• Archive for the ‘Deloitte’ Category

    The Big 4 and A Living Wage

    By • Apr 4th, 2008

    Photo Source There’s an ongoing dialogue related to my Big 4 Blind Items post.  Specifically, someone added a comment regarding outsourcing/off shoring work by the Big 4 to India and other lower wage countries.  My comment, regarding my experiences while a Managing Director for KPMG Consulting/Bearing Point in Latin America, is there, too. However, that […]



    Big 4 Blind Items – Spring Edition

    By • Mar 31st, 2008

    For your commenting pleasure, a variety pack of ponder-ables… Which multi billion dollar global government contractor was one of the few, if only,  public companies of its size to be cited for a material weakness due to an ineffective internal audit function?  This is not the typical “completely missing” internal audit function but one that existed […]



    Immorality – The Bank Lawyer Version

    By • Mar 24th, 2008

    I don’t often have an opportunity to link to Kevin Funnell’s Bank Lawyer’s Blog. He mentions Lindsay Lohan way too much for my taste and I don’t want to drag my blog down into the hell of tacky popular culture.  But every once and a while he lets loose with a vitriol spewed just my […]



    Oh! How The Mighty Have Fallen – Update On Auditors And Their Banking Clients

    By • Mar 20th, 2008

    Picture Source Back in November, I wrote about the imperial bankers and the impending doom and gloom that permeated the market. I warned that the CEOs and their Big 4 buddies should be nervous, too.   The Big 4 are now inextricably tied to their clients’ fortunes. Lawsuits are flying fast and furious as soon […]



    Bear Stearns – Sometimes Losing A Client Is A Good Thing

    By • Mar 17th, 2008

    I guess the music’s stopped for Bear Stearns. Good to see these highly paid guys, including Jimmy Cayne, working on the weekends, earning their millions. The purchase of Bear Stearns by JP Morgan is a good thing for Deloitte and a pretty big deal for PwC. That’s because Deloitte loses a client, a problem client, […]



    Follow-Up On More Big 4 Layoffs

    By • Mar 6th, 2008

    As we’ve seen from the comments on my PwC layoff post and other mail I’ve received, PwC is not the only one to be reducing staff via “counseling out” , “forced ranking” , “the Italian greyhounds ate the workpapers…”, or whatever other excuse they give. Both Deloitte and KPMG have also seen cuts, per my […]



    Beazer – They’re Falling Like Dominoes

    By • Feb 1st, 2008

    Beazer Update It’s like the blind leading the deaf and dumb… Beazer Exits Mortgage Business February 1, 2008 Beazer Homes USA Inc. is getting out of the mortgage-origination business and has inked a marketing-services deal with Countrywide Financial Corp. that deemed the nation’s biggest mortgage lender the home builder’s preferred loan provider. Beazer, which is […]



    BDO Challenges Big 4 – Big 4 Says, "Huh?"

    By • Nov 12th, 2007

    New chief of BDO challenges Big 4 BDO International could be a “credible challenger” to the Big 4 accounting firms, according to its new head. Jeremy Newman, newly appointed chief executive of the company, told the Financial Times that he sees a large opportunity in the market but that becoming a fifth tier to the […]



    Just As I Was Starting To Feel Less Nauseous…

    By • Nov 9th, 2007

    re: The Auditors has been feeling a little under the weather the last few days, and therefore less inclined to write. This morning, just as I was starting to feel a little better and ready for some warm oatmeal and apple juice, I saw this story in the Financial Times. It was enough to send […]



    Charles In Charge – Not!

    By • Aug 25th, 2007

    Senator Charles Schumer has a lot of nerve. He also has a strong belief that the US public is naive and gullible. At best, it’s comical that Senator Schumer is demanding action on the sub prime crisis from the accounting firms. After all, they pay him to protect their interests, not the other way around. […]