-time gig. Insider has the details: Shah said that before giving up her corporate job, managing a side hustle felt like having a double life. She […]

a man with binoculars

Big 4 Conflicts of Interest Are in Regulators’ Crosshairs, EY Tops the Independence Naughty List

There’s a story in the New York Times today about how EY “devised an elaborate arrangement” for nonprescription drugmaker Perrigo to avoid more than $100 million in taxes, an arrangement that was questioned by Perrigo’s then-auditor BDO. Perrigo did what any reasonable tax-avoiding nonprescription drugmaker would do and dropped BDO for EY, hence totally resolving […]

EY Continues Streak As Big 4’s Busiest Audit Firm

EY has had a few firsts in recent years: first Big 4 firm with unlimited PTO, first audit firm to get a $100 million fine from the SEC, first Big 4 firm to compare men and women with waffles and pancakes, and first place among the Big 4 in public company audit clients for the […]

Promotion Watch ’22: EY Admits 1,033 New Partners Across the Globe

Move over, EY new partner class of 2021. There’s a much larger class of brand-new rainmakers at the firm this year: The EY organization announces that 1,033 people have been promoted to partner across the globe, the largest ever cohort of new partners. Women and the Assurance service line represent 32% and 33% of this […]

Some Guy in Montana Thinks Audit Firms Are Corrupt, Untrustworthy

Jim Elliott writes an opinion column for the widely-distributed Missoula Current (that’s a joke) and in today’s column he decided to address the EY cheating scandal. His familiarity with the ethics exam EY auditors cheated on begins and ends with a quick Google search but as an outsider to accounting and a member of the […]

large dollar signs in a field

Big 4 Firms Are Fighting Engineers Over the Right to Bill Clients For Climate Disclosure Audits

Interesting piece over at the Wall Street Journal this morning about environmental disclosures or, more significantly, who gets to charge clients for auditing this data under SEC climate disclosure rules proposed in March. Read: Firms that verify businesses’ climate data are at odds over who is qualified to perform the work, a pivotal and potentially […]

Happy 4th of July and Also a Lesson in How Not to Be

On this, the best holiday of the summer, let us all try not to be angry and bitter like this guy who got mad at KPMG for flexing Omaha Steaks on Facebook many years ago: Speaking of steaks, did they ever come back after The Great Unsteakoning of 2020? Stay safe out there everyone and […]

punctuation bubbles on a grey background

Who’s Smarter, Big 4 Accountants or Industry Accountants? A Debate

Yesterday we retweeted an observation about how the smartest people work at Big 4 firms hoping for some good discussion and discussion did in fact ensue. Decent discussion, actually. It warms my cold black heart to know that at least in our little corner of the internet people with differing opinions are still capable of […]

Let’s Bid EY U.S. Chair Kelly Grier a Fond Going Concern Farewell

Today is Kelly Grier’s last day building a better working world. So in honor of her retirement, we wanted to take a look back at KG’s career at EY, especially the last four years as the firm’s U.S. chair and managing partner and Americas managing partner, and all the fun Kelly Grier moments (fun for […]

facepalm statue

This 5 Year Old Fishbowl Thread About EY WBLs Aged Badly

“In real life you’re allowed to use other teams work papers, google, etc. there’s no difference” Digging around a bit for shits and gigs I found this, which was posted on Fishbowl five years ago: I know you’re just dying to hear what the Kool-Aid chugger EY6 said. Here you go: LOL. Full discussion on […]

distracted boyfriend meme

How Exactly Did EY Auditors Cheat on CPE Exams? Details From the SEC Order

With the EY cheating scandal making headlines even outside of our precious little accountosphere we decided to take a look at the full SEC order to answer the question — how and why were EY auditors cheating on CPE exams? This post will be long so we’ll get deeper into the CPA ethics portion of […]

A clueless executive

Deloitte Survey: C-suite Execs are Burned Out, Delusional, and Lack Empathy (And Also Want to Quit)

