Deloitte

Compensation Watch ’21: Deloitte Staff Gets Some Encouraging News About Raises and Promotions (NEW UPDATE)

Last week we took a look at how raises this year at PwC compared to 2019 and 2017 because they were hyped up so much by PwCers on the usual chatter sites, and for the most part, this most recent round of raises lived up to the hype. But a week or so before PwCers […]

Rhode Island Just Can’t Quit Deloitte

And all it took was an apology for Rhode Island to fall back in love with Deloitte. “They did apologize, quite frankly, with me directly for that time frame when things were really very disruptive,” Gov. Dan McKee said of Deloitte. Much like its relationship with the state of Florida, Deloitte Consulting’s relationship with the […]

PwC Poaches Someone From Deloitte and Issues a Press Release, Parts II and III

When PwC released the names of its 94 newest principals earlier this month, Stefan Zorn and Sanjib Mukherjee weren’t on the list. Maybe because they were external hires and not promoted internally? I dunno. But Zorn and Mukherjee both recently bolted Deloitte as managing directors to become principals at the House of Ryan. Zorn recently […]

Deloitte Is Currently Recruiting Chads With Yee Yee Ass Haircuts

Imagine my surprise when innocently browsing Reddit while on the can the other night and stumbling across the r/justfuckmyshitup x Deloitte crossover I never knew I needed. Some highlights from the comments: Don’t get this haircut and definitely don’t work at Deloitte either. You ever heard of wlb? It’s obviously a large firm with many […]

Deloitte Just Gave the Malaysian Government Several Wheelbarrows Full of Ringgit

From the Ministry of Finance in Malaysia earlier today: The Government has received a settlement payment of RM336 million (US $80 million) related to 1Malaysia Development Bhd (1MDB) from Deloitte PLT. In a statement today, the Ministry of Finance (MoF) said the money had been deposited into the Assets Recovery Trust Account. “To date, the […]

Deloitte Poaches Someone From PwC and Issues a Press Release, Part II

After spending 15 years working at PwC in the U.K., Switzerland, and the United Arab Emirates, Mohamed Serokh has joined the Big 4 firm with the most valuable brand in professional services: Big D. Because the PR wizards at Deloitte Middle East hadn’t yet sent out a media release announcing Serokh as the firm’s newest […]

Guy Would Rather Play Pickleball Than Spend One More Minute Working at Deloitte

Working at the Big 4 has gotten so bad that one auditor, Zane Navratil, decided to become a professional pickleballer instead of continuing his public accounting career at Deloitte. Spectrum News 1 reported: In July 2020, in the middle of the coronavirus pandemic, Navratil decided he was going to quit his day job as an […]

Turnover at Deloitte Must Be Pretty Bad If They’re Trying to Recruit People They Kicked to the Curb a Year Ago

A screenshot of a LinkedIn post by an ex-Deloitte employee made its way to our inbox this morning: BTW, this person is currently employed and no longer works in public accounting. Now that people are voluntarily leaving the Big 4 en masse, desperate times call for desperate measures, I guess. Related articles: Layoff Watch ’20: […]

Pittsburgh Man Who Was Strangled to Death By a Friend In Hawaii Worked For Deloitte Consulting (UPDATE)

It’s been several weeks since we wrote about the Hawaiian vacation amongst three friends that turned deadly, so let’s catch you up on the latest. First, Benjamin Fleming of Pittsburgh, who was charged with manslaughter in the death of his friend and Carnegie Mellon University classmate Abhishek Gupta, who worked for Deloitte Consulting, was allowed […]

RIP Greg Pellegrino, Deloitte Executive Branch Affairs Leader

Very sad news out of Virginia as we learned this morning that longtime Deloitte Government & Public Sector Principal Greg Pellegrino died after a single-car accident in Loudoun County, VA, on April 25. He was 55 years old. According to Patch.com, the accident occurred at the intersection of Lime Kiln Road and Snickersville Turnpike. The […]

The Fortune 100 Best Companies to Work For: Deloitte #34 (2021)

Earlier this month, Fortune came out with its latest installment of the 100 Best Companies to Work For, and the biggest surprise is who didn’t make this year’s list. After a three-year run, Crowe fell out of the top 100. Why? We can only speculate, but with a big focus by Fortune this year on […]

Believe It or Not, Deloitte and EY Have Some Prestige In the Banking World

It’s a given every year that the Big 4 firms will end up in Vault’s rankings of the best and the most prestigious accounting and consulting firms to work for. But banking? Yeah, last year I found out that’s a thing, for Deloitte and EY anyway. In Vault’s 2020 Banking 50, Deloitte Corporate Finance was […]

Deloitte Consultant Not Charged In the Death of a Pittsburgh Man Following an Altercation In Hawaii

[Updated on April 2 with additional information.] A consultant with Deloitte was released from jail and not charged with a crime following an altercation that turned deadly between roommates at a vacation rental complex in Hawaii earlier this week. Benjamin Fleming, 37, of Pittsburgh was charged with manslaughter on March 30 in the death of […]

