December 6, 2021

Deloitte

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

[Updated on Dec. 6 with additional mid-year 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) that the firm would […]

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 […]

Deloitte Came Oh So Close to Having a Historically Low Audit Deficiency Rate

If it was any other year, champions of audit quality would be throwing Deloitte a ticker-tape parade for only having two glaring errors out of 53 audits inspected in the firm’s newly released 2020 PCAOB inspection report. But it was PwC auditors who were the ones pulling ticker-tape out of their hair while Deloitte was […]

We Get It Lady, You Work For Deloitte

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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 […]

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

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

Rhode Island Just Can’t Quit Deloitte

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

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. […]

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 […]

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 […]

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 […]

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 […]

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: 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 […]

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 […]

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 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 […]

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 […]

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 […]

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: […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

Some Florida Lawmakers Do Not Want Deloitte Consulting Hanging Around No More

While a circuit judge in Leon County in Florida still has to decide whether a potential class-action lawsuit against the state’s Department of Economic Opportunity and Deloitte Consulting over the shoddy and problematic unemployment benefits system D-town built and installed will continue, Florida senators are pushing forward a bill that would penalize companies (cough, Deloitte, […]

Deloitte Is Doing a Much Better Job Lately of Not Screwing Up Audits

While PwC waits with bated breath for the PCAOB to release the firm’s 2020 inspection report so it can presumably take an audit quality victory lap around the other Big 4 firms, Deloitte can at least say it has had the lowest audit failure rates among the Big 4 the past three years. For the […]

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

If there’s one way to describe the hiring practices at Big 4 firms it would be “turnabout is fair play.” For example, when one former KPMGer strolls through the doors to start his or her new job at PwC, there’s always another person who just left P. Dubs for a new role at the Radio […]

Promotion Watch ’20: Deloitte Australia Adds 43 to Partnership

That’s right, 26 men and 17 women now have a seat at the big kids table at Deloitte Australia. The lucky Green Dotters are: Andrea Abusah, Consulting Tom Alstein, Consulting Heidi Armin-Grimm, Tax & Legal Michael Barone, Tax & Legal Luke Bates, Financial Advisory Nick Bright, Financial Advisory Nicholas Brischetto, Risk Advisory Susan Brown, Consulting Brandon […]

You Know It’s a Slow Time of Year When Life at Deloitte Is Tweeting Out Recipes

Now your home can smell all greasy like the Deloitte University cafeteria all year long. Many of you asked for it and here it is – the recipe for #DeloitteU’s hash brown cheese casserole! This simple dish is sure to make your holiday mornings special. We’re wishing you a joyous holiday season and a prosperous […]

Don’t Worry Everyone, Deloitte Says Everything Is Fine After SolarWinds Hack

From the Wall Street Journal on Dec. 21: Deloitte, infected in late June according to the Journal’s analysis, said in a statement it “has taken steps to address” the malware but hasn’t “observed indications of unauthorized access to our systems at this time.” Along with Deloitte, a WSJ analysis revealed that the suspected Russian hackers […]

Bonus Watch ’20: Oh Right, Deloitte U.S. Employees Got a Bonus Before the Holidays Too

Yesterday we posted a short article about the holiday bonuses that were recently bestowed on employees of EY U.S. EY Canada, which was either $750 or $1,500 depending on rank. (Although EY U.S. employees found out earlier today they are getting mid-year raises. More on that here.) Our lone commenter thus far on the EY […]

Layoff Watch ’20: What In the World Is Happening at Deloitte Canada? (NEW UPDATE)

[Updated on Dec. 14 with additional information.] Heard through the grapevine recently that a third round of job cuts happened at Deloitte Canada in October. A source told us: They did it on a rolling basis in the entire month across service lines. They probably did this in advance of the new hires starting in […]

Deloitte U.S. Delivery Center Employees Should Get the Same Parental Leave Perks As Everyone Else

