Big 4

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

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 […]

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

I’m not a betting man, and that’s a good thing because, while not official yet, I would have bet my house on KPMG UK being fined more than £15 million for the whole Carillion audit fiasco. The Financial Times reported this afternoon: KPMG is set to be hit with its biggest-ever fine in the UK […]

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 […]

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 […]

In Non-Russia-Ukraine War News, KPMG UK Screwed Up Another Audit

Let’s take a break from what’s going on right now in Ukraine to tell you something we’ve written a lot about in recent years and that we enjoy writing about: KPMG UK being bad at auditing. While we await KPMG’s punishment for that whole Carillion debacle, the Financial Reporting Council announced on March 8 that […]

In Honor of International Women’s Day, Let’s Recall Some Important Rules For Women In the Workplace

Happy International Women’s Day, everyone! Yes, even you men. Actually, especially men. We’re counting on you all to lead the way and set a good example for those among you who may not have gotten the memo that women contribute so much more to society than clean dishes. Even something small like recognizing the achievements […]

Here Is What PwC Russia and EY Russia Said About Being Ousted From Their Big 4 Firm’s Global Network

The dust hadn’t even settled before PwC Russia and EY Russia released statements on their respective websites about being told they were no longer part of the global networks of PwC and EY due to Russia’s war with Ukraine. The statements from PwC Russia and EY Russia are pretty much what you’d expect—acknowledging they were […]

And Deloitte Makes Four

Well that’s that. All Final Four Horsemen of the Accounting Apocalypse have now announced they are abandoning their operations in Russia in response to Vlad Putin’s war against Ukraine. PwC and KPMG announced on Sunday they were cutting ties with their member firms in Russia, EY released a similar statement earlier this morning, and Deloitte […]

EY Joins Big 4 Exodus From Russia

In the span of 24 hours or so, we’ve gone from the Big 4 practically saying nothing about separating themselves from their member firms in Russia over the country’s attack on neighboring Ukraine to three of the four—PwC, KPMG, and now EY—saying their affiliates in Russia would be leaving their global networks. EY released the […]

PwC Ukraine’s Forensic Leader OK After His Home Was Hit By a Russian Missile

One of my connections on LinkedIn shared this post from Andriy Tretyak last week. Tretyak is the forensic leader at PwC Ukraine, and the photo above is the building where he lived in Kyiv, which was struck by a Russian missile. Fortunately Tretyak was able to escape before the missile slammed into the residential building, […]

Reports: PwC Is Withdrawing From Russia and Belarus (UPDATE)

[UPDATE] PwC Global Chairman Bob Moritz released this statement a little over an hour ago confirming that PwC is pulling out of Russia: We all continue to be shocked and horrified by the senseless war that the Russian government is inflicting on Ukraine and its people. As we galvanized to find ways in which we […]

KPMG Is Pulling the Plug On Its Operations In Russia and Belarus

A source just sent us this statement from KPMG International that says its member firms in Russia and Belarus will be leaving the KPMG network: “We believe we have a responsibility, along with other global businesses, to respond to the Russian government’s ongoing military attack on Ukraine. As a result, our Russia and Belarus firms […]

One KPMGer Is Livid That She Won’t Be Able to Check Her Personal Email On Her Firm-Issued Laptop Ever Again

These screenshots of an internal KPMG memo hit our tip box earlier today: Because the first part of the document is a little blurry/difficult to read, I’ve transcribed it below: Protecting our IT systems Published: Thursday, 03/03/2022 As the Russia-Ukraine war continues, KPMG is staying vigilant and guarding against cyber threats while continuing to stand […]

Ex-Big 4 Partner On Why the Big 4 Firms Should Pull Out of Russia: ‘It’s the Right Thing to Do and You Know It’

I was scrolling through LinkedIn last night and came across this post by John Robinson, a former partner at both EY and Deloitte, who gave six reasons why the Big 4 should cut ties with their Russian member firms. He makes some pretty interesting points, and I was wondering if you guys agree or disagree […]

PwC Canada Is the Latest Big 4 Firm to Get Busted By Regulators For Employees Cheating on Internal Training Courses