Dysfunctional Couple Deloitte and the State of Florida Share a Victory In Court

On the same day Deloitte Consulting executives were taking haymakers from Florida senators during a hearing on the recent failures of the state’s unemployment system that the firm built, Deloitte and the state of Florida scored a win in the courtroom as a circuit judge threw out a class-action lawsuit against the toxic couple over […]

Some Florida Lawmakers Do Not Want Deloitte Consulting Hanging Around No More

While a circuit judge in Leon County in Florida still has to decide whether a potential class-action lawsuit against the state’s Department of Economic Opportunity and Deloitte Consulting over the shoddy and problematic unemployment benefits system D-town built and installed will continue, Florida senators are pushing forward a bill that would penalize companies (cough, Deloitte, […]

Deloitte Is Doing a Much Better Job Lately of Not Screwing Up Audits

While PwC waits with bated breath for the PCAOB to release the firm’s 2020 inspection report so it can presumably take an audit quality victory lap around the other Big 4 firms, Deloitte can at least say it has had the lowest audit failure rates among the Big 4 the past three years. For the […]

Don’t Worry Everyone, Deloitte Says Everything Is Fine After SolarWinds Hack

From the Wall Street Journal on Dec. 21: Deloitte, infected in late June according to the Journal’s analysis, said in a statement it “has taken steps to address” the malware but hasn’t “observed indications of unauthorized access to our systems at this time.” Along with Deloitte, a WSJ analysis revealed that the suspected Russian hackers […]

Bonus Watch ’20: Oh Right, Deloitte U.S. Employees Got a Bonus Before the Holidays Too

Yesterday we posted a short article about the holiday bonuses that were recently bestowed on employees of EY U.S. EY Canada, which was either $750 or $1,500 depending on rank. (Although EY U.S. employees found out earlier today they are getting mid-year raises. More on that here.) Our lone commenter thus far on the EY […]

Deloitte U.S. Delivery Center Employees Should Get the Same Parental Leave Perks As Everyone Else

I am an employee of the Deloitte U.S. firm. I am part of the consulting practice through their U.S. Delivery Center (USDC) model. We work closely with core consultants for Deloitte, often on the same project teams operating at the same level. USDC practitioners have travel capped at 20-30% and our three offices are located […]

Deloitte Consultants Are Wannabe Nerds Who Aren’t Sexy, Says Woman

“Hot and nice nerds have always been sexy, this does not elevate Deloitte consultants who think they’re nerds because they studied poly sci at Upenn.” — Katrina Schmidt, a resident of Washington, DC, when asked her thoughts on MSNBC political analyst and election night “map guy” Steve Kornacki being named one of People’s Sexiest Men […]

Big 4 Lawsuits: Ex-PwC Director vs. PwC, Billionaire vs. Deloitte, Floridians vs. Deloitte

On the docket: age and gender discrimination, tax break gone bad, and the latest on the Deloitte drama in Florida. Axed PwC Director Alleges Age, Gender Bias [Law360] Another week, another age and gender discrimination lawsuit filed against a Big 4 firm. And once again PwC is named as the defendant: A former PricewaterhouseCoopers LLP […]

RSM Poaches Someone From Deloitte and Issues a Press Release, Part I

Welp, after 19 years of monotony working at Deloitte, Ryan Haggerty will now be doing the same ol’ tedious stuff at the Philly office of RSM US. We’re just kidding, Ryan. You’re probably having much more fun being on Zoom calls for RSM than for Deloitte: RSM US LLP has further strengthened its health care […]

Deloitte Rules the Windy City Once Again

There are a few things those of us who live in and around Chicago can count on every single year: bad Chicago Bears quarterbacks, the Chicago River dyed green for St. Patrick’s Day, a new lineup of Goose Island Bourbon County stouts on Black Friday, and Deloitte being Chicago’s largest accounting firm. The Green Dot […]

Big 4 Lawsuits: Ex-Deloitte Switzerland Partner vs. Deloitte, NMC Health’s Administrators vs. EY, Floridians vs. Deloitte Consulting

On the docket: former Deloitte Switzerland partner takes the L … again, EY sued over its lack of auditing prowess, and Deloitte Consulting is a lawsuit magnet. Ex-Deloitte Swiss Partner Loses Appeal Of Forced Retirement [Law360] David Joseph took another L in court on Nov. 5 as a London appeals court ruled that the former […]

Deloitte Will Owe a Group of Female Workers In Tennessee $275,000 to Get the DOL Off Its Back

Deloitte has spent a lot of time lately fending off legal claims from former employees. But today, Big D threw in the towel and settled claims of wage discrimination at a Deloitte Services office in the Nashville area by agreeing to pay $275,000 in back wages and interest to 34 female employees. According to the […]

