Top news from around the web regarding the Big 4 accounting firms and other accounting news.

PwC – The big news at PwC this week is the announcement of Bob Moritz moving up in the firm. Everyone knew this day would come. The only question left open now is who will take his place. It could be a number of possible candidates who have been waiting their turn such as Tim Ryan.

KPMG – It came to light that some of KPMG’s clients were offered amnesty in Canada in 2015 related to offshore tax haven accounts in the Isle of Man. In exchange for amnest the clients still had to pay the tax. (Financial Post) It’s always nice to be rich and connected. 

Deloitte – Deloitte announced an alliance with a large data searching software company. (Bloomberg) This just proves that data is becoming more and more important in business so make sure you are equipped for the new data age!!!

In other accounting news, the AICPA wrote a great article about how the recent privacy controversy with Apple might impact tax practitioners. Managing sensitive client data is a great concern with all client materials in electronic format and potentially stored in cloud storage.