Big 4 China Firms Looking to Settle w.SEC
The Chinese affiliates of the Big Four account firms, plus BDO's, are seeking to reach a settlement with the SEC over their refusal to turn over audit work papers connected to companies suspected of...
View ArticleKPMG Fashion Show a Big Hit with Interns
There's lots of advice out there for young interns about how to dress for a professional environment, but KPMG has, for the second year in a row, decided that showing was better than telling and put...
View ArticleKPMG Ranks Tax Competitiveness, Canada Highly Favorable
KPMG has released its annual report on overall tax competitiveness across the world, ranking countries and cities on how favorable their tax environments are for business and, taking into account...
View ArticleE&Y Pay $4M Settlement to SEC for Independence Violations
A subsidiary of Big Four firm Ernst and Young has agreed to pay $4 million to the Securities and Exchange Commission, which accused the company of violating independence rules by lobbying on behalf of...
View ArticleStudy Looks At Big Four Across the World
Three academics from Scotland, the U.S. and France studied Big Four firms in three different countries--Canada, the UK and France--in order to find out to what extent there is convergence or...
View ArticleE&Y Named in Madoff Loss Lawsuit
Big Four firm Ernst and Young is a defendent in an investors' lawsuit over losses incurred from Bernie Madoff's multi-billion dollar Ponzi scheme, along with one of its clients, a Madoff feeder fund,...
View ArticleRussia Mulling Banning Big Four, Other Companies
Russia, the target of numerous economic sanctions based on its involvement in the Ukranian crisis, is considering legislation that would target foreign companies operating in Russia, and specifically...
View ArticleDeloitte Partner Being Considered for Chief Accountant Position at SEC
The Securities and Exchange Commission is considering James Schnurr, a retired accounting partner from Deloitte, for its new Chief Accountant as the current chief, Paul Beswick, plans to leave the...
View ArticleAlbany Regional Firms Go on Hiring Spree while PWC Closes Office
As PricewaterhouseCoopers prepaers to close down one of its two Albany offices, other firms in the area have been looking to expand their staff, partially with those who leave said closing office,...
View ArticleArbitrators: Lehman Management, Not E&Y, Responsible for Lehman Collapse
A panel of three arbitrators ruled that while Ernst and Young does bear some responsibility, the firm is not responsible for the collapse of Lehman Brothers during the height of the financial crisis,...
View ArticlePWC Agrees to $25M, Client Restrictions Over Bank Tampering
PricewaterhouseCoopers has agreed to pay $25 million and remove itself for two years from doing any consulting work that would require the New York regulator to approve its advisory unit as an...
View ArticlePwC Questions Planet Earth's Future as a Going Concern
PricewaterhouseCoopers was pessimistic in its latest Low Carbon Economy Indexreport, which examines how well the global economy is meeting its goals to slow or stop human-made climate change, saying...
View ArticleStudy: Private, Public Company Audits Largely the Same
A new research paper from University of Alberta and Yale has found that there is very little functional difference between audits in public and private companies, according to Financial Executives...
View ArticleE&Y to Add 15,500 New Staff
Ernst and Young is planning a big expansion, announcing that it plans to hire about 6,500 experienced professionals and 9,000 students in the U.S. during the 2015 fiscal year, increasing its size by a...
View ArticleKPMG Announces Diversity Benchmarks
KPMG's UK division acknowledged that it needed to be more diverse in terms of class, gender, ethnicity and sexual orientation, and announced plans over the next three years to make more of an effort...
View ArticlePWC Announces Plans to Hire 16,000 Additional Staff
Pricewaterhouse Coopers is expanding, as it plans to expand its staff by about 16,000 new people in the U.S., according to efinancialcareers. Of these, 10,500 will be entry level and 5,500 will be...
View ArticleSecond ex-PWC Employee Charged in Luxembourg Tax Leak
A second former PWC employee is now facing charges in Luxembourg in connection with a massive leak that exposed deals orchaestrated by the Big Four firm to allow multinational corporations to set up...
View ArticleCathy Engelbert Named as Deloitte CEO, is First Woman to Head a Big Four
Cathy Engelbert has been named as the new CEO of Deloitte LLP, the first woman to head one of the Big Four CPA firms in the country, according to the Wall Street Journal.read more
View ArticlePWC Named as Second Most Powerful Brand
Big Four firm Pricewaterhouse Coopers has been named as the second most powerful global brand, right behind Legos, according to a report from consulting firm Brand Finance. The consulting firm based...
View ArticleMost Big Four Firms Lost More Clients in 2014 Than They Gained
Three out of four of the Big Four wound up with a net loss in their client base, losing audits mainly to the second tier firms below them, according to Compliance Week. Of the Big Four, only KPMG came...
View Article