Big 4 Lawsuits: Ex-Deloitte Manager vs. Deloitte, Ex-Deloitte Switzerland Partner vs. Deloitte, Ex-PwC Employees vs. PwC

On the docket: accusations of pregnancy discrimination and unfair termination, as well as an update on PwC ERISA class-action lawsuit. Deloitte Looks To KO Class Claims In Maternity Leave Suit [Law360] Back in early September, Saxon Knight, a former solutions manager at Deloitte, filed a proposed class-action lawsuit in Manhattan federal court alleging the firm […]

This Collection of Big 4 Jack-o’-Lanterns Will Probably Be the Lamest Thing You’ll See on Halloween

We hope all of you spreadsheet zombies have a great Halloween. PwC Photo courtesy of The Bean Counter. Deloitte Photo courtesy of Fishbowl. KPMG EY Photo courtesy of Sandra Thompson-Drew (@SandraWThompson). And here are a couple of RSM jack-o’-lanterns just for the hell of it: Happy Halloween!

Promotion Watch ’20: Deloitte Adds 195 New Managing Directors

Let’s pass out the cupcakes and green Kool-Aid, and celebrate Deloitte’s new class of managing directors for FY 2021: Bhawna Agarwal, Tax, Deloitte Tax LLP, Jersey City Jon Allred, Audit & Assurance, Deloitte & Touche LLP, Salt Lake City Aaron B. Bairani, Tax, Deloitte Tax LLP, Chicago Melissa Balmer, General Counsel, Deloitte LLP, Stamford Megan […]

Florida Gives Deloitte Consulting a Happy Ending

The saga between Florida and Deloitte Consulting—a relationship bizarre enough to be reported by TMZ or covered by Perez Hilton—keeps on keeping on, as the state’s Agency for Health Care Administration is going ahead with Big D on a potential $135 million contract to overhaul Florida’s Medicaid data system, according to the Tampa Bay Times. […]

Big 4 Lawsuits: Karen Ward vs. EY, Choppies vs. PwC, Floridians vs. Deloitte Consulting

EY, Female Ex-Principal End Lawsuit Over Bias Arbitration Costs [Bloomberg Law] Have we mentioned before how much Big 4 firms love it when claims against them by former employees go to arbitration? EY and a female former principal allegedly subjected to sexual harassment, retaliation, and other sex discrimination throughout her time with the firm agreed […]

Deloitte Consulting Is Irresponsible, Lacks Integrity, and Is Unreliable, Says Accenture

“[The Florida Agency for Health Care Administration] ignored information that, by its nature, would be expected to have a strong bearing on whether the intended awardee is ‘responsible,’ that is, whether it has the capability in all respects to fully perform the contract requirements and the integrity and reliability that will assure good faith performance.” […]

Deloitte’s 3.9% Increase In FY 2020 Global Revenue Is the Smallest Growth In About 5 Years

After perusing Deloitte’s FY 2020 global revenue announcement and impact report today, I thought I’d highlight some of the good news and some of the bad news over the past 12 months for D-towners everywhere. First, the good: For the fifth consecutive year, Deloitte has won the Big 4 revenue dick-measuring contest by reporting $47.6 […]

Promotion Watch ’20: Deloitte Adds 125 New Partners and Principals In the U.S.

The names of the newest Deloitte partners and principals for FY 2021 has finally made its way online, but before we recognize this band of overachieving Green Dotters, let’s take a look at the latest class by the numbers: 59: The number of new partners and principals in consulting, the most of any service line, […]

Deloitte Sued by Ex-Manager for Discrimination Over ‘Smoke and Mirrors’ Family Leave Policy

Lawsuits against the Big 4 firms are a dime a dozen, but discrimination lawsuits make the most headlines. Like the two older CPAs who sued PwC for age discrimination (and WON!) and gender discrimination lawsuits against KPMG and EY, which either didn’t go or hasn’t gone according to plan for the plaintiffs. Now it’s Deloitte’s […]

Deloitte’s Winning Bid Amount for $135 Million Medicaid Contract Is Being Kept Secret by Florida for Some Reason

How much did Deloitte Consulting lowball Accenture, IBM, and a couple other bidders to win Florida’s $135 million contract to modernize the state’s Medicaid system? No one is saying, even though state law says bids become public information upon the state announcing the winning bidder, the Tampa Bay Times reported on Aug 24. So according […]

Deloitte Consulting Winning Florida’s $135 Million Medicaid Contract Has Left Accenture and IBM Feeling a Bit Pissy

This blurb was buried in today’s Politico Florida Playbook column: A $135 million Medicaid contract Gov. Ron DeSantis’ administration awarded to Deloitte earlier this month is officially being protested by two competitors who say the process was flawed, state records show. IBM and Accenture, who also bid on the lucrative contract, filed documents with the Agency for […]

Awarding Deloitte a New State Contract Just Goes to Show That Florida’s Leadership Is Dumb