Ever since KPMG was fined $50 million by the SEC in June 2019 as a result of auditors at all levels cheating on internal online training exams by illegally sharing answers with colleagues and manipulating test results (as well as that whole KPMG audit partners stealing confidential inspection information from the PCAOB thing), we have […]

Big 4 Firms Condemn Russia’s Invasion of Ukraine, But Will They Sever Relationships With Any Russian Clients? (UPDATE)

[Updated with additional statement from Deloitte Global.] When Deloitte’s global HQ posted a statement on its website on March 1 (see below in original post from Tuesday), the firm said it had “suspended business operations and client service in Ukraine as we focus on taking care of our people and their loved ones.” But on […]

One Big 4 Firm Wishes All the Ladies a Happy National Pancake Day

Today is National Pancake Day, and in order to build a better working world, EY (probably) thinks that it should include this recipe for “Brain Booster Pancakes” for all the women whose brains are “6% to 11% smaller than men’s” and “absorb information like pancakes soak up syrup so it’s hard for them to focus.” […]

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

[UPDATE] It looks like Sen. Elizabeth Warren (D-MA) is still on her quest to make life miserable for the biggest public accounting firms in the US. According to a Feb. 22 report by the New York Times, Liz and Rep. Pramila Jayapal (D-WA) are asking the US Treasury Department to investigate the cozy relationship Treasury […]

Bonus Watch ’22: Deloitte Tax Tries to Lock In Seniors and Managers For Two More Years By Dangling Retention Bonus

Another Deloitte practice is tempting its seniors and managers with a one-time lump-sum payment to try and keep them around a little while longer. A tipster told us: Seniors and managers in Deloitte Tax are eligible for a $20k retention bonus. They would have to pay it back if they leave before 2 years. Payouts […]

Happy Fifth Anniversary of PwC F*cking Up the Oscars

What were you doing the evening of Feb. 26, 2017? I was at home and I wasn’t watching the Academy Awards. I was probably watching the Chicago Blackhawks game that night, when the team was actually good. But I remember seeing on my Twitter feed later that night people talking about the huge mistake made […]

Vault 50: Deloitte Consulting Still Has the Prestige Factor Going For Them (2022)

Yesterday we recapped the 2022 Vault ranking of the best consulting firms to work for and the lack of a Big 4 presence in the top 10, including Deloitte Consulting, which went from fourth in 2020 (highest among the Big 4 consulting practices) to 11th in 2022. But despite Deloitte Consulting now paying the price […]

Vault 50: Only One Big 4 Firm’s Consulting Arm Made the Top 10 (2022)

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You Won’t Be Seeing Phil Mickelson Wearing a KPMG Hat Ever Again

A relationship we thought would never end came to an end today. At least we won’t feel the need to write “Happy Birthday, Phil Mickelson” posts anymore. KPMG has had Mickelson’s back even when he was accused of being involved in an insider trading scheme, complained about having rich man tax problems, and fell short […]

Compensation Watch ’22: EYers Should Expect Raises to Hit Their Bank Accounts Come August

EY sent out a very ambitious, repetitive email to its loyal US grunts yesterday that can be summed up in one short statement: here’s some money so you people stop complaining. Will it be enough to stop the bleeding at this particular Big 4 firm and keep warm bodies in their chairs? Time will tell. […]

EY Has Picked Kelly Grier’s Successor As US Chair and Managing Partner

EY today confirmed the news we broke in October that Kelly Grier would not seek a second four-year term as US chair and managing partner and EY Americas managing partner. The person who will step into that role later this summer is Julie Boland, current EY vice chair and managing partner of the firm’s Central […]

a large amount of pennies spilled out of a jar

Bonus Watch ’22: KPMG Generously Gifted 1/5th of a Grubhub Order to Industrious Staff Working Through the Super Bowl

The lion, the witch, and the audacity of this bitch. From Reddit (of course): The screenshot reads: A message from [redacted] and [redacted] | February 9, 2022 On behalf of the NYFS Audit partners and MDs, we would like to thank you for all your efforts and perseverance. This Sunday, in honor of the Super […]

EYers, What Would Your Candy Heart Message Be to EY On Valentine’s Day?

