KPMG receives huge fine in UK KPMG received a 13 million pound fine in the UK over work they performed for Starlight. Reportedly there was some collusion between KPMG partners and a private equity firm to force Starlight into insolvency so that the private equity firm could buy Starlight on the cheap. KPMG

KPMG Sued For $5.6 Billion In Malaysia KPMG is being sued for an audit they performed for 1MDB. 1MDB was an investment entity where the former prime minister was involved. 1MDB stands for 1Malaysia Development Berhad. There are 44 partners from KPMG that are involved in the lawsuit. KPMG audited them from 2010 -

PwC has announced that they will hire 100,000 employees over the next five years. They will hiring these employees globally. PwC plans to get many of these new hires from mergers and acquisitions of other firms and also from competitors. Bob Moritz spoke about this in an interview. They plan to hire 25,000 to

I recently received a question about partner growth in the big 4. The person was specifically asking about audit, but I wanted to review all lines of service. Audit is still making plenty of new partners when we look at PwC. However, PwC is growing their Advisory practice more than their audit practice.

These are the links for the big 4 accounting firms for April 27 2021 Deloitte UK Careers - what it's like to work in consulting  Deloitte UK Careers - Career Profiles KPMG Data and Analytics Masters Program

Biden Raising Taxes on "The Rich" U.S. President Biden is looking to raise the capital gains tax rates in the United States targeting the wealthy. This will increase business for the big 4 as “rich people” will look to offshore their investment activities. They will need smart accountants to do that. The big 4

The Vault Accounting Rankings are rankings of the top 50 accounting firms in the United States. This list is based on surveys from more than 10,000 accounting professionals I think there is a major issue with the survey, and I will discuss that in a moment. PwC is in first place. This makes sense

Ey issued a press release out of the UK and specifically from London. EY and Nokia have formed a strategic alliance that is being rolled out to other EY member firms to help enterprises and communication service providers accelerate their digital and business transformation journey and unleash the potential of private wireless and 5g

Deloitte has decided to form a partnership with UIpath to come up with solutions for their clients Deloitte recently announced it is teaming with UiPath to develop intelligent automation solutions around the Oracle Cloud ERP platform to power digital transformation for the next generation workforce. The new solutions, built by Deloitte and certified by

ESG news -- First we are going to discuss ESG in accounting. ESG is being discussed more and more in finance and accounting. There have been a few new stories out about ESG that I think might interest readers. SEC Creates Task Force The SEC has created a task force to identify misconduct in