Remember those Bud Light Real American Heroes/Real Men of Genius TV and radio ads that were popular 20 years ago? You know, the ones that featured Survivor lead singer Dave Bickler and saluted such folks as “Mr. Giant Foam Finger Maker,” “Mr. Footlong Hot Dog Inventor,” and “Mr. Male Football Cheerleader”? My favorite one was […]

This Deloitte Veteran Made a One-Pager of His Career Highlights on His Way Out the Door

Over the years, we’ve shared countless firm farewells with you. From viral rants about Beyonce and fake auditors to sappy, totally unnecessary prose about how much they’ll miss the firm, farewell emails are as varied as the soon-to-be-former grunts who write them. Sometimes, they’re just awful, like the tax associate who wrote this actual garbage […]

Big 4 Lawsuits: SCANA Investors vs. Deloitte, Miller Energy Investors vs. KPMG, Gridsum Investors vs. PwC

Plus, Illinois resident drops lawsuit against Deloitte Consulting, and PwC wants the city of Los Angeles to pay a price. Deloitte Wants Investor’s Nuclear Energy Project Suit Tossed [Law360] Deloitte doesn’t think it should have to face a lawsuit accusing the firm of issuing audit reports that misled investors on the progress SCANA Corp. was […]

Apparently the Shocking Thing About Ivy Leaguer Fired by Deloitte For Her TikTok Rant Is That an Ivy Leaguer Would Want to Work at Deloitte

Surely by now you’ve all heard of the Harvard grad fired by Deloitte before she even served a single day for the firm after a politically-charged TikTok video of hers went viral. It seems Deloitte doesn’t like it when their incoming consultants threaten to stab people, even if said threat is really just “an analogy” […]

Auditor Swap: General Electric and KPMG Officially Call It Quits

A love affair that spanned more than 110 years is coming to an end. General Electric announced today that it and KPMG are going their separate ways after this year. And GE’s new external auditing paramour is Deloitte. Here’s the statement GE released on Monday morning: GE (NYSE:GE) announced today that, following a thorough and […]

Deloitte Is Already Bragging About How Great Its Global Revenues Are For FY 2020

PwC, EY, and KPMG are still looking at Deloitte’s tail lights. For the fifth straight year, Deloitte will win the Big 4 dick-measuring contest in terms of annual global revenue, according to an Australian Financial Review report. Deloitte expects a strong finish to the 2020 financial year despite the effects of the COVID-19 pandemic and […]

Layoff Watch ’20: Deloitte Has Begun Handing Out Thousands Of Pink Slips (UPDATE)

[Updated on June 12 with some additional information.] We’ve got some new info to share today, at least from the Deloitte & Touche side of things. A tipster told us the following things were said by D&T CEO Lara Abrash this morning during a call with her audit and assurance peeps: She confirmed what we […]

Does Punit Renjen Not Realize Deloitte U.S. Is Laying Off Thousands of People During a Pandemic?

While I’m sure he had good intentions, the timing of this tweet by Deloitte Global CEO Punit Renjen is a little questionable given that Deloitte U.S. is currently getting rid of roughly 5,000 or so employees and furloughing many more during the COVID-19 crisis. How’s that helping these people thrive during the worst pandemic in […]

Deloitte’s 2018 PCAOB Inspection Report Shows They’ve Gotten a Lot Better At This Thing Called Auditing

So the PCAOB did a thing today. Everyone’s favorite audit regulator released the 2018 inspection reports for the Big 4, Grant Thornton, and BDO USA this morning in a “new user-friendly format.” And they’re actually pretty sleek-looking and informative. A couple years ago, Caleb called PCAOB inspection reports “beach reads” because executive summaries had been […]

PwC Poaches Someone From Deloitte and Issues a Press Release, Part I

Last week we told you guys about Deloitte Ireland helping a longtime PwC tax director achieve his dream of becoming a Big 4 partner. In today’s edition of “Big 4-on-Big 4 Poaching From Around the World,” we head to Switzerland, where a PwCer-turned-Deloitter is coming back home to Papa Whiskey Charlie. Richard Geldart rejoined PwC […]

Deloitte Poaches Someone From PwC and Issues a Press Release, Part I

Today’s edition of “Big 4-on-Big 4 Poaching From Around the World” takes us to lovely Dublin IRL, where a longtime tax director at PwC Ireland has gone to the Green Side. Deloitte is pleased to announce that Ronan Ferry has been appointed a partner in its tax practice. Ronan will lead the Tax Management Consulting (TMC) team […]

Florida Governor Is Not Impressed with Deloitte’s Handiwork

“It was designed with all these different things, basically to fail, I think. This thing was a clunker, there’s no doubt about it.” — Florida Gov. Ron DeSantis said about the state’s unemployment claims website, CONNECT, which was built by Deloitte Consulting in 2013 when Rick Scott was Florida governor. The system has pretty much […]

Congrats to EY and Deloitte For Making … the Vault Banking 50?