EYers, can you feel the love your employer has for y’all in this post on Instagram today? Awww, so sweet. Do you have a sweet message in return for EY? Eh, probably not. They would probably be more along the lines of: I Quit EY Sux Mo’ Money #1 PTO W&P (Waffles & Pancakes) or […]

CONFIRMED: One PwC UK Partner Is Filthy Rich

From the Daily Mail: Kate Moss has reportedly sold her mansion in Highgate, London for a whopping £11.5million as she seeks to swap city living for life in the country. The model, 48, has made a £4.25million profit on the home, located next door to George Michael’s former house, which she bought 11 years ago for £7.25million. […]

Soooo KPMG Canada Did a Thing Yesterday

If a Big 4 firm adding an undisclosed amount of bitcoin and ethereum to its corporate balance sheet interests you, then you’re in luck because that’s what KPMG Canada did, according to the approximately 1 million articles about it on the interwebs today. We’ll help you mine (see what I did there) through all the […]

Number of the Day: 63

That is the number of workplace conduct complaints and/or investigations that were disclosed by the Big 4 firms in Australia during financial year 2021, according to the Australian Financial Review. The article today by AFR (which is worth your time reading in its entirely) focuses on sexual harassment and bullying complaints at EY Oceania during […]

Compensation Watch ’22: It Appears EY Employees Who Work In FAAS (Only?) Are Not Getting a Salary Adjustment (UPDATE)

[UPDATE] If this is the script Kelly Grier is giving her managing partners to tell their staffs about EY being the market leader in salaries among the Big 4, I unfortunately don’t see any type of mid-year salary adjustment coming for you guys and gals. This was a tip we got last night on what […]

So to Recap, Partners At the Largest Accounting Firms In the UK Are Swimming In Money

On Tuesday morning we got a tip from a source across the pond confirming the big news of the day at the Queen’s KPMG: Big pay day at KPMG UK for the partners. Unbelievable. Treat the staff rough but still come out on top. We’ve written a lot in the past few years about how […]

All This Question From Life at Deloitte Needs Is a Two-Word Answer

As people continue to leave the largest public accounting firms, including Deloitte, in droves because they feel undervalued and underpaid, the people who run the Life at Deloitte Twitter account must have their heads in the sand by asking this question the other day: What's YOUR favorite way of being thanked at work and at […]

KPMG Poaches Someone From Deloitte and Issues a Press Release, Parts IV, V, and VI

There’s been quite a bit of poaching activity across the globe lately among the four horsemen of professional services firms, so here’s a quick recap of people who have left their green dots behind and joined the redheaded stepchild of the Big 4. In the UK, Serdar Cabuk joined KPMG as a partner in the […]

EY Poaches Someone From KPMG and Issues a Press Release, Parts IV, V, VI, and VII

EY-Parthenon recently lured four people away from the Queen’s KPMG, three of whom were added to the partnership and one hired as a director. Akif Jawaid joined EY-Parthenon in the UK as a partner on EY-P’s private equity team. He previously was a partner and global head of private equity (Strategy Group) and the UK […]

Promotion Watch ’22: The Queen’s PwC Adds 22 to the Partnership

PwC UK recently took out an ad in The Times to congratulate its newest class of PwCers who earned their stripes at the midway point of the firm’s financial year. The ad says: On 1 January we are promoting 22 new partners as part of our ongoing investment in our business. We wish them the […]

KPMG Rocks signs held by a woman in a KPMG shirt

Compensation Watch ’22: KPMG Employees Are Getting Richer on April 1 (Not An April Fools’ Joke)

KPMGers got some good news today as the firm announced salary adjustments for all Klynveldians effective April 1. Here’s what was sent to our tipline: KPMG US just announced firmwide mid-year raises effective 4/1. $5k for SM, $7k for manager and senior, $3k for staff. According to an internal document posted on Fishbowl yesterday, here’s […]

Don’t F*ck Up, EY Luxembourg Recruits, or Erny Is Gonna Get Ya

About 150 new hires at EY in Luxembourg got quite the scare when they walked in the building on their first day of work Jan. 7. The post from EY should have instead said, “We kicked off 2022 with some weird-ass vibes …” Anyway, happy Friday.

