Deloitte has announced some good news for once. They announced that they are going to be repay the entire pay cut in Australia. This is because they had such good results. As you might remember, all the big 4 accounting firms had pretty amazing results in Australia even though they tried to paint a
The Australian Financial review recently had an article about issues facing KPMG’s mandatory retirement age in Australia. The reason that this story is coming out because a lawyer for KPMG sent an email that said there was not a defense for KPMG just because the partner who was joining new about the mandatory provision.
KPMG recently announced in a press release that they want to be carbon neutral by 2030. This comes on the heels of us discussing EY’s global metrics and adherence to ESG principles. This is just another move by the big 4 accounting firms to adopt global standards in order to be able to do
Deloitte Restructuring Sale Deloitte is putting up its restructuring arm up for sale. This is happening in the UK. Daniel Butters has told everyone that he is going to start discussions with private equity firms to sell the firm. The business is expected to do well because of covid related business issues. There will
KPMG Partners with CoinMetrics KPMG has partnered with a firm called coinmetrics. The partnership will focus on Atlas and Farum from coinmetrics. It will also focus on Chain Fusion from KPMG. The purpose of the partnership is to promote institutional adoption of crypto which means they want larger organizations to adopt crypto solutions. That’s
After the tragic death of George Floyd there were coordinated protests around the world even though the event happened in the United States. This pushed a move for diversity and other social justice movements around the world. The big 4 have already been on a push for more diversity even though they don’t seem
Deloitte Plans to close four locations in the UK permanently. Deloitte plans to shut down their gatwick, liverpool, nottingham and southampton locations. These are 4 offices out of 50 in the UK for Deloitte. The decision is said to impact about 500 employees. Microsoft is also letting their employees work from home. They have
With all the craziness going on in the big 4 accounting firms right now, I wanted to highlight an area of growth. We’ve been talking a lot about layoffs and downsizing, but overall the equity markets in the United States have done really well. An area that is heating up even more is SPACs.
BDO recently released their 2020 results for their US firm. They announced $1.8 billion in revenue for the year ending April 30, 2020. This obviously does not include most of the problems related to coronavirus. This revenue number represents an increase of 11.3% year over year. This is the 8th consecutive year of growth
EY as part of the year end financial review mentioned a business school that they have. They have a Tech MBA that they are offering all their employees. Ey says that it is open to their 300,000 employees in over 150 countries. This new MBA will allow employees to learn about technology, leadership and