September 22, 2021

Big 4

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

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

RIP Greg Pellegrino, Deloitte Executive Branch Affairs Leader

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Important Audit Professional Takeaways from Botta v. PwC Closing Arguments

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

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

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

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

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

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

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

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

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

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

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

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

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

Successful Whistleblower Slings Some More Mud at EY

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

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

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

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

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

Tweet of the Day: KPMG Frightens Dog

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

Another Big 4 Firm Sticks It to Women

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

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

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

PwC Peeper Finally Gets Jail Time For His Upskirt Photo Fetish

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

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

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

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

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

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

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

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

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

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

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

PwC Building In New Zealand Evacuated After Bomb Threat

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

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

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

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

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

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

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

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, […]

PwC Tried to Recruit a Former Auditor Who Is Suing Them So Don’t Ever Sweat Burning Bridges Again

When it comes time to think about leaving public accounting, which happens for 99% of public accountants except for those brave and oddly-programmed individuals who are cut out for the partner track, one of the foremost considerations in any exasperated public accountant’s mind is: how can I do this without burning bridges? From the time […]

Tweet of the Day: New Competition Show For Big 4 Accountants Is (Probably Not) Coming to Fox

This was tweeted last night by New York Times culture reporter and author Dave Itzkoff after seeing the defenders of the ballots from EY on stage at the Golden Globe Awards: The Masked Accountant, this spring on Fox pic.twitter.com/fQ34Rnjv3D — Dave Itzkoff (@ditzkoff) March 1, 2021 *Chef’s kiss* Related article: EY Is Bringing Its Shiny […]

Talent-Strapped PwC Is That Desperate Ex Texting You With ‘WYD’ After You’ve Moved On

Leaving public accounting is rarely an easy decision, even when the choices are “stay or have a crippling nervous breakdown.” It’s not that the decision itself is hard, rather the consequences of taking an oftentimes necessary leap can lead to difficulties in securing subsequent employment if, as your accounting professors would have you believe, walking […]

Big 4 Lawsuits: Mauro Botta vs. PwC and VBS Mutual Bank Liquidators vs. KPMG

PwC ‘Punished’ Thorough Auditing, Whistleblower Testifies [Law360] A couple Augusts ago, Adrienne wrote about an academic study that revealed the market for audit services penalizes audit firms for disclosing information critical of management in their audit opinions and that audit firms that find internal control material weaknesses experience lower client and fee growth. In other […]

Wirecard Drama of the Day: Hubert Barth Was Most Likely Forced Out as EY Germany CEO

Whether it’s in the sports world or the business world, whenever you see a press release or an article that says, “[PERSON’S NAME] is stepping down from [HIS/HER] role as [EXECUTIVE JOB TITLE] and will be taking another position with the [TEAM NAME/COMPANY NAME],” it’s because that person sucked at his/her job or something bad […]

Two Ex-KPMG Auditors Were Told By the SEC to Have a Seat On the Sidelines For a While

Two former KPMG auditors who worked on the ill-fated audit of a not-for-profit college agreed to having their wrists slapped by the SEC for their roles in the school’s collapse: The Securities and Exchange Commission today suspended two former KPMG auditors [Christopher Stanley and Jennifer Stewart] from practicing before the SEC in connection with settled […]

EY Employees Are Building a Better Working World One Colored Pencil At a Time

EY employees have had to endure a lot of crap in the past six months, most notably seeing many of their colleagues and friends lose their jobs and being told by management they have an “entitlement mentality” when it comes to vacation and then having unlimited PTO shoved down their throats. But as a reward […]

Vault Consulting 50: Somehow Deloitte Still Has Prestige On Its Side (2021)

It was big news around these parts when we found out Deloitte Consulting was kicked off the Big 4 throne by EY-Parthenon in Vault’s most recent ranking of the 50 best consulting firms to work for. Deloitte had held down fourth place (No. 1 among the Big 4) for five consecutive years, so it was […]

Right or Wrong: Bill Michael Is No Longer KPMG U.K. Chairman Because He Didn’t Mollycoddle Millennials and Zoomers

After a roller coaster of a week that ended with the fall of Bill Michael at KPMG, it is time to don the forensics hat to determine how it went horribly wrong. The Titanic may have hit an iceberg, but where did Michael trip over his didgeridoo? Michael the F-bomber: Ben Marlow, a business columnist […]