PwC’s UK Head Kevin Ellis Is Unhappy—There Could Be Relief

How much concern do we feel for Kevin Ellis? He should sit pretty—senior partner of the UK firm of PwC, which in 2021 clocked up record global revenue of $45 billion. The average profit of his UK partners was a league-leading £868,000, and Ellis himself in 2020 took home a handsome £4.4 million. Instead, this week’s press attention […]

KPMG UK’s Piss-Poor Auditing Is Once Again Coming Back to Bite Them In the Ass

As the UK’s audit cops are kicking back and watching KPMGers throw each other under the bus and a former audit partner feign ignorance about documents being forged during a tribunal hearing on the clown show that was the firm’s auditing of Carillion, the Financial Reporting Council decided to give KPMG a small taste of […]

Scenes From the Candlelight Vigil In Honor of Deloitte Consulting Senior Manager Michelle Go

A candlelight vigil was held in Times Square last night in memory of Michelle Go, the 40-year-old Deloitte Consulting senior manager who was killed by a mentally ill homeless man last Saturday morning while waiting for a train inside the Times Square subway station. Here is a collection of photos and videos from last night’s […]

Audit Firms Are Making More Money Than Ever But Their Auditing Still Sucks, Says Guy

For today’s episode of “What Can We Rag on Big 4 Firms For” we’re going to dive into this article I came across this morning in Fair Observer, an independent outlet which I’ve never heard of but hey, any article that bashes Big 4 firms is OK in my book. Let’s be real, visiting Going […]

RIP Michelle Go, Deloitte Consulting Senior Manager Who Was Murdered In NYC Subway

I heard about this awful news over the weekend but didn’t realize until yesterday that the victim, 40-year-old Michelle Go, was part of our accounting stratosphere. The New York Times reported: On Saturday morning, Ms. Go left her apartment on the Upper West Side and was about to step onto a subway in Times Square […]

Compensation Watch ’21: PwC Employees Are Getting a 5% Bump In Pay (UPDATE)

[UPDATE] Now that PwCers got that sweet, sweet “Timmy Stimmy,” a mid-year raises thread was created on r/accounting, although there hasn’t been much action in it so far. The 5% raise nearly everyone got is reflected in a few posts, while a Senior 3 in Consulting Advisory Services mentioned getting the additional 10% adjustment (see […]

Deloitte Just Gave the Malaysian Government Several Wheelbarrows Full of Ringgit (UPDATE: KPMG Pays Up Too)

[Updated article originally posted on June 3, 2021 with additional information about KPMG settlement.] From the Ministry of Finance in Malaysia on June 3: 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) […]

KPMG UK Already Gearing Up For Massive Punishment Over Carillion Audit Failures

“It is of course for the tribunal to reach a conclusion on the allegations as they relate to the individuals concerned. Nevertheless, it is clear to me that misconduct has occurred and that our regulator was misled. The misconduct that this tribunal will hear about over the coming weeks is disturbing and upsetting for me […]

Report: PwC and Deloitte Among Companies That Have Continued to Make Political Donations to Republican Lawmakers Who Voted to Overturn Presidential Election

Shortly after the riot at the U.S. Capitol last Jan. 6, the Big 4 each put out statements saying they were either suspending all political contributions or suspending PAC funding to the 147 Republican members of Congress who voted to overturn the presidential election results. It was a move, they said, to “facilitate a smooth […]

New Clemson Athletic Director Is An Ex-Green Dotter

This is not your typical “life after Big 4” career move, but Graham Neff will likely make more money as the new director of athletics at Clemson University than he would had he ended up staying at Deloitte. Sports Illustrated reported: Before Clemson, Neff served two-plus years in several senior administrative roles at Middle Tennessee […]

What’s Up With Deloitters and the LinkedIn Cult Mentality?

The hashtag-laden digital fellatio of professional services firms continues. OK, first of all… no, you know what, never mind. I’m recalling something my mother told me once 33 years ago about not having anything nice to say. Who exactly was this for? Did he pass it to his manager on his last day? Will it […]

How Much Is An EY Shirt Selling For At TJ Maxx These Days?

About as much as a first-year at EY makes an hour during peak busy season. Related article: How Much Do You Think a KPMG T-Shirt Costs at Goodwill These Days?