The other night I was bored to tears while my wife and my 13-year-old daughter were watching The Vampire Diaries on Netflix. So I poured myself a beer and hopped on to Vault’s website to see if they released their newest Accounting 50 rankings yet, as they usually do in April. They had not. It’ll […]

Deloitte CEO Eventually Sent Out the Mandatory Work-From-Home Email

First it was EY, then it was PwC, now Deloitte has told its U.S. staff not to bother coming to the office for a while because of the COVID-19 pandemic. But unlike EY and PwC, which will be full-on remote work beginning tomorrow, Green Dotters will have to wait until Wednesday. Thanks to a tipster, […]

The Fortune 100 Best Companies to Work For: Deloitte #45 (2020)

Bringing up the rear among the Big 4 in the 2020 Fortune 100 Best Companies to Work For list is Deloitte, the largest public accounting firm in the U.S. in terms of number of employees and revenue. But while we’re talking about Deloitte and “largest,” the Green Dot had the largest drop in the ranking […]

KPMG Poaches Someone From Deloitte and Issues a Press Release, Part II

Let’s start this week with a little Big 4-on-Big 4 poaching action, shall we? Yes, we shall. And once again, KPMG is raiding its Green Dot rivals. Joseph Fisher is the latest Big 4 partner to switch his colors from green to blue, leaving Deloitte & Touche’s Investment Management Audit & Assurance practice, which he […]

Guess Which Big 4 Firm Was Named Official Professional Services Provider of the WNBA?

Was there any doubt it wouldn’t be Deloitte? I mean, look who the WNBA commissioner is. What I find odd is that Cathy Engelbert’s name is nowhere to be found in this press release, which looks like it came from GreenDotville (via PR Newswire): Deloitte and the Women’s National Basketball Association today [Jan. 14] announced […]

Deloitte Is Finally Finished with That Whole Aequitas Investors Lawsuit Thing

That’s because the $234.6 million settlement Deloitte, EisnerAmper, and five other companies reached with investors of the now-defunct Oregon investment company Aequitas last July was approved in Oregon federal court on Dec. 16. According to Law360, the judge also approved nearly $58 million in attorneys fees and costs. Deloitte, EisnerAmper, law firm Sidley Austin, securities […]

KPMG Poaches Someone From Deloitte and Issues a Press Release, Part I

Competitive poaching of PPMDs among midtier accounting firms has been rampant lately, whether they are taking people away from the Big 4 or from other midtier firms. Even the FASB isn’t immune from being poached. While watching the hiring games these firms are playing is fun and all, we’ve been patiently waiting for some Big […]

BKD Poaches Someone From Deloitte and Issues a Press Release, Part I

Longtime Deloitte Financial Advisory Services employee Jim Jordon is now teammates with Kate and Ben at BKD. Jordon was recently brought onboard as a managing director in BKD’s Forensics & Valuation Services division. He will be based in Houston. In his new role at the House of Dickman, Jordon will focus on assisting BKD’s energy […]

Grant Thornton Poaches Someone From Deloitte and Issues a Press Release, Part II

It’s been more than four years since Going Concern has reported on someone changing their team colors from green to purple, but that happened recently as Grant Thornton nabbed a former managing partner at Deloitte Consulting to join its Public Sector Healthcare practice. David B. Weir, Jr. has joined Grant Thornton LLP’s Public Sector Healthcare […]

Hiring Watch ’19: Deloitte Is Taking Applications In Gilbert, AZ

The latest Big 4 job creation news comes from Deloitte, which will be adding hundreds of jobs in Gilbert, AZ, as part of a major expansion at that location. Phoenix Business Journal reported: Deloitte is doubling its footprint in Gilbert and preparing to hire 900 more people. The global business consulting group announced last year it […]

Promotion Watch ’19: Let’s Congratulate Deloitte’s 386 New PPMDs for FY 2020

It’s been quite a while since we’ve done a post on new partner promotions at Deloitte, so we wanted to give some kudos to not only the 65 new partners in the class of 2020, but also the 236 managing directors and 85 principals who were recognized by Ucuzoglu & Co. for a job well […]

With $46.2 Billion In Fiscal 2019 Global Revenue, Deloitte Should Continue to Rule the Big 4

Unless PwC’s global revenue for fiscal year 2019 increases 11.9% from last year, which likely won’t happen, Deloitte will remain No. 1 among the Big 4 firms in revenue for the fourth consecutive year. Deloitte announced today that revenue for FY 2019 was $46.2 billion, a 9.4% increase using the magical “local currency” terms and […]

Arthur Andersen & Co.

Andersen Poaches Someone From Deloitte and Issues a Press Release, Part I

Did you guys see that Andersen has rebranded? Yep, the firm dropped “Tax” from its name and is just going by Andersen from now on, or until Mark Vorsatz tries to sneak in an “A.” so the firm becomes A. Andersen. And did the press release just say, “Hearkening the legacy and values of the […]

Rhode Island Is Still Holding a Grudge Against Deloitte

A better title might be, “Rhode Island Tells Feds to Send All Fines Related to State’s Shitty Benefits Computer System to Deloitte.” From the Associated Press: The federal government is fining Rhode Island about $2 million for problems with the state’s benefits system. WPRI-TV reports the problems stem from the botched rollout of a computer system for […]

Will Deloitte’s Work With Customs and Border Patrol Drive Employees From the Firm?

