When accounting goes unaccounted for
“KPMG is obviously such a vast business that it could probably survive nuclear war.”
— Daniel Sutherland, a partner at the U.K. business law firm Fox Williams, when asked if a large decline in profits and recent layoffs at KPMG U.K. will eventually lead to an existential crisis.
Before BKD CPAs & Advisors did a little housecleaning a week or so ago, the […]
Bloomberg reported today that KPMG UK CEO Jon Holt told them the firm plans to […]
Just a quick follow-up to our earlier post on KPMG compensation. There’s been a fair amount of bellyaching about the less serious comments on the thread so we’ll alleviate some of the bitching with reports from trusted sources:
Senior associate promote in West advisory, SP+ rated, 11% raise, 3% bonus. Raise was higher than expected but bonus was definitely lower than what I thought it would be. It was explained to me that the 11% is inclusive of the promotion bonus so it’s really 5% promotion + 6% merit
And back on in the East:
NY Metro M1 to to M2: 10% base increase, $2,600 bonus, SP+ using 9-box system.
We understand that there are still sit-downs going on so do keep us updated.
Earlier:
KPMG Gives Green Light to Start Pretty Disappointing/Pleasantly Surprising Conversations
UPDATE:
Apparently some Klynveldians (we hear in NYFS) will get the esteemed pleasure of sweating this out through the middle of next week. We also had a mini-Flynn close to the situation inform us that “1st year managers can’t be exceptional performers [highest rating in the House of Klynveld].” Keep the tips coming in.