I am an employee of the Deloitte U.S. firm. I am part of the consulting practice through their U.S. Delivery Center (USDC) model. We work closely with core consultants for Deloitte, often on the same project teams operating at the same level. USDC practitioners have travel capped at 20-30% and our three offices are located […]

Deloitte Consultants Are Wannabe Nerds Who Aren’t Sexy, Says Woman

“Hot and nice nerds have always been sexy, this does not elevate Deloitte consultants who think they’re nerds because they studied poly sci at Upenn.” — Katrina Schmidt, a resident of Washington, DC, when asked her thoughts on MSNBC political analyst and election night “map guy” Steve Kornacki being named one of People’s Sexiest Men […]

Deloitte Australia Secures Bragging Rights As ‘First Big 4 Firm Not to Totally F*ck Staff Cuz Rona or Something’

In a Wednesday message to staff, Deloitte Australia CEO Richard Deutsch shared the good news that although the firm had instituted pay cuts earlier in the year when no one really knew how bad things might get, they’re pulling a Mike Ehrmantraut and making their guys (and gals) whole. Financial Review reports: Big four consulting […]

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

Welp, after 19 years of monotony working at Deloitte, Ryan Haggerty will now be doing the same ol’ tedious stuff at the Philly office of RSM US. We’re just kidding, Ryan. You’re probably having much more fun being on Zoom calls for RSM than for Deloitte: RSM US LLP has further strengthened its health care […]

Deloitte Rules the Windy City Once Again

There are a few things those of us who live in and around Chicago can count on every single year: bad Chicago Bears quarterbacks, the Chicago River dyed green for St. Patrick’s Day, a new lineup of Goose Island Bourbon County stouts on Black Friday, and Deloitte being Chicago’s largest accounting firm. The Green Dot […]

The Financial Reporting Council Felt the Need to Give Deloitte U.K. a Fine For Bad Audit Quality Control

Did you know there is a giant wheel with the names of the six largest accounting firms in Britain—PwC, Deloitte, EY, KPMG, BDO, and Grant Thornton—in a hidden room at the Financial Reporting Council’s office? When the mood strikes them, FRC employees will gather round the big wheel and place bets as the wheel is […]

Deloitte Will Owe a Group of Female Workers In Tennessee $275,000 to Get the DOL Off Its Back

Deloitte has spent a lot of time lately fending off legal claims from former employees. But today, Big D threw in the towel and settled claims of wage discrimination at a Deloitte Services office in the Nashville area by agreeing to pay $275,000 in back wages and interest to 34 female employees. According to the […]

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

BDO of the Australian variety recently snagged a couple of partners from the Green Dot. First, former BDO audit partner John Bresolin got his old job back following a two-year stint as a partner at Deloitte in Sydney. BDO Sydney Managing Partner Grant Saxon said Bresolin started his career with BDO as a cadet in […]

Life at Deloitte Is Obviously Sick of DoorDash and Pining For DU Cafeteria Food

Damn you, ’Rona! One of the things our people remember about the #DeloitteU experience is the amazing food. What’s your favorite food at DU? pic.twitter.com/4nrfkryuC6 — Life at Deloitte (@lifeatdeloitte) October 27, 2020 Related article: Brisket, Blueberries Some of the Best Fare at Deloitte University: Sources

Promotion Watch ’20: Deloitte Adds 195 New Managing Directors

Let’s pass out the cupcakes and green Kool-Aid, and celebrate Deloitte’s new class of managing directors for FY 2021: Bhawna Agarwal, Tax, Deloitte Tax LLP, Jersey City Jon Allred, Audit & Assurance, Deloitte & Touche LLP, Salt Lake City Aaron B. Bairani, Tax, Deloitte Tax LLP, Chicago Melissa Balmer, General Counsel, Deloitte LLP, Stamford Megan […]

Florida Gives Deloitte Consulting a Happy Ending

The saga between Florida and Deloitte Consulting—a relationship bizarre enough to be reported by TMZ or covered by Perez Hilton—keeps on keeping on, as the state’s Agency for Health Care Administration is going ahead with Big D on a potential $135 million contract to overhaul Florida’s Medicaid data system, according to the Tampa Bay Times. […]

Number of the Day: 1,114

That’s how many consultants Deloitte UK has deployed to work on a coronavirus contact tracing project for the UK government. Some other notable numbers: The Department of Health and Social Care (DHSC) has engaged the services of other consultants from McKinsey, BCG, PWC, KPMG and EY as well however the number of consultants from all […]

Let’s All Shed a Tear For Deloitte Partners In the U.K.

