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Deloitte

  • KPMG reports $32bn global revenue as Big Four record strongest performance since Enron

    December 9, 2021

    KPMG has reported a ten per cent rise in annual global revenues, up to $32.1bn, as advisory services have boomed during the pandemic. The combined results of the Big Four consulting firms – Deloitte, EY, KPMG and PwC – are the strongest since the Enron scandal which resulted in the collapse of Arther Andersen, according [...]

  • Labour calls for Deloitte to be sacked from Test and Trace inquiry role

    November 12, 2021

    The Labour party has called for audit giant Deloitte to be stripped of its contract to prepare NHS Test and Trace for a government inquiry into the handling of the pandemic, accusing it of a “blatant conflict of interest”. Since the onset of the pandemic, Deloitte has won contracts advising the NHS Test and Trace [...]

  • Watchdog mulls investigation for EY and Deloitte over Southeastern audits

    October 3, 2021

    The accountancy watchdog is debating whether to launch a probe into the auditors of the Southeastern train line after the company last week admitted to hiding £25m owed to the state. The Financial Reporting Council is looking into whether audit giants EY and Deloitte have a case to answer, sources told the Sunday Telegraph. Last [...]

  • Deloitte global revenue rises to $50bn with surge in Covid consulting

    September 8, 2021

    Deloitte has today reported a 5.5 per cent rise in its global revenue for 2021 up to $50.2bn as it has seen demand for its advisory services grow during the pandemic. The firm also saw its workforce grow by 3.2 per cent to over 345,000 for the fiscal year ending 31 May 2021. The big [...]

  • Deloitte mandates vaccinations for staff in US offices

    August 25, 2021

    Auditing giant Deloitte has told staff coming into its US offices from October, that they must be vaccinated against Covid-19, according to reports. Chief executive officer of Deloitte US, Joe Ucuzoglu, told staff in an email that from 11 October they would be required to reveal their vaccination status on a secure company website, according [...]

  • New Tricks: Video streaming sites are trending among over-65s

    August 17, 2021

    The pandemic has encouraged 65 to 75 year olds to start using video streaming sites such as Netflix and Amazon Prime.  Almost three fifths of consumers in this age bracket, some 57 per cent, have access to a video streaming service as of 2021. The figure marks an increase of 19 percentage points compared to [...]

  • Deloitte partner lays down the law for junior staff in leaked email

    July 19, 2021

    The UK lead of Monitor Deloitte told junior staff that they should become “millionaires, authors or bums” if they wanted to be picky with their projects, in a leaked internal email. Alexander Curry, a partner and UK Lead at Monitor Deloitte, said that junior staff do not own their own time, in an email sent in [...]

  • Audit reforms: IoD call for caution in plans to break Big Four dominance

    July 8, 2021

    The government should approach its plans for an audit and corporate governance reform with greater caution, said the Institute of Directors (IoD).  A government white paper aimed at breaking up the concentration of the Big Four auditing firms – Deloitte, PwC, KPMG and EY has stirred criticism from the business group, who said that the [...]

  • Big Four lobbying may dilute Government’s audit reform, says ex-accounting watchdog

    June 14, 2021

    Big Four lobbying will dilute Government's audit reform, says ex-accounting watchdog

  • As accounting firms prep for busy period, non-Big Four players spot new opportunities

    May 26, 2021

    The majority of 2020 was a slow year for the UK’s deals market, with mergers and acquisitions depressed by the Coronavirus pandemic and its subsequent lockdown restrictions.  This trend, however, now seems to be in reverse with a number a big deal in the private sector, including Virgin Media and O2’s £31bn mega merger, and [...]

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