When accounting goes unaccounted for
Color us surprised:
A Broward County jury on Wednesday dealt a small blow to Ernst & Young in a negligence and fraud lawsuit, deciding that the accounting giant was only marginally negligent for a local businessman’s losses in connection with the demise of Superior Bank in 2001.
UPDATE, 7:00 pm EST, E&Y Statement: We believe we should have prevailed and will seek appropriate relief from the courts.
Ernst & Young to pay $10M in Superior Bank lawsuit [Triangle Business Journal]
After a jury ruled in Deloitte’s favor in a lawsuit that could’ve cost them $850 […]
It only took a year for 32-year-old Danie Baker of Seattle to go from working […]
The first reports of Deloitte raises for audit professionals have come in from the Mid-America Region:
I’m surprised to see absolutely nothing posted about Deloitte raises. We have had the raise discussions in my office for staff and seniors, no double digit raises in sight. AIP (bonus) for Seniors and above. Managers- TBA.
Mid America Region- it’s looking like 2-9% for staff/seniors. AIP is supposed to be in the range of 2-12%, but that is the range for both seniors and managers. I spoke with a friend in another office in my region and their raises are looking pretty consistent, if not lower. Starting salaries are frozen- start classes from fall 09, 10, 11 will all at the same rate.
This is the earliest word we’ve received and comments have suggested that more news would come early next week. The tax practice still has their town halls next Tuesday but that could be to explain the numbers if in fact they are similar to audit’s.
So this could be a John Kerry-esque exit polls effect or maybe this is a sign of things to come. Either way, if you’ve gotten word, discuss below and keep us updated with any developments.