Our friends over at Fishbowl recently surveyed their users to find out if Green Dotters might be driven away due to Deloitte’s work on behalf of Customs and Border Patrol (CBP) and we’d like to share it with you. First, let’s get you caught up on the sitch if you’re out of the loop. As […]

RSM Did a Little Talent Shopping At the Big 4

And Adams & Co. came away with a new tax principal and a new risk consulting leader. First up is Brad Collins: In his role as a principal with the firm’s national tax team, Collins leads the firm’s efforts to identify opportunities where RSM can eliminate tax data management challenges for private equity and hedge […]

Deloitte, EisnerAmper, 5 Others to Pay $235 Million to Settle Aequitas Investors’ Lawsuit

Why go through a lengthy, expensive trial, not knowing whether you’ll win or lose, when you can pay a shit-ton of money to make it all go away? That’s what the seven defendants, including Deloitte and EisnerAmper, did to settle a class-action lawsuit filed three years ago by investors of Aequitas accusing the accounting firms, […]

The Lovefest For Ex-Deloitte CEO Cathy Engelbert Continues

Former Deloitte CEO Cathy Engelbert has been getting a lot of love lately. Last week, Glassdoor released its 2019 ranking of the top 100 CEOs in the U.S. based on anonymous employee reviews, and Engelbert was ranked 15th—the highest among the Big 4 CEOs and the second highest among women chief executives. This week, career […]

Punit Renjen Gets Another Four Years as Deloitte Global CEO

Because June 1 is always New Year’s Day in the Deloitte universe, I woke up this morning to a shit-ton of Deloitte personnel news, so let’s get right to it. First, Deloitte Global CEO Punit Renjen was elected to sit in the big chair for four more years. His second term began today. It has […]

Outgoing Deloitte CEO Cathy Engelbert Is Going to Be Commissioner of the WNBA

For those of us wondering what Cathy Engelbert is going to do next once her term as Deloitte CEO ends next month, it looks like we have our answer. The WNBA announced today that it has hired Engelbert to be the league’s first-ever commissioner. She will take over on July 17, NBA Commissioner Adam Silver […]

The Big 4 Will Stomp On Your Creativity Like a Grape

In an interview with the Australian Financial Review, Nicola Mansfield talked about why she jumped ship from Deloitte Australia recently to become the managing director of Interbrand, a brand consulting firm owned by global advertising company Omnicom Group. Mansfield joined Deloitte in late 2015 after the Big 4 firm bought the brand and spatial design […]

Ex-Deloitte New Zealand Partner Is Probably Having Second Thoughts About That Whole Insider Trading Thing

Today’s “former Big 4 partner busted for insider trading” news comes from New Zealand, where Mark Talbot, who worked at Deloitte from 2014 to 2017, will pay the Financial Markets Authority $150,000 and has been barred from acting as a director or manager of a listed business for five years for not being able to […]

Let’s Congratulate Deloitte’s New Audit and Consulting Bosses

Before I sit down to watch the NCAA men’s basketball championship game tonight, I’d be remiss not to tell you guys about some big news coming out of D-town this afternoon: Deloitte US has appointed Lara Abrash as chair and CEO of Deloitte & Touche LLP, leading Deloitte’s U.S. Audit & Assurance practice; Dan Helfrich as chairman and CEO […]

Rhode Island Believes In Second Chances, Even for Deloitte

Back in January 2017, Caleb made mention that Rhode Island was pissed at Deloitte because, when the state rolled out a new computer system in September 2016 that the firm designed, it had more bugs in it than a Florida swamp. The computer system—known as the Unified Health Infrastructure Project (UHIP)—was supposed to streamline benefits, […]

No One Seems to Care That Deloitte Named Joe Ucuzoglu CEO

Is it me or does there seem to be absolutely no buzz about Joe Ucuzoglu being elected as the new CEO of Deloitte? Is it because people are still talking about yesterday’s guilty verdict in the trial of former KPMG partner David Middendorf? Or maybe because we’ve known unofficially since December that Ucuzoglu was going […]

Now Your Kids Will Get to See How Cartoony Deloitte Really Is

Through the years on this here website we’ve reported on things that were said or done at Deloitte that might be considered cartoonish. Like when Deloitte Global CEO Punit Renjen claimed Deloitte is harder to get into than Harvard. Or Penn. Then there was that time when Deloitte offered prizes to alumni and retired partners […]

As a Result of Breaking SEC Rules, Deloitte Japan Is $2 Million Lighter In the Wallet