There’s some new Deloitte research out this week and it is hi-lar-ious. It seems executives have absolutely no clue what their underlings are going through, mistakenly think they’re doing a good job of making said underlings think they care, oh and they too are stressed AF and thinking about quitting their jobs. Man, things are […]

a confused man

EY New Hires Are Gonna Have a Tough Time Getting Straight Answers From Reddit For the Time Being

In case you’ve been in a 24 hour coma and missed the news, we heard yesterday of an EY cheating scandal that led to the SEC slapping them with a $100 million penalty, the largest ever imposed by the SEC on an audit firm. Well Reddit certainly didn’t miss the story. Good luck to any […]

a KPMG office

KPMG Will Pay the Department of Justice $307k For Discriminatory Job Postings

Apparently KPMG was discriminating against non-U.S. citizens in job postings? News to us. Now it’s news to you, too. Anyway, the firm was ordered to pay $306,656, the largest fine of the 16 total employers involved in the Department of Justice settlement. These civil penalties depend, in part, on the number of discriminatory advertisements employers […]

EY Auditors Cheated on Ethics Exams and Tried to Cover It Up, Will Pay a Record Fine for Naughtiness

Well this is bad. The SEC has fined EY a record $100 million after an investigation revealed auditors at EY were cheating on ethics exams (open book ethics exams we presume) and CPE; worse than cheating alone, they actively tried to cover it up and hide the cheating from the SEC. From the SEC news […]

Raises at the Queen’s PwC Are Better Than Other Big 4s But Still Not Beating Inflation

UK inflation is at a balmy 9.1% and rising, the job market is red hot, and accounting firm partners everywhere are digging through their kitchen junk drawers for all the buy-one-get-one pizza coupons they can find. It’s rough out there — for employers. eFinancialCareers is busy sharing details on Big 4 salaries across the pond […]

An EY Tax staff with no money

Former EY Partner Calls Newly-Released Tax Salary Data “Disturbingly Low”

Australian Financial Review said this morning they are in possession of tax salary data that EY is providing to some of its teams internally: Staff in EY’s tax division have learnt for the first time the salary ranges paid for graduates, consultants, managers and directors as part of a pay transparency drive at the big […]

Compensation Watch ’22: Deloitte Lifts the Lid on Raises (UPDATED)

[Updated post from June 6 with new data from Going Concern’s 2013 comp thread.] Big 4 compensation season kicked off a little more than a week ago when Deloitte employees got their comp statements and then proceeded to head over to r/accounting to whip it out and show it off for all to see. Since […]

Blue KPMG signage at entrance to their offices in Canary Wharf

KPMG CEO Pats His Firm on the Back For Being So Behind the Times, Roasts EY While He Does It

Sky News has obtained part of an internal memo KPMG Global Chairman and CEO Bill Thomas sent to firm partners earlier this month in which Mr. Thomas turns his nose up at EY’s plan to split consulting and audit practices. Some choice quotes from the memo: We are a partnership that has been strong and […]

EY Throws a Fit When Your Job Circumstances Change

I got an offer in a corporate role and turned in my two week notice at EY. Everything was fine: HR treated me well and wished me luck in the next chapter of my career. However, on my LAST DAY at EY, the new company rescinded their offer for reasons that I won’t get into […]

KPMG metaverse meeting space

KPMG’s New Metaverse Space is Like the First-Person Shooters You Played in 1999 But Worse

14 or 15 years ago I trolled Bill Sheridan of the Maryland Association of CPAs on Twitter about uncovering a weapons cache they’d stashed on CPA Island, a then-revolutionary virtual space in the game Second Life MACPA had set up for…accounting things. Back in 2008 CPA Island was the first (only? It never really caught […]

Partners Stand to Make Millions (Maybe) If EY Breaks Up

The big hurdle in EY’s plan to split audit and consulting lies in whether or not its partners want to take the risk per earlier Wall Street Journal coverage in which people familiar with the matter told WSJ its roughly 12,000 partners will need to vote to approve the spinoff. Well according to this it […]

