Please ensure Javascript is enabled for purposes of website accessibility

Did Bands Play When KPMG U.K. Asked Employees to Hand Over Their Work Phones?

After Tabby Kinder of the Financial Times broke the story on Sept. 30 about KPMG U.K. taking back all the mobile phones that it had issued to hundreds of employees to cut costs, she shared a text on Twitter she got from an accountant that I found humorous because the accountant found the topic of her article humorous.

So what’s this person talking about? Apparently KPMG threw a fancy shindig for its employees in late September 2014.

The Evening Standard reported:

The Big Four accountancy firms have come in for heavy criticism in recent years for overcharging clients, giving bad advice and promoting dozens of tax avoidance schemes.

So what did KPMG do to allay fears that its bean-counters get too much money? Why, throw a multi-million-pound party for its 12,000 employees, of course.

For the event, billed as a “team-building” experience, partners had a whip round and hired the O2 Arena in Greenwich.

Staff were entertained by Tinie Tempah, Madness and Florence and the Machine, given motivational talks by Jamie Oliver, 7/7 survivor and Paralympian Martine Wright, former South African leader FW de Klerk and Sir Bob Geldof.

Madness??? Really? Why, because Simon Collins is a rude boy?

Five years later, no more free phones for everyone. No truth to the rumor that KPMG hired Morrissey to provide the depressing soundtrack as KPMG employees handed in their work phones.

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Related articles

Bonus Season Is Not Looking Good at the King’s KPMG

According to reporting across the pond (including this story from City A.M. we shall be quoting in a moment), KPMG UKers are not going to have a fruitful bonus season due in large part to a slowdown in business. KPMG has slashed the bonus pool of its UK workforce and reined in commission for salespeople […]

Broken lightbulb isolated on white

Kill the Audit Industry, Says Ex-Auditor

In the WaPo opinion pages yesterday one Duncan Mavin, who got his start in the 90s, says the best way to solve the audit industry’s many conflicts is to kill it altogether. He starts the piece summoning the ghost of Enron, as all writers do when discussing what happens when audit goes wrong. Bringing things […]