KPMG U.K. Chairman Makes Himself Scarce After Calling His Staff Whiny Little Bitches

[UPDATE] Bill Michael quit today, according to the Financial Times and other U.K. outlets. “I am truly sorry that my words have caused hurt amongst my colleagues and for the impact the events of this week have had on them,” Michael said in a statement on Friday. “In light of that, I regard my position […]

Layoff Watch ’21: EY Gave Client Technology Staffers a Parting Gift As They Were Being Kicked to the Curb

Before we recently learned what was happening behind the scenes with workplace services staff and on-site technology support employees at EY, we got tipped off from someone in client technology that his/her and others’ jobs were being eliminated or offshored. After a couple of weeks of not hearing anything else about what was going on […]

Vault Consulting 50: Deloitte’s Reign Over the Big 4 Has Ended (2021)

For the past five years, Deloitte has cozily sat in fourth place in the Vault Consulting 50, which was tops among the Big 4’s consulting practices and only a few spots behind the usual suspects: Bain, Boston Consulting Group, and McKinsey. But in Vault’s latest ranking of the 50 best consulting firms to work for […]

KPMG Rocks signs held by a woman in a KPMG shirt

LOL, PwC: For Once, KPMG Doesn’t Have the Worst Audit Failure Rate Among the Big 4

Because it’s #TriviaTuesday, here are a couple of questions regarding PCAOB inspection reports: When was the last time KPMG did not have the worst audit deficiency rate among the Big 4? When was the last time KPMG had a lower deficiency rate than PwC? The answer to the first question is 2013’s inspection reports, when […]

EY Isn’t Botching As Many Audits These Days, According to Latest PCAOB Inspection Report

The Big 4 firm behind the most boring TV ad during Super Bowl LV last night has shown improvements in audit quality in its last two PCAOB inspection reports. Some may say that EY having a former PCAOB member on its Independent Audit Quality Committee is why the number of EY audits with deficiencies is […]

Which Firm Was the Biggest Loser In the Last Auditor Shuffle of 2020?

The fourth quarter of 2020 had some new winners and losers in the game of auditor musical chairs, as there were 16 new engagements and 41 client departures among the 12 major global and national audit firms between Oct. 1 and Dec. 31, according to Audit Analytics. Of the top 12 firms, Deloitte gained the […]

EY U.S. Chair Kelly Grier Is Super Excited About EY’s Super Bowl Ad, You Guys

All those employees sent packing last September and October and going to unlimited PTO must have freed up enough money for EY to blow on an ad debuting during tomorrow’s Super Bowl between the Kansas City Chiefs and the Tampa Bay Buccaneers. And no one is more pumped about it than Kelly Grier, EY U.S. […]

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 […]

For Now, PwC’s Audit Quality Stinks

In Footnotes last Friday, we highlighted a recent Accounting Today article about PwC finally taking audit quality seriously what measures PwC is taking to improve audit quality. In the article, Wes Bricker, PwC’s U.S. assurance leader and former SEC chief accountant, dropped a bomb—a Bricker bomb, if you will—about the most recent PCAOB inspections cycle: […]

KPMG U.K. Partners Took One For the Team

Those partners at KPMG U.K. who are living a lavish lifestyle might have to cut back on the golfing and become more frugal after the firm slashed their pay by 11% so more of their subordinates can stay employed. The Financial Times reported on Wednesday: Average partner profit distribution has been cut by 11 per […]

Number of the Day: 5,447

No, that’s not the combined number of sit-ups and push-ups PwC Chairman Tim Ryan does in a week. It’s the number of SEC-registered clients across the mutual fund spectrum that are audited by PwC, according to a recent Audit Analytics analysis. And as Audit Analytics noted, PwC has a stranglehold on mutual fund engagements, with […]

ey orlando

Layoff Watch ’21: EY On-Site Technology Support Employees Were Also Given a Voluntary Early Retirement Offer

We learned yesterday that EY is transitioning the workplace services portion of its enterprise support services team to real estate firm CBRE, which also specializes in facilities management. So workplace services staff have a choice to make: apply for a role with CBRE or voluntarily take an early retirement offer. Today we learned that about […]

The Olds vs. PwC: Federal Judge Seems Fine with Age Discrimination Lawsuit Settlement (UPDATE)

The $11.6 million settlement reached last March between PwC and two accountants who claimed they weren’t hired for associate positions with the firm because of their older age is a done deal. All that’s left is getting attorney fees figured out. Law360 reported on Jan. 27: A California federal judge said Wednesday he’ll approve PricewaterhouseCoopers […]

Layoff Watch ’21: EY Workplace Services Coordinators Apparently Have a Decision to Make

[Updated this evening with additional information.] This was sent to our tipline last night: All workplace services coordinators at EY will have to go work for a contractor or be fired. They are telling employees tomorrow. They are making a big deal by saying this is not a lay off. Admins and IT will be […]

Did PwC Actually Pay Off Audit Staff to Do Inventory Counts Out of Desperation?