Pitbull PwC Promo Day 2022

[UPDATED] Singer Pitbull Set to Perform His Worst Collaboration to Date

¡Dale! Remember Pitbull? I swear I had Culo on repeat for all of 2004 and some of 2009 when I suddenly got nostalgic for the raspy exclamation of “YEAH!” over and over. Well TB4A posted this last week on Insta… When he sent me this screenshot via Slack my esteemed colleague Jason Bramwell said: “Dude […]

PwC Chad vs KPMG Virgin

PwC UK is Being Very Picky About Who They Hire (Yes, Even in This Market)

PwC has whipped out their prestige and is wagging it around in everyone’s faces. eFinancialCareers reports that despite accounting firms everywhere struggling to recruit and retain any talent not just the best and brightest PwC is being picky about who it brings in: There’s been no shortage of applications for PWC’s student jobs this year. […]

a big green dot

Deloitte Shares Unique Data on How Many Bullies and Perverts Used to Work for Them

Deloitte Australia has disclosed stats on workplace misconduct and revealed how many people got punted as a result of internal investigations reports Australian Financial Review: Deloitte has investigated 145 misconduct allegations over the past year and found more than half, or 80, were substantiated, leading to 20 employees being “exited” from the consulting firm. The […]

EY Puts Its Money Where Its Mouth Is on Audit Quality With a Technology Investment

EY announced today it is making a $1 billion investment in audit technology just weeks after WSJ reported that the firm is in the process of splitting its audit and consulting arms. $13.6 billion of EY’s $40 billion global revenue last year came from audit. From EY: EY today announces an investment of more than […]

Deloitte "if you just follow, you'll never lead" sheep billboard

Deloitte is Coming to Take PwC’s Consulting Crown in Australia

News is slow over here in the land of Coors and corn syrup, let’s take a quick trip to Oceania. Via AFR: Deloitte is challenging PwC’s place as the largest consultancy by revenue in Australia as the firm posts a 19 per cent jump in income to $2.5 billion in the year to May. The […]

Promotion Watch ’22: PwC Admits 283 New Partners and Principals

PwC will be swimming in new partners and principals on July 1, the day when members of one of the largest classes in recent memory at the firm officially earn their stripes. Of the 283 members of the class of 2022 at PwC, 169 will be principals and 114 will be partners. It’s the biggest […]

three pills on a bright yellow background

Do Accounting Firms Care if You’re On Drugs? Part III

12 years ago my former colleague Caleb Newquist published a post titled “Do Accounting Firms Care if You’re On Drugs?” A good chunk of that post describes Wall Streeters getting blitzed at real estate investment trust companies because back in those days accounting news was extra slow and we wrote about a lot more finance-adjacent […]

someone studying

[UPDATED] KPMG Will Pay Audit New Hires to Study for the CPA Exam

Ed. note: update at the bottom, our hopes have been dashed. Second update includes a statement from KPMG As I’m sure you’ve heard by now the profession is having trouble recruiting future CPAs. Accounting student numbers aren’t critically low yet but fewer and fewer graduates are taking the CPA exam, an issue that keeps AICPA […]

a person peeking through window blinds

Deloitte Sued by Former Manager After the Partner She Was Banging Turned Weird and Stalkery (Allegedly)

Guys (and gals) I don’t know how many times we have to say this but please, please don’t bang people you work with. There are like three billion men or women in the world for you to pick from (6 billion if you’re bisexual heck yeah *high five*); more precisely there are 2.3 billion adults […]

a split

Deloitte Will Be the Next Big 4 Firm to Split Audit and Consulting, Says WSJ; Deloitte Denies

The rumor mill got fired up a mere 14 days ago when the Wall Street Journal reported EY was considering splitting its audit and advisory arms (pesky regulators and conflicts of interest and whatnot). As interns and accounting students who aren’t even going to Meet the Firms yet blew up social media asking what this […]

