I hear from a trustworthy source that exiting Ernst & Young CEO Jim Turley was […]
Category: Big 4
If it happens at a Big 4 accounting firm, we’re talking about it here.
CEO Finds KPMG Hong Kong Auditors to Be Arrogant, Incompetent, Ignorant, Indifferent OH! And Unprofessional, Can’t Forget Unprofessional
It's not really that odd that someone would sue an auditor for $100 million. It's […]
You Can Officially Check “Updated COSO Internal Control – Integrated Framework” Off Your Wish List
Another Festivus miracle! The Committee of Sponsoring Organizations of the Treadway Commission (COSO) – an […]
Your Friday Completely Out Of Context PowerPoint Slide Is Brought To You By Deloitte
After our post on PwC’s credibility crisis we received a number of emails regarding the […]
Right Now KPMG CEO John Veihmeyer Is Locked in His Office Watching This Clip From “Rudy” Over and Over and Fighting Tears
This far from being Notre Dame's Jerry Sandusky moment but it still has to hurt. […]
KPMG Knows Something Jon Corzine Doesn’t Know
Looks like somebody owes someone a BIG thank you: MF Global Holdings Ltd.’s U.K. administrator […]
PwC Thinks All the Ladies (Single or Not) Need to Find Themselves Some Credibility
Yesterday we touched on E&Y and Deloitte's breakthrough discovery that women are underrepresented in leadership roles […]
E&Y and Deloitte Are Here to Remind You That Women Are Grossly Underrepresented in the Old Boys’ Club
You might have read this morning that Avon's CEO Andrea Jung is being forced out. Okay, […]
A Severe Breakout of Reply All Emails Gets One Frustrated PwC Employee to Admit That the Firm Is “Just a Bunch of Idiots”
When an accounting firm hires someone new, there are assumptions that they make about that […]
Hiring Watch ’12: KPMG Is Looking for a Few Good Temporary Auditors
Busy season is right around the corner and for many auditors, that means hating your […]
PwC Poaches a (Former) KPMG Partner and Issues a Press Release, Part VII
As we've discussed, PwC has been on a bit of a hiring spree for partners […]
It Sounds Like KPMG Is *ThisClose* to Jumping Ernst & Young in Revenues
Not sure how we missed this story but thanks to the random commenter who brought it to our attention. New KPMG Global Chairman Michael Andrew was recently interviewed by The Australian and it sounds like KPMG had a pretty kickass fiscal 2011.
We’re still waiting for the official revenue numbers (I’m guessing they’ll be out next week) but Drew kinda spilled the beans already:
New KPMG global chairman Michael Andrew revealed to The Weekend Australian yesterday that the company had recorded a 10.1 per cent increase in revenue in the past financial year, to $22.7 billion. The numbers are due to be released officially later this month.
“If we had not had the Japanese earthquake, I suspect we would have gone past Ernst & Young. Japan is a good market for us. We had really good growth in the Americas and really good growth in tax,” he said yesterday.
FUCKING JAPAN AND YOUR EPIC NATURAL DISASTER! You just cost one of the premier professional services firms on EARTH the chance to leave a rival in the dust. Since there was enormous death and destruction, I guess everyone at the firm will let this go but they’re trying really hard not to throw out some pro forma numbers just for the sake of argument. ANYWAY, for those of you scoring at home, the $22.7 bil puts the House of Klynveld slightly behind E&Y who racked up $22.9 billion for FY ’11. It will also make for the second straight year of a bumper crop of Omaha Steaks for the employees at the firm.
But despite earthquakes and actual hard numbers, Mike is calling it like he sees it:
“We are basically equal No 3. There is still a big gap to PwC and Deloitte, which have been buying large consulting practices in the systems implementation area.”
In other words, if all things were equal, KPMG would probably be the largest firm. They’re just keeping their heads about it.
KPMG grows to match rival Ernst & Young [The Australian]