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.
EY has been fined $100 million by the SEC for cheating on the CPA exam. The US Firm of EY is the firm responsible for this and paying the fine.
Multiple news outlets are reporting news that EY is considering splitting their audit practice from the rest of the firm. EY is denying that a decision has been made. They aren't denying that they have considered it, but they are denying that a final decision has been made. Carmine Di Sibio told employees in
PwC has decided to invest $2.4 billion into employee benefits. The new program that PwC is rolling out as part of this investment is called My+. I don't know where PwC comes up with all these weird acronyms, but the program sounds pretty cool. It allows employees to work from anywhere. You can work
PwC has taken a strange step and decided to release their pay bands in Australia for 2023. They disclosed these pay bands at a firm-wide meeting. PwC created these bands based on industry data so that they can remain competitive and recruit more people. The lowest salary for a starting associate is $55,000. The
EY UK has announced that they plan to grow their consulting practice in the UK by over 5,000 employees by 2026. EY plans to invest 75 million pounds in order to get this done. This would bring their total headcount above 10,000 consulting staff if everyone were to stick around. There is tons
The slap heard around the world. Will Smith slapped Chris Rock at the 2022 Oscars and it is all anyone can talk about. The people that are the happiest about this??? PwC!!! As you might remember PwC screwed up the Oscars five years ago when they provided the wrong envelope for best picture. The
As a result of inflation and the great resignation the big 4 accounting firms have provided some amazing benefits in 2022. The details of the mid years raises at Deloitte, PwC, KPMG and EY are below. Deloitte The Deloitte mid year raises have been all over the place depending on where you get
Deloitte has announced some mid year benefits. Some of these are just things that other big 4 already offer, but the mid year raise appears to be something unique. Over the past two years, Deloitte professionals have come together for our clients, communities, and each other to face the substantial challenges of the global
According to the dailymail in the UK, a former Deloitte employee is suing over psychiatric harm from her boss. It turns out that she was also dating this former boss. The woman is Katrina Jones and her boss was Christopher Holliday. Mr. Holliday was a partner at Deloitte which makes this situation even worse.