Spongebob rainbow meme

PwC Will Not Let Economic Chaos Foil Its Aggressive Hiring Plans

That’s per PwC US chair Tim Ryan who told Insider the firm has its all-seeing eye firmly focused on the market. For now though? Let’s get those warm bodies into chairs. Tim Ryan, the US chair of PricewaterhouseCoopers, said the firm’s hiring plans aren’t going through “any major shocks or changes right now” and that […]

ey orlando

You Know Things Are Bad at EY When Its US and Global CEOs Are Beefing

We now know the reason, courtesy of the Financial Times, why Kelly Grier decided not to seek a second term as EY US chair and managing partner and Americas managing partner. Apparently there’s no love lost between her and Carmine Di Sibio, EY global chairman and CEO. FT reported today: The head of EY’s US […]

EY Chairman Carmine Di Sibio interviewed at Davos

Young People Want to Return to the Office Says Old Guy Who’s Never Spoken to a Young Person

EY Global Chairman and CEO Carmine Di Sibio is out here making some wild claims, namely that EY’s 20-somethings are eager to get back to the office. From CNBC: In the tug of war between returning to the office and working from home, Ernst & Young (EY) CEO and Global Chairman Carmine Di Sibio falls […]

RIP Norah Bruther, EY Senior Associate Who Was Killed By Alleged Drunk Driver

Funeral services were held this past weekend for 23-year-old Norah Bruther, an EY assurance senior associate from New Jersey who was struck and killed by a vehicle on May 7 while on vacation in Arizona. NJ.com reported: Norah Bruther was hit by a car around 1:30 a.m. Saturday while trying to cross Camelback Road near […]

Former Deloitte CEO Is a Big Fan of ‘Smors’

No, Cathy Engelbert isn’t talking about the delicious summertime treat. She’s talking about “small moments of recovery.” “I learned this at Deloitte because when you’re running a firm of that size, you have to find time. We dubbed them smors. My EA used to put them on my calendar: Small moments of recovery. You need moments during […]

Things Are Getting Spicy Between PwC UK Employees and Lord Sugar

After being called “lazy gits” in a tweet last Friday by British businessman, entrepreneur, and TV show host Lord Alan Sugar, who reacted negatively to PwC UK announcing that it would allow employees to take Friday afternoons off from June to the end of August, we were curious to see if any PwCers across the […]

Compensation Watch ’22: Big 4 Firm With the Most Negative Publicity In the U.K. Tries to Change All That By Giving Staff Raises of At Least £2,000

If you’re a regular visitor to this website, it shouldn’t be too hard to figure out which Big 4 firm we’re referring to: Carillion, loads of fines from the Financial Reporting Council, chairman’s rant leads to his resignation, Carillion, “unacceptable” bank audits, partners who are bullies, lawsuits, and layoffs. And did we mention Carillion? Yes, […]

Back In My Day, Accountants Had to Walk Uphill Both Ways In the Hot Sun to Get to Work, Says Crotchety Old British Guy

British businessman, entrepreneur, and media person Lord Alan Sugar thinks employees of the Queen’s PwC are a bunch of “lazy gits [that] make me sick” for being allowed to take Friday afternoons off this summer. This is a bloody joke. The lazy gits make me sick. Call me old fashioned but all this work from […]

In KPMG Australia Cheating Scandal, Apparently Cheaters *Do* Win

From Australian Financial Review: Chartered Accountants ANZ has belatedly ruled that only 12 of the 422 members from big four consulting firm KPMG who took part in systemic exam cheating will be put through the professional body’s individual disciplinary process. The body’s disciplinary committee ruled that the “activities undertaken” by 410 KPMG CA ANZ members […]

The Fortune 100 Best Companies to Work For: PwC #63 (2022)

The last of the Big 4 to be ranked in the 2022 Fortune BCTWF and the one that took the biggest drop over the last year is the proudest and trustiest firm of them all, PwC. Fortune doesn’t reveal why a particular company fell so many spots in its ranking from one year to the […]

The Fortune 100 Best Companies to Work For: EY #52 (2022)

