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People and Talent
PwC India plans to create 20,000 additional jobs in next five years [International Accounting Bulletin]
PwC India has unveiled plans to increase its employee base to 50,000 over the next five years with the creation of 20,000 new jobs.
Head of Prominent Tri-Valley Accounting Firm Honored [The Independent (California)]
John Sensiba, managing partner of the Sensiba LLP accounting firm, has been recognized by the Golden Gate Area Council (GGAC) of Scouting as this year’s Distinguished Citizen. As the 19th recipient of the award, Sensiba joins a long list of individuals, such as Eagle Scout and Alameda County Supervisor David Haubert and former U.S. Secretary of State George Shultz, who have also been chosen for their exceptional leadership, service and commitment to their community.
Accountancy firm recruits new director through TikTok campaign [Insider Media]
The firm spent nearly two years using traditional recruiting methods, including employing a head-hunter and working its 30,000 LinkedIn connections. However, it was unable to find a tax specialist with the right combination of skills and personality. The team decided to try a new tactic – showcasing its Kelham Island setting in a light-hearted recruitment video. Armed with a ‘Tax Director Wanted’ sign, marketing executive Emily Redfern visited her favourite Kelham spots, then posted on TikTok.
Step aside, quiet quitting. Now, employers have to worry about ‘quiet cracking.’ [Business Insider]
Gee, wonder why EY employees in particular would be cracking.
If quiet quitting was the poster child of workplace issues over the past few years, it’s not anymore. Now, a new problem employers have to watch out for is “quiet cracking,” says Frank Giampietro, EY Americas’ chief well-being officer. Quiet cracking is when workers “show up, they do their job, but they struggle in silence while they do it,” as Giampietro put it in a recent interview with Business Insider. “What we’ve seen in the market more recently is that a lot of folks are actually staying with their current employers, but they’re not actually thriving at work,” he said.
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Singapore to Sell Hermes Bags and Gold Bars Seized From Launderers [Bloomberg]
Singapore is set to sell an eye-watering variety of luxury items confiscated from money launderers who were convicted in the country’s biggest laundering case. The local unit of consulting firm Deloitte has been appointed to manage the process of selling the non-cash assets, according to a statement on Tuesday by the police, who added they handed over more than 460 pieces of luxury goods and 58 pieces of gold bars to the firm this week.
Law & Order
KPMG Drops Protest of Deloitte’s Audit Awards After US Changes [Bloomberg Law]
KPMG LLP ended its legal challenge to the US Air Force’s decision to award Deloitte & Touche LLP sole-source contracts for audit services, because the government agreed to make contract adjustments. The Air Force has agreed not to exercise options or otherwise extend Deloitte’s sole-source contracts, and agreed to conduct competitions for requirements under the Air Force’s Financial Improvement & Audit Remediation program, KPMG told the US Court of Federal Claims Tuesday in a notice of voluntary dismissal.
Big 4
‘Traffic-light’ dashboard lets PwC monitor office attendance [Financial Times]
PwC has stepped up the monitoring of its UK employees’ office attendance with a dashboard that allows senior partners to track pass swipes and WiFi connections, sparking concern from some staff. The increased scrutiny has triggered unease among some staff over how they are tracked, two people at the firm told the Financial Times. One senior staff member said they had “lost count” of the number of colleagues at the accounting and consulting firm who had raised concerns.
KPMG, Deloitte, PwC exit 35 professionals over misconduct [Financial Review]
The firms began disclosing misconduct complaints, with different reporting methods and varied transparency, after a series of reports in The Australian Financial Review detailed how they handled sexual harassment and other issues.
Deloitte’s revenue drop sparked by ‘complex’ operating environment, it says [Accounting Times]
The big-four consulting firm recorded revenue of $2.55 billion for the 2025 financial year, marking an 8.3 per cent drop on the year prior as it navigated turbulent economic waters. “Evolving client needs, heightened global volatility and the accelerating pace of technological advancement have all contributed to a complex operating environment throughout FY25,” Deloitte Australia chief executive Jo Gorton said. “While these factors have undoubtedly impacted business outcomes, they have also created significant opportunities for people to work alongside our clients on transformational projects.”
Office Space
KPMG expands lease at Morristown’s HQ Plaza, adds 10,000 sq. ft. ahead of fall 2026 move [Real Estate NJ]
KPMG has taken additional space at HQ Plaza in Morristown, bringing its expected footprint to some 76,000 square feet when it moves to the complex next year. “KPMG will be relocating its Short Hills office to Morristown’s HQ Plaza in Fall 2026 to better accommodate its employees in the area,” a company representative wrote in an email.
Firm Watch
Citrin Cooperman acquires LA accountancy BPSD [Consulting.us]
“BPSD is a natural fit for Citrin Cooperman,” said Gary Kendall and Aaron Levy, SoCal regional managing partners of Citrin Cooperman Advisors LLC. “Their values, culture, and client-first mindset mirror our own.”
Frazier & Deeter Reinforces Its Commitment to Nashville with a Strategic Relocation [Business Wire]
The new office triples FD’s previous downtown footprint.