When accounting goes unaccounted for
That polar bear’s name? Albert Einstein.
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You can try to blame the Obama Administration’s anti-business policies but you really only have yourself to blame. Get with it people.
Business analytics represents the ability to rapidly harness massive amounts of data for modeling complex situations and predicting potential outcomes and alternatives. This presents enormous potential value for business leaders to make more informed, fact-based and ultimately better business decisions. Yet, in a recent Deloitte webcast poll of more than 1,900 technology executives and business professionals, approximately one-third of the participants either didn’t know if their organization utilized business analytics – or even if they had business analytics capabilities at all.
“Mind-boggling,” said John Lucker, a principal with Deloitte Consulting LLP, leader of its Advanced Analytics and Modeling practice, and one of the webcast presenters. “Organizations have ever more depth and breadth of information readily available within their grasp, and the technology and methods to extract and help synthesize the data are well proven. When you see the low levels of adoption, you have to ask the question, ‘Why aren’t more companies doing it?'”
Deloitte Webcast Poll: One-Third of Organizations Have Limited or No Business Analytics Capabilities [PR Newswire]
Deloitte is hiring about 3,000 people in India as part of their hiring bonanza and global CEO Jim Quigley dug into his bag of boilerplate statements to express his excitement:
“India is an extremely important market for Deloitte. As…Opportunities in the new economic environment emerge in India, Deloitte with its focus on hiring, developing, and deploying the best talent in the region, will help clients capitalise on these new market initiatives,” Deloitte Global CEO Jim Quigley told reporters here.
Right. So nothing new there. However, Quigs thinks that it’d be really swell if TPTB in India would change their mind about letting the Big 4 provide audit services there:
Quigley also made a case for India to open up its market and allow global audit firms to practice here, besides providing consulting and advisory assistance.
Allowing international accounting firms to practice here would require India to negotiate and allow the service to be accessed under the World Trade Organisation (WTO). At present, India has not opened up services like audit and law for foreign practitioners.
“I urge the Indian authorities to give a serious thought to allowing global audit firms to practice here. It is for the betterment of accounting professionals. A mutual recognition is required out of foreign direct investment,” Quigley said.
See? It’s not just about the biggest firm in the known universe getting bigger, it’s for the betterment for the entire accounting race. There’s so much fun to be had. The Satyams of the world are once in a blue moon.