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
Deloitte partners released their salaries as part of their 2020 financial release. Before we get to the pay cut let's discuss their overall financial results. Deloitte UK results were 4.31 billion pounds in 2020 versus 3.95 billion pounds in 2019. They moved to 20,000 employees and 1,183 partners. I’m not sure how they get
Leaders of the big 4 accounting firms pwc, deloitte, ey and KPMG announced the new ESG (Environmental, social and governance) criteria. These ESG criteria will measure a company’s progress on things like greenhouse gases and diversity in the boardroom. They took these ESG standards from the UN. The UN first mentioned them in 2006.
Is EY Still Hiring? EY is hiring. They said they hired 76,000 people in 2020 from almost 2 million applicants They said they did most of their hiring virutally because of covid 19. In 2019 they had 284,018 employees. In 2020 they grew to 298,965 people. This means they grew by 14,947 15,000 internships
Deloitte has been fined in the UK by the FRC again. We know that the big 4 accounting firms have been frequent targets of the Financial Reporting Council in the UK. The firm was sanctioned and so were two of their partners. They were fined 19.4 million dollars which is a record fine by