Coming in at No. 52 on the 2022 Fortune BCTWF is the ol’ Black and Yellow. EY has made quite a few head-scratching, unpopular decisions over the last couple of years, but here they are on the BCTWF for the 24th time in the ranking’s 25-year history. While doors will open for someone with experience […]

The Fortune 100 Best Companies to Work For: KPMG #41 (2022)

Following one spot behind RSM US in the 2022 Fortune BCTWF is KPMG, the second Big 4 firm in the ranking behind Deloitte at No. 24. It’s not too often that KPMG finishes ahead of PwC in anything, so the House of Klynveld should celebrate this accomplishment while it can. For the most part, people […]

PwC Finishes First In Vault’s Accounting Firm Prestige Ranking For the Gazillionth Time (2023)

Another year, another first-place finish for PwC in Vault’s ranking of the most prestigious public accounting firms. At this point, you can just pencil in PwC as being the most prestigious firm now until the end of time. If a firm was to eventually unseat PwC in prestige, it would be as big of an […]

PwC Does Not Relinquish Top Spot In Vault Accounting 25 (2023)

Vault today released its newest ranking of the best public accounting firms to work for, and it’s a slimmed-down version for 2023: the number of firms ranked went from 50 (as has been the case for many years) to 25. But one thing remains constant: PwC is No. 1. This is the 10th straight year […]

Listicle of the Day: Firms That Have Topped the Vault Accounting 50/25 Through the Years

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. And even though Vault’s latest ranking for 2023, released earlier today, includes only 25 firms instead of 50, a Big […]

Former EY Consultant Won LinkedIn Today

Remember last week when EY tried to convince all of us that employees prefer empathetic leadership over raises and promotions? LOL, good one EY. Anyway, Brandon Hall, founder and managing partner of Hall CPA in Raleigh, NC, who was a senior consultant with EY earlier in his career, knew the empathy-over-raises social media post from […]

Someone Is Not a Fan of KPMG’s New ‘Reconnect with KPMG’ Ad Campaign

As a Fisbhowl user, I received a notification on my phone this evening that “KPMG was tagged in a post,” and this was the post: I had no idea this was a thing. Someone in the comment section said the commercial was on KPMG US’s YouTube channel, so I went there, and sure enough, there […]

a happy man smiling

The Thing Workers Want Most Is Not Better Pay But Empathetic Employers Says Employer Unwilling to Pay You More

Yesterday I came across this screenshot while combing Reddit one hour after my weekly newsletter column was due as I often do on Tuesday afternoons when I’m procrastinating. At first I thought there’s no way this is real. I mean, it’s on the internet so obviously it’s real but … really? Oh, it’s real y’all. […]

Simu Liu Thanks Deloitte Canada For Canning Him 10 Years Ago Today

Just spitballin’ here but I think getting fired from a Big 4 firm and no longer doing a job he hated worked out pretty well for the star of Marvel’s Shang-Chi and the Legend of the Ten Rings. Here is what Simu Liu posted on Instagram today: So is now-retired Deloitte partner Paul Gibbons the […]

Deloitte "if you just follow, you'll never lead" sheep billboard

The Fortune 100 Best Companies to Work For: Deloitte #24 (2022)

Today Fortune released its 25th installment of its 100 Best Companies to Work For, a ranking we’ve covered off and on for the past 12 years. And the No. 1 bestest company for 2022, according to Fortune, is Cysco Systems. Congrats to them. In the professional services category, notables include Accenture at No. 6, Protiviti […]

If KPMG Was a Radio Station, What Would Its Slogan Be?