Sadly, Deloitte partners are probably going to have to put off buying that new McLaren 720S or Mercedes-Benz S-Class until next year. The Times reported today: Partners at Deloitte are in line for a 17 per cent pay cut after revenue growth slowed during the Covid-19 pandemic. The 709 equity partners of Deloitte’s British arm […]

Deloitte Consulting Is Irresponsible, Lacks Integrity, and Is Unreliable, Says Accenture

“[The Florida Agency for Health Care Administration] ignored information that, by its nature, would be expected to have a strong bearing on whether the intended awardee is ‘responsible,’ that is, whether it has the capability in all respects to fully perform the contract requirements and the integrity and reliability that will assure good faith performance.” […]

Congrats to Deloitte U.K. for Getting the Largest Fine Ever Handed Out by the Financial Reporting Council

PwC is no longer the answer to the trivia question: “Which Big 4 firm in the U.K. received the largest fine from the Financial Reporting Council?” That distinction now belongs to Deloitte. The Queen’s Deloitte was fined £15 million by the U.K.’s audit cops, as well as ordered to pay an additional £5.6 million to […]

Deloitte’s 3.9% Increase In FY 2020 Global Revenue Is the Smallest Growth In About 5 Years

After perusing Deloitte’s FY 2020 global revenue announcement and impact report today, I thought I’d highlight some of the good news and some of the bad news over the past 12 months for D-towners everywhere. First, the good: For the fifth consecutive year, Deloitte has won the Big 4 revenue dick-measuring contest by reporting $47.6 […]

Promotion Watch ’20: Deloitte Adds 125 New Partners and Principals In the U.S.

The names of the newest Deloitte partners and principals for FY 2021 has finally made its way online, but before we recognize this band of overachieving Green Dotters, let’s take a look at the latest class by the numbers: 59: The number of new partners and principals in consulting, the most of any service line, […]

Deloitte Digital Needs to See a Dermatologist

Presented without comment. Happy Saturday, y’all.

Promotion Watch ’20: Deloitte Canada Admits 125 New Partners

We hope you guys aren’t tethered to your desks today and are enjoying your Labor Day. Today is also Labor Labour Day in Canada, and we hope our friends to the north are also enjoying a relaxing day away from the grind. We’re pretty certain the newest partners at Deloitte Canada aren’t cracking open their […]

Deloitte Sued by Ex-Manager for Discrimination Over ‘Smoke and Mirrors’ Family Leave Policy

Lawsuits against the Big 4 firms are a dime a dozen, but discrimination lawsuits make the most headlines. Like the two older CPAs who sued PwC for age discrimination (and WON!) and gender discrimination lawsuits against KPMG and EY, which either didn’t go or hasn’t gone according to plan for the plaintiffs. Now it’s Deloitte’s […]

Pandemic Pay Cuts Didn’t Sit Well with One Deloitte Employee In Australia

Yesterday Adrienne wrote an excellent post about winners and losers in accounting during the coronavirus pandemic. I’ve got one to add to the losers side: Deloitte Australia employees. Why? Not only have most Australian Green Dotters taken a 20% cut in pay since May (which CEO Richard Deutsch said was “the least worst option” to […]

Deloitte’s Winning Bid Amount for $135 Million Medicaid Contract Is Being Kept Secret by Florida for Some Reason

How much did Deloitte Consulting lowball Accenture, IBM, and a couple other bidders to win Florida’s $135 million contract to modernize the state’s Medicaid system? No one is saying, even though state law says bids become public information upon the state announcing the winning bidder, the Tampa Bay Times reported on Aug 24. So according […]

