Deloitte Partner Who Got Sh*tfaced Drunk and Made an Ass of Himself at the Horse Races Will Be Retiring
You know how they always say accounting is a small world and you should take care not to burn bridges? Well Stephen Cahill, partner and head of Deloitte UK’s executive compensation practice, decided to say “fuck that and fuck you too” this past June when he went on a sexist, racist tirade in the company […]
UK Audit Watchdog Says Deloitte Is Doing Some Good Auditing Across the Pond
Deloitte is doing a great job keeping the Financial Reporting Council happy these days. Per the FRC’s recently released 2022 Audit Quality Inspection and Supervision Report, the audit watchdog is pleased with the progress the firm has made and the absence of serious deficiencies: In the 2020/21 public report, we concluded that the firm had […]
Another Big 4 Executive Bites the Dust In the UK (UPDATE)
[UPDATE/Jason Bramwell] The Telegraph reported this past weekend that Deloitte UK gave its former diversity and inclusion chief, Dimple Agarwal, around £8 million last year after an internal investigation cleared her of bullying staff. Reports began to surface overseas on March 4, 2021, that she had resigned from Deloitte following the bullying accusations against her. […]
KPMG Poaches Someone From Deloitte and Issues a Press Release, Parts IV, V, and VI
There’s been quite a bit of poaching activity across the globe lately among the four horsemen of professional services firms, so here’s a quick recap of people who have left their green dots behind and joined the redheaded stepchild of the Big 4. In the UK, Serdar Cabuk joined KPMG as a partner in the […]
Don’t Worry About Deloitte Partners In the UK, They’re Doing Just Fine
The Financial Times yesterday wrote about the rich getting richer at the Queen’s Deloitte: Deloitte’s UK partners will receive an average payout of about £1m after the accounting firm’s profits rebounded from a pandemic slump last year, helped by the sale of its restructuring division. The share of profits to 700 equity partners is the […]
KPMG Poaches Someone From Deloitte and Issues a Press Release, Part III
We haven’t heard or seen anything about the Big 4 exodus being as big of a thing in the UK as it is in the US, but it seems like there’s been a slight uptick in the amount of Big 4 hopping going on across the pond. The latest is Daniel Barry joining the partnership […]
Layoff Watch ’21: Many Deloitte U.K. Executive Assistants Could Soon Be On the Chopping Block
After EY, KPMG, and PwC in the U.K. recently told their employees they only had to come to the office or go to client sites two, maybe three days a week once pandemic restrictions are lifted while allowing them to work from home the rest of the time, Deloitte decided to do them one better. […]
Deloitte Poaches Someone From EY and Issues a Press Release, Part III
Across the pond, Deloitte recently announced that it had promoted 79 Green Dotters to partner, an increase of 18% over last year. Of those new partners, 24 are women. Unfortunately, Deloitte U.K. didn’t release the names of its new chosen ones, but presumably Nicola Wright’s name would have been on that list. Wright got her […]
EY Poaches Someone From Deloitte and Issues a Press Release, Parts III and IV
In today’s edition of “Big 4-on-Big 4 Poaching From Around the World,” EY has added a couple of ex-Green Dotters to its partnership ranks in the U.K. and Australia. David Bowen announced on LinkedIn in early May that he would be leaving Deloitte U.K. to become a partner and lead EY’s family office advisory services […]
EY Poaches Someone From Deloitte and Issues a Press Release, Part II
In today’s edition of “Big 4-on-Big 4 Poaching From Around the World,” we head to London where Jill Trafford finally got an invitation to participate in games Big 4 partners play. She announced her promotion at EY on LinkedIn earlier this month: With EY dangling a promotion to partner, Trafford decided to dip from her […]
Bonus Watch ’21: At Least Deloitte U.K. Gave Its Employees Money As a Thank You Gift Instead of a Lame Pizza Party
For some reason Big 4 partners think buying their capital market servants pizza will make everything all better. Here, have a free slice of pepperoni or two as a token of our appreciation for working those 80-plus hours last week. Your employees are adults, not elementary school children. But some of my favorite public accounting-related […]
EY Poaches Someone From Deloitte and Issues a Press Release, Part I
If there’s one way to describe the hiring practices at Big 4 firms it would be “turnabout is fair play.” For example, when one former KPMGer strolls through the doors to start his or her new job at PwC, there’s always another person who just left P. Dubs for a new role at the Radio […]
TIL: There Are a Slew of Chinese Communist Party Members Who Work At the Queen’s Big 4
“This is a bizarre and scandalous state of affairs. Putting aside any espionage risk, which is clearly highly serious in itself, surely there are significant questions to be answered about client confidentially. If I was a client of these firms, would I really want my sensitive business information being discussed by people with links to […]
The Financial Reporting Council Felt the Need to Give Deloitte U.K. a Fine For Bad Audit Quality Control
Did you know there is a giant wheel with the names of the six largest accounting firms in Britain—PwC, Deloitte, EY, KPMG, BDO, and Grant Thornton—in a hidden room at the Financial Reporting Council’s office? When the mood strikes them, FRC employees will gather round the big wheel and place bets as the wheel is […]
Let’s All Shed a Tear For Deloitte Partners In the U.K.