There was some bad decision-making going on at Deloitte Touche Tohmatsu in Japan. Dozens of its employees had bank accounts at the subsidiary of a client for which Deloitte Japan issued audit reports, which is a no-no because Securities and Exchange Commission rules don’t allow accountants to have bank accounts with audit clients that have […]

Deloitte sign

Deloitte’s 2017 PCAOB Inspection Report Is Pretty Not Shitty

You know, when I sat down to start writing this, I contemplated some clever headline, perhaps something about a veritable smorgasbord of audit screw-ups, but then I was like, you know what, nah. We should recognize that Deloitte has posted its lowest audit deficiency rate ever, which is something worth applauding even if the fuck-up rate […]

Report: Deloitte’s Head of Audit Is Frontrunner to Succeed Cathy Engelbert as CEO

It has now become apparent that Cathy Engelbert won’t be serving a second four-year term as CEO of Deloitte. Michael Rapoport of the Wall Street Journal reported on Dec. 15 that Joseph Ucuzoglu, chairman and CEO of Deloitte’s audit practice, Deloitte & Touche, was nominated by the firm’s board of directors to succeed Engelbert once […]

NASCAR Needs Deloitte’s Help

Saw this come across my Twitter timeline the other day: ⚡@NASCAR has hired @Deloitte to audit teams’ finances and create a common accounting platform, per sources. ➖ Teams agreed to the unprecedented step to help find a new competitive balance framework and determine if a budget cap will be introduced. ?: https://t.co/k3NVwsvQx3 pic.twitter.com/eWUpQW43X6 — Adam […]

Deloitte, CPA Get Taken to the Woodshed in Hong Kong

The Hong Kong Institute of CPAs doled out some fines on Nov. 13 to Deloitte Touche Tohmatsu and a Deloitte CPA for making some auditing faux pas. The firm and accountant Lee Po Chi each have to pony up $50,000 HKD ($6,384 USD) “for their failure or neglect to observe, maintain or otherwise apply professional […]

Pair of asses

Deloitte Mexico Auditors Attempt to Phone in Sloppy Audit Work, Fail

The PCAOB has barred, fined, and censured three Deloitte Mexico audit partners for their role in the absolute bamboozle of an audit on Prestaciones Finmart, a Mexican subsidiary of Texas-based EZCORP, Inc. Finmart accounted in FY 2013 and FY 2014 for approximately 21% and 26% of EZCORP’s consolidated assets and approximately 23% and 42% of […]

Deloitte CEO Cathy Engelbert Is Still Talking About Her Teenage Son’s Fear of Robots

Our QOTD comes from Deloitte CEO Cathy Engelbert, who shared the stage with AT&T Business CEO Thaddeus Arroyo and CNN host Anderson Cooper a couple of weeks ago during the AT&T Business Summit in Dallas to discuss how to be an effective leader in a digital world. Cooper, who moderated the discussion, mentioned that people […]

Deloitte Surpassed $43 Billion in Global Revenue in Fiscal Year 2018

The numbers are in, the press release is out, and the words “exceptional,” “unrelenting,” and “quality and distinction” were used by Deloitte’s No. 1 cheerleader, Global CEO Punit Renjen, to describe the firm’s 2018 fiscal year. I have no doubt that Green Dots around the world yesterday celebrated (i.e., sat half asleep at their desks) […]

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Here’s Your Open Thread for Deloitte Compensation Discussions (2018)

If the last couple years have taught us anything, it’s that Deloitte compensation conversations are probably going down this week in some offices. And by “conversations,” we mean raises are online and ratings are plotted out on scatter graphs. Semantics, ya know? In looking at last year’s Deloitte comp discussion, we discovered that y’all Green Dotters […]

Deloitte Australia Is Going to Allow Partners to Work There Until They Become Old Geezers

We’re just chock full of news about Deloitte Australia today. Earlier on, Adrienne poked fun at the firm’s ridiculous career break program. Then we come to find out that Deloitte is going to allow its partners to work there until they are frail and barely breathing—as long as they are making a meaningful contribution to […]

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Deloitte Brags About Its ‘Make Your Team Think You’re a Dick’ Career Program

The various perks and psuedoperks offered by accounting firms have been discussed at length here in the hallowed virtual halls of Going Concern over the years. From ping-pong tables and on-demand popcorn to so-called unlimited vacation time, we’ve destroyed them all. But one I believe hasn’t been touched on is the Deloitte career break program. That […]

Deloitte Gobbled Up the Most New SEC Audit Clients in Q2; EY and KPMG Threw Up a Bunch of Clients

After two Utah-based firms you might not have ever heard of picked up the most new Securities and Exchange Commission audit clients in the first quarter of 2018, Deloitte was the big winner in the second quarter, snagging 15 new engagements, with a net of 13, according to Accounting Today. BDO USA was the runner-up […]

Report: Deloitte Employees Want the Firm to Cool It With ICE

Deloitte employees are circulating a petition saying they have “moral objections” to the Big 4 firm providing consulting for Immigration and Customs Enforcement and are asking management to sever ties with the immigration agency, the New York Times reported on July 12. According to the petition and internal emails obtained by the New York Times, […]