Deloitte Consulting Winning Florida’s $135 Million Medicaid Contract Has Left Accenture and IBM Feeling a Bit Pissy

This blurb was buried in today’s Politico Florida Playbook column: A $135 million Medicaid contract Gov. Ron DeSantis’ administration awarded to Deloitte earlier this month is officially being protested by two competitors who say the process was flawed, state records show. IBM and Accenture, who also bid on the lucrative contract, filed documents with the Agency for […]

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

For today’s edition of “Big 4-on-Big 4 Poaching From Around the World,” we’re heading to Paris where Monitor Deloitte (Green Dotters who specialize in strategery) landed a new partner from its black and yellow rivals. Fabien Delon, 49, graduated from Sciences Po Paris and holds a DEA in Finance from the same school. He has 25 years […]

Awarding Deloitte a New State Contract Just Goes to Show That Florida’s Leadership Is Dumb

Remember those Bud Light Real American Heroes/Real Men of Genius TV and radio ads that were popular 20 years ago? You know, the ones that featured Survivor lead singer Dave Bickler and saluted such folks as “Mr. Giant Foam Finger Maker,” “Mr. Footlong Hot Dog Inventor,” and “Mr. Male Football Cheerleader”? My favorite one was […]

This Deloitte Veteran Made a One-Pager of His Career Highlights on His Way Out the Door

Over the years, we’ve shared countless firm farewells with you. From viral rants about Beyonce and fake auditors to sappy, totally unnecessary prose about how much they’ll miss the firm, farewell emails are as varied as the soon-to-be-former grunts who write them. Sometimes, they’re just awful, like the tax associate who wrote this actual garbage […]

Deloitte Sucked the Least In Latest Batch of U.K. Audit Quality Inspection Reports

A couple weeks ago the Financial Reporting Council in the U.K. released the results of its latest inspections of the Big 4 firms plus Grant Thornton, BDO, and Mazars, and it was the same ol’ story: audit quality is still really bad. How bad? Like one-third of the 88 audits reviewed during the 2019-20 inspection […]

Deloitte Australia Has This Corporate Bullying Thing Down Pat

“It’s using COVID as a lever to change their working conditions. They have no choice — if they say no to the pay cut, they may lose their job, if they say yes, they might lose their job anyway. “Most would have accepted a pay cut because they thought it would save jobs. “In their […]

Apparently the Shocking Thing About Ivy Leaguer Fired by Deloitte For Her TikTok Rant Is That an Ivy Leaguer Would Want to Work at Deloitte

Surely by now you’ve all heard of the Harvard grad fired by Deloitte before she even served a single day for the firm after a politically-charged TikTok video of hers went viral. It seems Deloitte doesn’t like it when their incoming consultants threaten to stab people, even if said threat is really just “an analogy” […]

Layoff Watch ’20: Deloitte’s Purging Continues, This Time In Australia

Deloitte, which couldn’t help patting itself on the back last week for forecasting a record-breaking $48 billion in global revenue for FY 2020, has just sent hundreds of more employees to the chopping block. First, the firm sent between 300 and 400 Canadian employees packing in May, then more than 5,000 U.S. employees have received […]

Auditor Swap: General Electric and KPMG Officially Call It Quits

A love affair that spanned more than 110 years is coming to an end. General Electric announced today that it and KPMG are going their separate ways after this year. And GE’s new external auditing paramour is Deloitte. Here’s the statement GE released on Monday morning: GE (NYSE:GE) announced today that, following a thorough and […]

Deloitte Is Already Bragging About How Great Its Global Revenues Are For FY 2020

PwC, EY, and KPMG are still looking at Deloitte’s tail lights. For the fifth straight year, Deloitte will win the Big 4 dick-measuring contest in terms of annual global revenue, according to an Australian Financial Review report. Deloitte expects a strong finish to the 2020 financial year despite the effects of the COVID-19 pandemic and […]

Layoff Watch ’20: Deloitte Has Begun Handing Out Thousands Of Pink Slips (UPDATE)

[Updated on June 12 with some additional information.] We’ve got some new info to share today, at least from the Deloitte & Touche side of things. A tipster told us the following things were said by D&T CEO Lara Abrash this morning during a call with her audit and assurance peeps: She confirmed what we […]

Does Punit Renjen Not Realize Deloitte U.S. Is Laying Off Thousands of People During a Pandemic?