Latest Accounting Overachiever Comes From PwC

From CyprusMail: Demos Ioannou, a trainee accountant of PwC Cyprus, achieved the highest world score in the ICAEW [Institute of Chartered Accountants in England and Wales] exams that took place in November 2021. More specifically, Ioannou achieved first place worldwide in the subject of “Strategic Business Management” and was awarded the Walton Prize. PwC trainee […]

Guy Sues KPMG Over Getting Left Out of the Team Group Chat

Greg Eldridge — an eight-year vet of the House of Klynveld — has sued KPMG Australia over what he alleges was a critical level of cold-shouldering from his people, seeking monetary damages for what he says was a failure of the firm to address an unruly colleague who never liked him. An exceptionally boring Deal […]

A Few EY Partners Didn’t Get the Auditor Independence Rules Right

The SEC on Dec. 10 decided that two EY partners and one principal didn’t take the auditor independence rules seriously and doled out a few fines and sanctions. And like many of these auditor independence violations that get firms in hot water with the SEC or the PCAOB, the flagrant rules bending by EY had […]

Compensation Watch ’21: Deloitte Puts Mid-Year Raises On the Table (NEW UPDATE)

[Updated on Dec. 14 with market adjustment message to employees, additional raise percentages.] Mid-year raises are definitely rolling out at Deloitte now that a comp thread has been created on Reddit. To recap, in late September, Deloitte CEO Joe Ucuzoglu told staff in an email (scroll down for the full text of Joe U.’s email) […]

The Queen’s PwC Tells Staff to Come Into the Office Should They Have Literally Nothing Better to Do on Christmas

PwC UK published an advertisement article in The Telegraph last week and we found it so moving that we felt compelled to share it all with you post haste. The letter — penned by PwC UK chairman Kevin Ellis — begins as all corporate letters must since our first COVID Christmas last year: with a […]

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

There has been some crazy poaching news recently—no, not in the Big 4 but in college football. USC poached Lincoln Riley from the University of Oklahoma to be its next head coach, which was then followed by Brian Kelly bolting Notre Dame for the SEC (no, not that SEC) to become LSU’s new coach and […]

KPMG Rocks signs held by a woman in a KPMG shirt

KPMG Got Dibs On Being the Big 4 Firm With the Biggest Year-Over-Year Revenue Increase In FY 2021

The last of the Big 4 firms to release its global revenue results for fiscal year 2021 did so last night, as KPMG posted $32.1 billion, an increase of 10% over its 2020 revenue of $29.2 billion. Things could only get better for the House of Klynveld in 2021, as KPMG was the only Big […]

Australian Senator Understands Big 4 Working Conditions Better Than a PwC Partner

“I’m not talking about billing hours, actual hours of work were 80 to 120 hours. There were people that were substantially underpaid. Wouldn’t you call that a sweatshop?” — Tony Sheldon, Labor senator and former union boss, asked PwC Australia partner Catherine Walsh during a Senate hearing on job security Dec. 8. Walsh was there […]

KPMG Director’s Thoughts On Firm’s ‘Unethical’ Vaccine Policy Will Be Loved By Some and Hated By Others

Once Pfizer, Moderna, and Johnson & Johnson began rolling out their COVID-19 vaccines in the US, unless you had your head in the sand for the past four or five years, you just knew people would take sides on whether or not to get the jab—for whatever reason. And that has certainly been the case. […]

Wanna Know What New PwC Employees Get These Days In Their Welcome Package?

This new PwCer shows you in a video posted to YouTube last month—and drags out his or her swag unpacking for nearly three minutes. Newbie. This person obviously didn’t know all PwCers have to tag everything PwC-related on social media with #PwCProud.