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Deloitte ‘Betrayed Me,’ Alleged Sexual Assault Victim Told CEO in Email

A former Deloitte Bermuda staffer who has accused a senior partner in the Big 4 firm’s New York office of sexual assault emailed Deloitte LLP CEO Cathy Engelbert in 2017 about the alleged attack and said the firm “betrayed me,” according to a July 9 NBC News report. The senior partner has not been charged […]

Report: Ex-Deloitte Bermuda Staffer Accuses U.S. Partner of Sexual Assault

The Australian Financial Review reported on July 3 that a woman who used to work in Deloitte’s Bermuda office has accused a male senior partner from the Big 4 firm’s New York office of sexual assault in a Bermuda hotel room in August 2015. The woman, who did not want to be identified in the […]

Slim Pickings For SIG, as It Settles on EY as New Auditor

While the U.K.’s Financial Reporting Council investigates Deloitte’s 2015 and 2016 audits of SIG, the building products distributor has selected EY as its new auditor, according to the Financial Times. EY was the only Big 4 firm eligible to bid for the SIG contract, which according to The Times newspaper, is worth about £1.6 million […]

Deloitte’s Audits of SIG Under U.K. Regulator’s Microscope

The Financial Reporting Council, the U.K.’s audit watchdog, is calling, is calling, is calling out Deloitte’s name in a probe of the Green Dots’ 2015 and 2016 audits of building products distributor SIG, according to several publications across the pond. From the Financial Times: SIG said in February it had discovered misstatements after a whistleblowing […]

Is Cathy Engelbert’s Time Almost Up As Deloitte CEO?

The Wall Street Journal is reporting that Deloitte LLP partners were told in an email that Cathy Engelbert has not been renominated for a second four-year term as CEO of the Big 4 firm. The Journal wrote: Ms. Engelbert, the first woman to run one of the Big Four firms in the U.S., is three-plus years into […]

Deloitte’s New Greenhouse Experience Unfortunately Has Nothing to Do With Plants

As a former writer and editor for a national horticulture trade magazine, my interest was piqued when I came across the June 19 press release, “Deloitte Digital Launches New Deloitte Greenhouse Experience for Enterprise Clients.” I thought maybe Deloitte was cultivating a new variety of, say, Chlorophytum comosum (spider plant) with the cultivar name ‘Punit […]

Which Data Breach Will Finally Wake Us Up?

The world has finally decided data privacy and security is worth talking about. Congress enjoyed pelting Mark Zuckerberg with questions that made the digital natives point and laugh. We also enjoyed getting this cautionary note from Twitter this week: Hi @MeganLewczyk, When you set a password for your Twitter account, we use technology that masks […]

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Judge Tosses Accountant’s Suit Claiming Bar Discriminated Against Him for Wearing MAGA Hat

Not a miter. Not even close. Last year we shared the story of Greg Piatek, a Deloitte senior manager who sued The Happiest Hour, a bar in New York’s West Village that he claims kicked him out over his “MAKE AMERICA GREAT AGAIN” hat. On Wednesday, a judge threw out Piatek’s lawsuit, but not before […]

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Foreign Affiliates of Big Audit Firms Screwed Up Some Stuff

The Securities and Exchange Commission fined foreign affiliates of BDO, Deloitte, and KPMG for skirting oversight of the PCAOB. Here’s the skinny: According to the SEC’s orders, the Zimbabwe affiliates of Deloitte & Touche and KPMG improperly audited the majority of assets and revenues of a publicly traded company without registering with the PCAOB. The […]

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Deloitte Agrees to Fork Over $149.5 Million for Its Crappy Taylor, Bean & Whitaker Audits

The Justice Department announced that Deloitte would pay a $149.5 million fine to put “potential False Claims Act liability” to bed for its role as the auditor of Taylor, Bean & Whitaker Mortgage Corp., the failed mortgage originator. Justice alleged that “Deloitte’s audits knowingly deviated from applicable auditing standards and therefore failed to detect TBW’s […]

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This New Deloitte Anthem Is Sweeping the Globe

Over the years, Big 4 employees have tried (and mostly failed) to compose anthems, jingles, raps, and other musical variations to express their feelings about their firm. They come from all over the world and range in quality from god-awful to audibly tolerable. A couple years back, erstwhile GC Australian correspondent Chris Hooper compiled the […]

Deloitte Legal UK

Accounting News Roundup: Deloitte Legal, EY Boomerangs and Praying for the Pass-Through Deduction | 01.10.18

Deloitte muscles in on legal services in UK [FT] Oh, looky what we have here, another Big 4 firm splashing its way into some press about legal services. Deloitte is “applying for an alternative business structure licence” which allows non-law firms in the U.K. to offer legal services. And wouldn’t you know it, Matt Ellis, […]