According to this recent post on Fishbowl, the answer is yes: Hey, if you’re a low man or woman on the totem pole at PwC, didn’t mind traveling to a client site during a pandemic, and if you didn’t mind working during #PwCTakesABreak or whatever the hell PwC calls its two-week time-off period before busy […]

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 […]

Number of the Day: 15.3%

The Queen’s EY recently released its 2020 Pay Gap Report, and the good news is the gender pay gap among EY U.K. staff is slowly closing, but the bad news is the ethnicity pay gap is growing. Chairman Hywel Ball said: I am pleased that our gender pay gap has improved by 4.7%, achieved by […]

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

With Mark Andrus retiring later this summer, Grant Thornton needed to find someone to succeed him as leader of the firm’s R&D Tax Credit Services practice. GT did, and he has Big 4 chops: Keith Nickels has joined Grant Thornton LLP as a Tax partner and national leader of the firm’s Research and Development (R&D) […]

RIP Jack Ryan, Senior Digital Marketing Manager at PwC U.K.

Really sad news from the U.K., where a PwC marketing manager was struck by a car and killed while jogging last week at a notoriously dangerous spot for pedestrians in Chelsea. Birmingham Mail reported: Jack Ryan was struck by an oncoming Range Rover on Wednesday, January 13 at around 6pm close to Battersea Bridge in […]

Ex-KPMG CEO Lynne Doughtie Adds Another Board Seat Notch to Her Belt

Lynne Doughtie has been busy padding the “Corporate Board Experience” portion of her résumé. A little more than a month after joining the Board of Advisors of NovaSignal Corp., the former KPMG CEO joined her first corporate board of directors on Jan. 15 where she’ll have to learn all things jumbo jet. And she’ll be […]

There Will Soon Be a Botham Jean Boulevard In Dallas Named After Slain PwC Accountant

Kudos to all 15 members of the Dallas City Council for ultimately agreeing to honor murdered PwC accountant Botham Jean in this way. The Dallas Morning News reported on Jan. 13: The Dallas City Council on Wednesday unanimously approved renaming about four miles of South Lamar Street in memory of Botham Jean. He was shot to […]

Ex-KPMG Advisory Employee Is Pissed Off By Wave of New Hires Following Mass Layoffs

I was one of the many lucky individuals laid off from KPMG US Advisory last October. I was catching up with one of my former colleagues earlier and learned that at least 10 people have recently been hired to the group that I was let go from, ranging in levels from associate all the way […]

Lakehouse Is Reopening Soon For KPMG Kampers

Since March, the $450 million, 780,000-square-foot cruise ship on land known as KPMG Lakehouse has sat dark and collected dust in Lake Nona, FL. Kamp KPMG had its grand opening only two months earlier before being temporarily closed due to the Rona. But there’s good news for KPMG kampers: Lakehouse will be opening its doors […]

Political Contributions Watch: Big 4 Suspends Donations to Lawmakers Who Voted Against Certifying Election Results

Here is how the Big 4 firms are responding to last week’s riot on the U.S. Capitol and Republican lawmakers who voted against certifying the presidential election: Deloitte Capitol siege reaction: Here is a letter to staff signed by CEO Joe Ucuzoglu and Board Chairman Janet Foutty: Colleagues, We wanted to share some brief thoughts […]

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

There probably aren’t too many accountants who can say they’ve worked as head of tax at both Grant Thornton and KPMG in Scotland, but if such a club exists, Vishal Chopra is its newest member. Several news outlets in the U.K. have reported on Chopra’s recent move from GT to the House of Klynveld, including […]

This EY Manager’s Expectations of Staff Are Slightly Unreasonable And By Slightly We Mean Holy F*ck Dude