With Omicron Threatening to Send Everyone Back Inside, KPMG UK Reminds Audit Staff to Get Back to the Office

Alright so we’re sourcing this one from Reddit which, yeah, I know but since the bulk of our sources are on this side of the pond, it’s the best place to find international Big 4 news other than obscure local papers or from unmemorable African newspapers. A screenshot of an email sent out by KPMG […]

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

Just like our waistlines over Thanksgiving weekend, the tax practice at the Queen’s KPMG got larger earlier this month with the addition of three new partners. Candice Nichol, a tax lawyer with 14 years of experience, joined KPMG as a deal advisory tax partner in London from international law firm Simmons & Simmons, while Justin […]

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EY Global Chairman Carmine Di Sibio Warns Zoomers Their Careers Are Screwed If They Stick to Remote Work

EY Global Chairman Carmine Di Sibio wrote a piece for Quartz recently on how young professionals can navigate today’s hybrid work environment (well, his communications team did anyway) and we found a few bits particularly noteworthy for early-career accountants eager to get ahead in today’s, uh, interesting work environment. You might want to grab a […]

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KPMG Norway Has Achieved the Impossible And Created a Mildly Amusing Video (For an Accounting Firm)

KPMG couldn’t audit their way out of a paper bag but some props are due for proving themselves capable of making a mildly entertaining two-minute YouTube video which we’re about to share with you momentarily. The last time we caught KPMG embarrassing themselves on YouTube, it was this unspeakable disaster from KPMG Denmark and things […]

Head of UK’s Audit Cops Says Out Loud What We Were All Thinking About the Big 4

“If you were the head of audit at one of the Big Four and you read this document, you’d be thinking ‘I think those are the things I’m [already] trying to do.’ The problem, as far as we’re concerned, is they don’t really do it.” — Sir Jon Thompson, chief executive of the Financial Reporting […]

Just Think, An EY UK Partner Was Allowed to Keep His Job After (Allegedly) Telling a Female Co-Worker This (UPDATE)

[UPDATE] Neil Hutt quit or was forced to resign or whatever. Point is, he no longer works at EY in the UK. From the The Times of London on Nov. 13: EY, the Big Four accountancy group, has accepted the resignation of one of its partners, who told a female trainee “I’m going to f*** […]

Big 4 Item of the Week on eBay: Deloitte Haskins & Sells Luggage ID Tag

Now that air travel is starting to open up again for those of you in public accounting (I know, it’s mostly client and project dependent at this point), this week’s Big 4 Item of the Week on eBay is a must-have for all you longtime Deloitters. You’ll be the envy of your fellow business travelers […]

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

Rebecca Rennison recently entered the Big 4 transfer portal as a director at PwC UK and exited as a partner at EY. EY recently announced Rennison and Richard Pulford as its most recent senior hires in the firm’s Manchester corporate finance team, according to Insider Media: Rebecca Rennison also joins EY with more than 20 […]

Big 4 Item of the Week on eBay: PwC Stamps

Looking to buy PwC Global Chairman Bob Moritz a gift for the holidays? We have two ideas for you from eBay: An autographed 8-inch by 10-inch photo of Bebe Rexha because BoMo is apparently a big fan. A full sheet of stamps from 2005 commemorating PwC’s 85th year in Uruguay. Here’s what the stamps look […]

You Know the World Is Getting Back to Normal When KPMG Has the Worst PCAOB Inspection Report of the Big 4

When the PCAOB released its first batch of 2019 inspection reports earlier this year, there was one outcome that left us at Going Concern HQ feeling like we were living in some auditing bizarro world: PwC had a worse audit failure rate (30%) than KPMG (29%). It’s rare when KPMG doesn’t have the worst PCAOB […]

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EY Pats Itself On the Back For Not Blowing As Many Audits As Before

Last month the PCAOB teased the results of its 2020 inspection reports by saying audit firms were getting better at not being awful at auditing. From the PCAOB’s Staff Update and Preview of 2020 Inspection Observations: For the majority of the annually inspected audit firms, we identified fewer findings in 2020 compared to our 2019 […]

Does KPMG Lakehouse Have Hairdryers?

Not sure if Going Concern readers and random Googlers who end up in this sacred temple of Big 4 gossip are aware, but we can see the keywords you search prior to clicking through onto our site. And man, some of them are disturbing, due in part to the fact that we’ve written about questionable […]

Big 4 Item of the Week on eBay: EY Pedometer

All you health nuts and fitness freaks who spend each and every day building a better working world can hop on over to eBay and purchase this unused EY pedometer. Unshackle yourself from your desk and bust out this black and yellow step-counter the next time you walk to the break room or take that […]