Sadly, Deloitte partners are probably going to have to put off buying that new McLaren 720S or Mercedes-Benz S-Class until next year. The Times reported today: Partners at Deloitte are in line for a 17 per cent pay cut after revenue growth slowed during the Covid-19 pandemic. The 709 equity partners of Deloitte’s British arm […]
Congrats to Deloitte U.K. for Getting the Largest Fine Ever Handed Out by the Financial Reporting Council
PwC is no longer the answer to the trivia question: “Which Big 4 firm in the U.K. received the largest fine from the Financial Reporting Council?” That distinction now belongs to Deloitte. The Queen’s Deloitte was fined £15 million by the U.K.’s audit cops, as well as ordered to pay an additional £5.6 million to […]
Deloitte Sucked the Least In Latest Batch of U.K. Audit Quality Inspection Reports
A couple weeks ago the Financial Reporting Council in the U.K. released the results of its latest inspections of the Big 4 firms plus Grant Thornton, BDO, and Mazars, and it was the same ol’ story: audit quality is still really bad. How bad? Like one-third of the 88 audits reviewed during the 2019-20 inspection […]
Please Don’t Call Deloitte If Your House Is On Fire
“Hiring Deloitte [to manage PPE procurement] was a funny thing to do. If there is a fire, you don’t call the auditor, you call the fire service.” — said an anonymous clothing manufacturer based in northern England, who said Deloitte has ignored his company’s offers to make medical gowns for healthcare workers on the front […]
Deloitte Poaches Someone From EY and Issues a Press Release, Part I
Unless it’s buried in the archive somewhere, it’s hard to believe that in the almost 11-year history of this website we’ve never done a post about Deloitte poaching someone from EY (although we have pointed out that EY has lurked in Deloitte’s LinkedIn group looking for new warm bodies), but here we are. Because there […]
Another Deloitte U.K. Partner Fined Over Bad Serco Geografix Audits
Ross Howard has joined fellow Deloitte partner Helen George as having received a “severe” slap on the wrist from the U.K.’s Financial Reporting Council for his role in the shoddy auditing of Serco Geografix Ltd., a subsidiary of outsourcing firm Serco Group PLC. Reuters reported: Britain’s accounting regulator said on Tuesday it had fined Deloitte’s […]
It’s Good Being a Deloitte U.K. Equity Partner These Days
The big news out of the Queen’s Big 4 yesterday wasn’t that Deloitte U.K.’s 2019 revenue (which also includes income from Switzerland) increased 10.9% from £3.58 billion in 2018 to £3.97 billion. Nope. The big news (or good news if you’re an equity partner at Deloitte) was: Hundreds of partners at the UK arm of […]
Deloitte U.K. Hit with Large Fine Over Its Incompetent Auditing of Serco Geografix
It was Deloitte’s turn on the Financial Reporting Council’s dunk tank today, as the U.K. regulator fined the firm and one of its partners over the audits of the 2011 and 2012 financial statements of Serco Geografix Ltd., a subsidiary of outsourcing firm Serco Group PLC, which were found to be complete rubbish. The FRC […]
Woman Who Once Called Ex-U.K. Foreign Secretary Boris Johnson a ‘National Embarrassment’ Is the New Chair of Deloitte’s Global Board
Deloitte announced today that Sharon Thorne, deputy CEO and managing partner of global and strategy for Deloitte North West Europe, will become chair of the Deloitte Global Board of Directors beginning in June. She will be the first woman to hold that position with Deloitte. Thorne, who joined Deloitte U.K. in 1986, will succeed David […]
Richard Houston Is the New CEO of Deloitte U.K., While Dion Shango Takes the Reins Down in PwC Africa
I know this news won’t interest any of you guys, but TPTB are making us work today and Adrienne already warned you about shitposts this week. Plus, I selfishly wanted to write an article with a title that was similar to the chorus in Toto’s hit song, “Africa.” So, here we go. First, Richard Houston […]
Deloitte U.K. Fired 20 Partners for Being Scumbags
Over the past four years, Deloitte U.K. has gotten rid of about 20 partners for inappropriate behavior, including sexual harassment and bullying, the firm’s CEO, David Sproul, told the Financial Times in an article published on Dec. 9. “We will fire people for any inappropriate behaviour. No one is protected,” said David Sproul. “There has […]
Deloitte Consulting Guy Is the Frontrunner to Become Deloitte CEO Guy
The head of Deloitte’s consulting practice is the favorite to take over as the firm’s CEO … no, not in the United States but in the United Kingdom. Sky News reported on Nov. 23 that Richard Houston, Deloitte U.K.’s managing partner of consulting, has emerged as the leading candidate to replace current CEO David Sproul, […]
Deloitte UK Desperate For a Few Good New Recruits
Business advisory firm Deloitte is offering placement opportunities to more than 1,000 graduates as part of a drive to recruit young talent. The firm, which employs 180 people at its Newcastle office, is inviting applications for 1,750 entry level positions across the group, including more than 1,000 roles for graduates. The firm is offering a […]
Deloitte Trainee Busted For Faking Doctor Notes To Explain His Failed Exams
What do you do when you are feeling the pressure to pass your professional exams but just can’t seem to get over the hump? If you’re this guy from Deloitte UK, you forge doctor notes to buy yourself some more time. Too bad for him he failed again and got busted. Nahied Kabir had two […]