It’s Friday, which means at least one of your colleagues will probably have some last-minute issue exactly at 4 p.m. (or whatever your 4 p.m. would be if you worked normal hours like most employed human beings) that absolutely must be resolved before you can call it a day. Or perhaps you have a manager […]

PwC Traps Employees For Financial Penalties

PwC just fined me 3% of my annual pay for not reporting a few stocks that my spouse bought prior to the time when I joined the firm. Note this is not a conflict of interest issue or insider trading issue because the stocks my spouse owned had no connection with PwC’s client. When I […]

It Seems PwC Issues Reports On Just About Everything, Including Babies

The Telegraph reported the following from PwC’s Lamaze practice (probably): Britain faces a baby bust this year as Covid and lockdown wreck the plans of millions of would-be parents. The birth rate could fall to its lowest level on record as chaos from the pandemic forces couples to delay starting a family and lockdown measures […]

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 […]

Promotion Watch ’21: KPMG Australia Admits 33 New Partners

Early January is typically a slow time of year for public accounting news, so in order for us to fill our posting quotas for the week, here are the 20 men and 13 women who became partners at KPMG Australia on Jan. 1: Audit, Assurance, and Risk Consulting Glenn Brooks Audit & Assurance Perth Nicola […]

2020: The Year of a Thousand Cuts

When the largest public accounting firms in the U.S. had their employees move their battlestations from the office to home in mid-March because of the coronavirus pandemic, we had no idea what was going to happen next. But some accountants who worked at the Big 4 and the top midtier firms during the financial crisis […]

Number of the Day: $157 Billion

The year of our COVID Lord 2020 proved to be the biggest challenge the Big 4 firms have faced since the financial crisis, as the pandemic wreaked havoc on global revenue forecasts that looked so promising at the start of each firm’s fiscal year. Deloitte, PwC, EY, and KPMG had combined global revenue of approximately […]

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 […]

Hiring Watch ’21: EY India Is On the Hunt For Thousands of Techies

Press Trust of India reported on Dec. 24 that EY is going on a hiring spree in India next year: Global professional services organisation EY on Thursday announced that it would be inducting in 2021 about 9,000 new hires in India. These will be in various technology roles across all member firms including the global […]

PwCers Got a Holiday Concert, What’d You Get?

It’s about that time to start comparing what paltry branded goods everyone is swapping in the name of Christmas (or Hanukkah or winter solstice or whatever it is you choose to celebrate in this, the last mile of the year), a favorite pastime of accountants everywhere. We’re hearing PwCers were treated to a “concert” (via […]

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 […]

Compensation Watch ’20: Who Is Getting Mid-Year Raises At KPMG?

With all this talk about mid-year raises at PwC starting Jan. 1, $1,500 holiday/mid-year bonuses at Deloitte, and mid-year salary bumps at EY effective Jan. 9, all we’ve heard are crickets on our tipline about what’s going on at KPMG. But I did notice this post on Fishbowl last Friday: In a different post on […]

Boo-hoo: A Certain U.K. Online Fashion Retailer Might Have a Hard Time Finding a New Auditor (UPDATE)

[Updated on Dec. 21 with additional information.] Something called PKF Littlejohn will replace PwC as auditor of scandal-ridden U.K. online fashion retailer Boohoo. The Guardian reported earlier today: The online fashion retailer Boohoo has hired a new auditor after the resignation of the “big four” accountancy firm PwC amid accusations that workers’ health and rights had […]

Drunken PwCer Who Groped a Woman On a Plane Will Live to Reconcile Another Day

Many years ago, someone who definitely isn’t me had the bright idea to eat half a pot cookie on her way to the airport before a red-eye flight from San Francisco to New York. After all, late-night flights are rarely delayed, right? What’s the worst that could happen? Well, in her case the worst that […]

Oof. KPMG’s 2020 Global Revenue Got All F’d Up By the Rona

I had it all planned out. Knowing that KPMG would likely announce its 2020 global revenue this week, I was going to give KPMG kudos and kongratulations and golf claps for finally hitting the $30 billion mark, which would be an all-time high for the firm. And then troll KPMG a little for being the […]

Compensation Watch ’20: EY Employees Don’t Get Screwed For Once

Yesterday, my esteemed colleague Bramwell regaled you with tales of boring lines at Starbucks along with the latest buzz on bonuses at EY Canada, while also insinuating that EY U.S. had already given its people a substantial gift when they announced unlimited PTO in October. That last bit is obviously a joke, perhaps not too […]

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 […]

