What were these guys really saying? Other than accountants are NOT to be blamed for anything. Discuss. And for crissakes Jim, learn how to tie a Windsor knot.
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In More Accounting Firm-Terrorism Related News, Some Taxi Driver Really Had It Out for Deloitte
- Caleb Newquist
- May 4, 2010
After a sun-adverse family man tried to blow up the Viacom Building (and was close enough to E&Y to evacuate the area) and a former PwC Senior Manager was charged yesterday for supporting terrorism, now a taxi driver whose company serviced Deloitte in India has been arrested for attempting to set off a bomb in Hyderabad’s HITEC City:
Pakistan-based Lashkar-e-Taiba was planning bomb attacks on the HITEC City, a major IT township here, and the office of a multinational auditing firm.
Mohammad Zia Ul Haq, who was arrested yesterday following a tip off by the National Investigation Agency, was directed by his LeT handlers to bomb the Hyderabad office of Deloitte Touche Tohmatsu, one of the four largest auditors in the world, and was in the process of carrying out the plan, government sources said.
Interestingly, Haq works as a driver for a taxi service hired by Deloitte Touche Tohmatsu.
What kind a-holes do they have working at Deloitte in Hyderabad? Bad enough that this guy concluded that bombing a company that puts food in his mouth was an action that needed to be taken. Thankfully, they caught the guy.
Obviously the question now is, when does KPMG get its little terrorist related news?
LeT planning to attack Hyderabad’s HITEC City [Economic Times]
Blog by Wife of PwC Partner (aka Chief Spending Officer) Details Failed Attempts at More Frugal Lifestyle
- Caleb Newquist
- January 21, 2011
Times are still tough for many but few take to the blogosphere to share their tales of coupon clipping, pics from staycations and scouring the racks at Filene’s Basement. One person who felt the need to share her frugal efforts with the masses is Lisa Unwin, the “Austerity Mum” and wife of PwC’s head of consulting in the UK, Ashley Unwin. How tough have things been at Casa de Unwin? Well, it all started when the couple purchased a house in East London that reportedly cost ‘squillions,’ and Ms Unwin thought that maybe a more modest life was in order:
Musing on how to cut the cost of family holidays she suggests forgoing private helicopter flights or cancelling that half-term break in the Maldives in favour of returning to your weekend home in the French Alps.
The closest her family comes to the wartime notion of make do and mend is for the husband to have his designer Berluti shoes resoled – at a specialist cobblers on Bond Street, she reveals.
Now that’s sacrifice! However one thing her “Chief Spending Officer” husband wasn’t able to give up are his handmade shirts:
“Not even Prada is good enough any more, can’t recall why,” she reveals.
Then, there’s the ankle-biters:
[H]er two children – nicknamed the “diva-in-waiting” and the “smallest man with the biggest attitude” – have come to believe it is normal “to have a seat that turns into a bed if you’re on a flight for more than three hours”.
For her part, Ms. Unwin was thinking about going back to work (she’s a former Deloitte communications director) but there were conditions:
Claiming she would “love” to go back to work, she bemoans how the cost of childcare makes it impractical. “It would need to be something that I could do between the hours of 10 and two – well, actually 11 and two three days a week to enable me to go the gym,” she concludes.
Sadly, Ash wasn’t so keen on the attention the blog was getting, “Mr Unwin is understood to be acutely embarrassed by the disclosures and she has now agreed to take down the blog.” Lisa is looking for ‘another way to write’ but our guess is a freelance gig with Going Concern is out of the question. Even still, the offer stands Lisa – email us.
Bonus Watch ’11: Some Details on KPMG’s New Utilization Bonuses
- Caleb Newquist
- December 23, 2010
Who cares what they’re doing in Luxembourg, anyway? Our tipster qualifies some of these numbers for the new bonus program but assures us that they’re in the ballpark.
Details of the utilization bonus came through to managers in the NY Office to prepare them for the announcement to staff. Payments will be made in April and October based on total billable hours. Three Tiers T1 – 1700 hours, T2 1800 hours, T3 1900 hours, must meet or exceed hours listed. Bonus amounts based on base salary and level.
Associates are as follows as a percentage of base (might be slightly off, SA here and didn’t pay much attention to Associates pay) T1 – 2% T2 – 3%, T3 – 4%. Senior Associates T1 – 2.5%, T2 3.75%, T3 5%. So for a year if you reach 1900 hours, 950 Oct-April and 950 April-Oct, you would have received 10% of your base pay as a bonus broken into 2 payments.
I might have some of the numbers slightly off, as I read over my managers shoulder, and am only interested in Tier 3 SA as I had 2100 billed hours last year, but I think they are generally accurate. This was for IT Advisory. I know other Advisory practices have the same pay out rates but lower hour expectations by tier. No idea about Audit or Tax.
UPDATE: Tables from the advisory email that was sent out earlier today:

If anyone can confirm these numbers for IT Advisory, please get in touch. Likewise, [I]f you’re in other advisory groups, audit or tax and have the details, email us and we’ll update.
