World’s richest football clubs: Manchester City top Deloitte Money League for the first time March 21, 2022 Manchester City have been named the world’s richest football club in the latest edition of Deloitte’s Football Money League. City topped the list, which is based on revenue, for the first time after increasing their income to €645m (£571m) in 2020-21 – despite the effects of the pandemic. The Premier League champions climbed five places, [...]
Major shakeup is needed to fix the Big Four, expert says March 18, 2022 A prominent academic has called on the government to expedite its audit reforms, after arguing a serious shakeup is needed to prevent an “appalling” situation from getting worse. Speaking to City A.M. accountancy expert Professor Atul Shah said, “the record of the UK’s auditing industry has been appalling over the last two decades and it’s [...]
Irish accountancy watchdogs raises concerns over Deloitte and EY audits February 28, 2022 Ireland’s audit watchdog has said flagged issues with audits carried out by Big Four accountancy firms Deloitte and EY, after carrying out its annual review of auditors. The Irish Auditing & Accountancy Supervisory Authority (IAASA) said audits completed by Deloitte and EY required improvements, after sampling six sample audits carried out by the firms. By [...]
UK government to set out plans for audit watchdog overhaul imminently after years of delays February 14, 2022 UK government ministers will set out their plans to reform regulation of the UK’s auditing industry within the coming weeks, after calls for an overhaul first emerged in 2018 in response to the collapse of UK construction contractor Carillion. The proposals are currently being circulated and are set to be signed off imminently, according to [...]
EY, Deloitte, KPMG, and PwC are the biggest employers of business grads, new figures show February 14, 2022 Business school grads are more likely to go into consulting, than any other industry, according to a survey of 300,000 business grads from OnlineU. More than a fifth (21.1 per cent) of business grads surveyed worked in consultancies, the figures show. Notably, the Big Four auditors alone employed more than 12 per cent of those [...]
Deloitte to buy up Belfast software developer as it pursues Northern Ireland expansion February 9, 2022 Big Four accountancy giant Deloitte is planning to acquire Belfast based software developer Etain, in a vote confidence in the city of Belfast which will see the firm create Northern Ireland’s biggest AI and data practice. The deal will double the size of Deloitte’s Belfast AI and data practice, and see the Big Four firm [...]
UK lags behind Europe on gender boardroom balance February 1, 2022 UK boardroom diversity falls behind Europe with less than a third of seats held by women
Bain, McKinsey and BCG outgun Big Four with huge salaries and big bonuses January 28, 2022 The Big Three consulting firms – Bain, McKinsey, and Boston Consulting Group (BCG) – are now offering considerably higher salaries than the Big Four accounting firms – EY, PwC, KPMG, and Deloitte – new figures from Management Consulted show. A tight global labour market in 2021 and stiff competition among white collar firms has caused [...]
Ex-Deloitte manager claims Deloitte defrauded VW and ignored #MeToo allegations January 19, 2022 A former manager at Deloitte has accused the firm of defrauding Volkswagen and failing to investigate allegations of sexual harassment in its Stuttgart office. The former manager, who is currently suing Deloitte for unfair dismissal, told a Stuttgart labour court that Deloitte overcharged Volkswagen, after billing the car manufacturer for more hours than it had [...]
JP Morgan looking to poach Big Four accountants after relaunching recruitment scheme January 14, 2022 JP Morgan has relaunched a scheme to poach newly qualified accountants from Big Four firms, in a sign that demand for junior bankers will remain high throughout 2022. The investment bank last week reoponed its recruitment scheme through which newly qualified accountants working in Big Four accountancy firm can become analysts within JP Morgan’s investment [...]