Wednesday, March 28, 2007

Accenture's Terrific Results: Stock Zooms Up

Accenture Ltd. (NYSE: ACN) today announced terrific Q2-2006 results, and boosted fiscal third quarter and full years earnings outlook.

Net income increased to $296.7 million, for an EPS of 47 for the quarter ended February 28, 2007. Net income was $69.7 million, or 11 cents EPS in the same quarter a year ago. Revenue rose 15% to $5.17 billion from $4.49 billion a year ago...

Saturday, March 24, 2007

PricewaterhouseCoopers Lets Out Family Secret!

We see from David Reilly from the Wall Street Journal that PricewaterhouseCoopers has revealed one of its longest and best-kept secrets?

How much money do PwC partners really make?

This happens to be a WSJ and a Big Four first!...

Wednesday, March 21, 2007

PricewaterhouseCoopers in Hot Russian Tea

PricewaterhouseCoopers Russia seems to be in some hot Russian tea!

Just a few weeks ago, PwC offices in Moscow were raided by police and prosecutors. The charges: irregularities in auditing of Yukos and evasion of taxes...

Friday, March 16, 2007

KPMG Europe Expands into Netherlands

KPMG sent shockwaves through the accounting industry when they merged the UK and German practices some months ago to create the largest accounting firm in the continent. Even at that time they made it clear that they would be interested in expanding their reach to include other KPMG European firms...

Tuesday, March 13, 2007

Is Sarbox Hurting American Competitiveness?

This was the key topic in front of a star-studded panel called by Treasury Secretary Hank Paulson in Washington DC today. Invitees included Warren Buffet, Jeff Immelt, Alan Greenspan and others. The event was covered in great detail by CNBC business television...

Friday, March 09, 2007

Accenture (NYSE: ACN): $1.5 Billion Back to Shareholders

Accenture continues to suffer from an embarrassment of riches!

The ACN Board of Directors today approved a $1.5 Billion share repurchase.

Shares of Accenture rose 62 cents to close at $35.74 on the New York Stock Exchange.

Thursday, March 01, 2007

Deloitte and Touche LLP Shuffles Top Ranks

Big top executive changes at Deloitte

Barry Salzberg becomes the new chief executive of Deloitte and Touche USA, replacing James Quigley

James Quigley moves on to become global CEO of parent firm Deloitte Touche Tohmatsu, replacing William Parrett...