One of our favorite nicknames we’ve given KPMG through the years is “The Radio Station,” for obvious reasons. So in this Saturday shitpost, we ask: If KPMG was actually a radio station, what would its tagline or slogan be? We have a handful of suggestions: Good Auditing’s No. 1 Alternative Playing All the Hits (and […]

LinkedIn Must Have Noticed All of Those Cringey Posts About How Great It Is to Work At Deloitte

If you aren’t aware of said cringey LinkedIn posts from Deloitters, see Adrienne’s articles here and here. Here are a couple other examples: Anyhoo, based on all of the posts from butt-kissing Green Dotters (or not), Deloitte is one of LinkedIn’s top 50 companies in the US: In honor of being named a LinkedIn Top […]

Better Late Than Never: PCAOB Fines Ex-KPMG Vice Chair of Audit Scott Marcello $100,000 In Connection With Inspection Scandal

It only took five years, but Scott Marcello finally received some sort of punishment for what happened in KPMG’s audit practice several years ago as partners were working with PCAOB insiders to illegally receive advanced notice of the PCAOB’s inspection plans for KPMG audits. Marcello, KPMG’s former vice chair of audit, was fined $100,000 today […]

Another Big 4 Executive Bites the Dust In the UK (UPDATE)

[UPDATE/Jason Bramwell] The Telegraph reported this past weekend that Deloitte UK gave its former diversity and inclusion chief, Dimple Agarwal, around £8 million last year after an internal investigation cleared her of bullying staff. Reports began to surface overseas on March 4, 2021, that she had resigned from Deloitte following the bullying accusations against her. […]

This Might Be the Reason Why EY Employees Did Not Get a Mid-Year Salary Adjustment

Let’s wildly speculate as to why EY was the only Big 4 firm not to give their employees some sort of mid-year raise. You might recall that EY leadership told their people the reason why they didn’t give out salary adjustments is because the firm is already the market leader in salaries among the Big […]

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

TIL Deloitte Canada had a former Canadian professional footballer in its partnership. Gabriel Gervais, 45, who joined Deloitte of the Canadian variety in 2009 and was admitted into the partnership in 2019, played for the Montreal Impact (now CF Montréal in the MLS) from 2002-08 when the club was part of the United Soccer League. […]

PwC Briefcases Look Absolutely Stunning On the Oscars Red Carpet

All polished up and ready to go for their big night. Hopefully the PwC briefcases’ handlers have a better night at the Oscars tonight than Brian Cullinan and Martha Ruiz did five years ago. Related article: Happy Fifth Anniversary of PwC F*cking Up the Oscars

Homeless Guy Who Murdered Deloitte Consulting Senior Manager Michelle Go Won’t Be Going to Trial Anytime Soon

According to published reports, psychiatrists at Bellevue Hospital in Manhattan determined after a medical evaluation that Martial Simon, the homeless man who killed 40-year-old Deloitte Consulting Senior Manager Michelle Go while she was waiting for a train inside the Times Square subway station on Jan. 9, is mentally unfit to stand trial. Simon, 61, didn’t […]

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

While the Great Resignation in public accounting hasn’t slowed down much recently, there are still people who are jockeying for a better job in the Big 4 and have left one firm for another. In this case, it’s something we used to write about A LOT back in the day: people bolting KPMG for PwC. […]

Here Are the 20 Richest Football Clubs In the World, According to Deloitte

The Walmart of professional services firms just released the latest installment of its Football Money League report, which profiles the financial performance of the highest revenue-generating clubs in the world of football … er, soccer. And here’s why all you hooligans should be interested in this year’s report, according to Deloitte: This year’s edition is […]

Vault Consulting 50: How Did the Big 4 Do In Key Employment Categories? (2022)

Last month we dove into the 2022 Vault rankings of the best consulting firms to work for and the consulting firms with the most prestige, with an eye on how the Big 4 firms fared in each. Today we’re going to wrap up our coverage of the 2022 Vault Consulting 50 by looking at which […]

The SEC Only Gives Out Wrist-Slaps to the Big 4 When They Break Independence Rules On Providing Non-Audit Services to Audit Clients

The big news in the accounting profession yesterday afternoon from Dave Michaels of the Wall Street Journal was that the SEC is investigating the Big 4 and other public accounting firms on whether the consulting and non-audit services they sell to clients is conflicting with their independence as the auditors of said clients. Michaels reported […]