Pwc employees forced back to the office in 2023 Tim Ryan held a webcast in the first week of may 2023 to let employees know that they would have to start working from the office again. People have to remember that the covid-19 pandemic created a whole work from home culture. Many high level

Earlier this week, on April 11, it was announced that EY was putting the brakes on their breakup plan. Carmine Di Sibio was certain that the plan would go forward. He reiterated that the plan would move forward despite earlier warnings that it would not. Now it is confirmed that the deal, as it

EY has been banned from some audits in Germany as of April 2023 as a result of the Wirecard audit. Wirecard went under in 2020 and EY faced plenty of scrutiny after the audit of the 2016 to 2018 years. Now they've been fined over $500,000 in Germany and they've been banned from auditing

EY is in the news again regarding their proposed break up. It has been reported by multiple news organizations that partners are infighting over terms. Many publications are blaming Julie Boland who will head the audit branch of EY after the break up. They cite a webcast with partners where she said that there

KPMG announced that they will slash 700 jobs in the US workforce. That is equal to 2% of their US workforce. KPMG is the first big 4 accounting firm to cut jobs in the US in 2023. They were also the first big 4 accounting firm to cut jobs during Covid around the world.

As usual KPMG is the last of the big 4 accounting firms to report their financial results. They reported their FY22 results in December 2022. They achieved $35 billion in revenues in 2022. Their fiscal year ended September 30, 2022. The actuals for the year were $34.64 billion which was rounded up to $35

In September 2022, EY announced another year of record revenue. They earned 45.4 billion of revenue for their FY 2022. In FY 2021, EY earned $40 billion. This represents growth of $5.4 billion. Audit earned $14.4 billion in revenue in FY 2022. Audit grew by 8.9% on a year over year basis. Tax earned

Will there be an end to the big 4 after the recent announcement of the split up of EY? Ey announced that they will be splitting up their audit and consulting branches into two firms. They are doing this as a result of regulation around the globe. This regulation has limited their ability to

Deloitte posted amazing results for FY22 with $59.4 billion in global revenue. This represents an almost amazing growth rate of 20% on prior year revenue of $50 billion. Deloitte also announced the growth of their headcount. The total number of employees that work at Deloitte now stands at 415,000 professionals globally. Audit grew only

Carmine Di Sibio released the details of the EY break up plan on a firmwide webcast on July 28, 2022. There will be two companies - Assureco and Newco. Voting on the transaction will happen in November 2022 to January 2023. The transaction would most likely take place towards the end of 2023.