TIL: There Are a Slew of Chinese Communist Party Members Who Work At the Queen’s Big 4

“This is a bizarre and scandalous state of affairs. Putting aside any espionage risk, which is clearly highly serious in itself, surely there are significant questions to be answered about client confidentially. If I was a client of these firms, would I really want my sensitive business information being discussed by people with links to […]

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 […]

Bonus Watch ’20: EY Canada Made It Rain Christmas Bonuses

On Saturday while I was waiting in line at Starbucks, I was scrolling Reddit and saw a couple posts on r/Big4 about EY of the Canadian variety handing out Christmas bonuses to senior managers on down. According to one post, here’s what everybody got: $1,500 for managers and senior managers $750 for staff and seniors […]

No Foolin’, EY Extends Work From Home to At Least April 2021

Last we checked in on the ongoing work-from-home situation at EY in August, EY Americas vice chair of risk management Jay Persaud told his firm’s beloved army of waffles and pancakes they should expect to stay home until at least January 2021. Not to scare anyone but January 2021 is 21 days from now. It […]

Compensation Watch ’20: PwC Making Mid-Year Salary Adjustments For Everyone

Christmas came early for those donning the orange, red, and yellow, as PwC employees were told the following today during a firmwide webcast, according to a tipster (bold emphasis added): PwC avoided layoffs by freezing pay, paid (smaller than target but still substantial) bonuses in the fall, now increasing base pay for nearly all staff […]

KPMG Auditors Working From Home During a Pandemic Was a Major Inconvenience For One CEO

From the Wall Street Journal: [Emerson Electric CEO David Farr] had just gotten off the phone with KPMG LLC, Emerson’s auditors since 1938, and he was steaming. The problem: It was June and they were still working from home. “Look. I make s—, and you can’t tell me how I’m making s— when you’re sitting […]

Ex-KPMG CEO Lynne Doughtie Is Following the Post-Big 4 Playbook

This post is ONLY for those of you at KPMG who have been losing sleep thinking about which company board Lynne Doughtie would be joining now that her Big 4 career is over. Here’s the answer: NovaSignal Corp., a medical technology and data company specializing in assessing cerebral blood flow, announced today that Lynne Doughtie […]

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

Not only are there two former EY tax wonks who are part of the latest class of tax partners and managing directors at KPMG but there’s also a PwC refugee. From a KPMG announcement posted by Tax Grotto: Jeremy Jester has rejoined KPMG as a managing director in its SALT practice. He has nearly 15 years […]

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 […]

KPMG Rocks signs held by a woman in a KPMG shirt

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

Back in March (which seems like three years ago) KPMG introduced its latest senior tax hires, which included a couple folks the Radio Station snagged from PwC and a few former EYers. Late last month, KPMG sent out another missive that included its latest round of senior tax hires, two of whom came from EY. […]

Last Indicted Ex-KPMG Partner to Be Sentenced In PCAOB Scandal Won’t Be Going to Prison

Almost three years after being indicted for his involvement in one of the biggest ethics debacles in public accounting history, former KPMG partner Thomas Whittle was sentenced today to two years of supervised release. And that’s all, folks. The six accountants who were charged with fraud and conspiracy by the feds on Jan. 22, 2018, […]

The Big 4, Equity, Diversity, and Inclusion: Is it Just Corporate BS?

I am a Big 4 alum and I spent many years in the audit profession before I transitioned to academia. I teach accounting in the Southeast at a Hispanic-Serving Institution (HSI), which means that at least 25% of the students are Hispanic. I am also Hispanic. I grew up at Deloitte, the same as Joe […]

KPMG Managing Director Alan White Reported Missing By Family; Reward Increased to $20,000; Dallas Police Considers White ‘Endangered’ (UPDATE)

[Updated on Dec. 2 with LinkedIn post from KPMG Dallas office managing partner.] No new updates on the whereabouts of KPMG Dallas Managing Director James Alan White, who has been missing since Oct. 22. One thing I haven’t seen in any of the reporting in Dallas and around the country about White’s disappearance is a […]

Which Big 4 Firm Was the Biggest Loser In the Third Auditor Shuffle of 2020?

Now that Accounting Today has published the most recent data from Audit Analytics on who won and who lost the game of auditor musical chairs in the third quarter, let’s take a look at which firm(s) resigned or were fired the most by clients and who the beneficiaries were. All in all there were 33 […]