While I’m sure he had good intentions, the timing of this tweet by Deloitte Global CEO Punit Renjen is a little questionable given that Deloitte U.S. is currently getting rid of roughly 5,000 or so employees and furloughing many more during the COVID-19 crisis. How’s that helping these people thrive during the worst pandemic in […]

Deloitte’s 2018 PCAOB Inspection Report Shows They’ve Gotten a Lot Better At This Thing Called Auditing

So the PCAOB did a thing today. Everyone’s favorite audit regulator released the 2018 inspection reports for the Big 4, Grant Thornton, and BDO USA this morning in a “new user-friendly format.” And they’re actually pretty sleek-looking and informative. A couple years ago, Caleb called PCAOB inspection reports “beach reads” because executive summaries had been […]

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

Last week we told you guys about Deloitte Ireland helping a longtime PwC tax director achieve his dream of becoming a Big 4 partner. In today’s edition of “Big 4-on-Big 4 Poaching From Around the World,” we head to Switzerland, where a PwCer-turned-Deloitter is coming back home to Papa Whiskey Charlie. Richard Geldart rejoined PwC […]

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

Today’s edition of “Big 4-on-Big 4 Poaching From Around the World” takes us to lovely Dublin IRL, where a longtime tax director at PwC Ireland has gone to the Green Side. Deloitte is pleased to announce that Ronan Ferry has been appointed a partner in its tax practice. Ronan will lead the Tax Management Consulting (TMC) team […]

Deloitte Sued By Unemployed Ohioans Who Are Unhappy Their SSNs and Addresses Were Visible For All to See

Welp, that didn’t take long: Deloitte Consulting LLP was hit with two suits by people who claim their personal information was exposed on state websites the firm built to administer supplemental coronavirus unemployment benefits. A group of Ohio residents sued Deloitte late Thursday in Manhattan federal court, after officials in that state, Illinois and Colorado disclosed […]

Deloitte Is Giving Unemployed Gig Workers In Some States Something Extra to Worry About

Imagine being an out-of-work independent contractor living in Ohio during this pandemic, anxious and unsure of when you’re actually going to get some financial assistance from the state because Ohio’s unemployment systems are being blown up with regular unemployment claims. Finally you get word that you can now file for unemployment benefits through the new […]

Please Don’t Call Deloitte If Your House Is On Fire

“Hiring Deloitte [to manage PPE procurement] was a funny thing to do. If there is a fire, you don’t call the auditor, you call the fire service.” — said an anonymous clothing manufacturer based in northern England, who said Deloitte has ignored his company’s offers to make medical gowns for healthcare workers on the front […]

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

People who know, know BDO … just L-O-V-E-S poaching the Big 4, especially in Canada. It makes Bravo Delta Oscar feel all puffy-chested. Lately, Deloitte Canada has been a partner training ground for future BDOers, as weird as that sounds. In early March, Erica McCurdy joined BDO as a partner after a 10-year career at […]

Florida Governor Is Not Impressed with Deloitte’s Handiwork

“It was designed with all these different things, basically to fail, I think. This thing was a clunker, there’s no doubt about it.” — Florida Gov. Ron DeSantis said about the state’s unemployment claims website, CONNECT, which was built by Deloitte Consulting in 2013 when Rick Scott was Florida governor. The system has pretty much […]

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

Unless it’s buried in the archive somewhere, it’s hard to believe that in the almost 11-year history of this website we’ve never done a post about Deloitte poaching someone from EY (although we have pointed out that EY has lurked in Deloitte’s LinkedIn group looking for new warm bodies), but here we are. Because there […]