Tuesday, October 27, 2009

All Big Four Firms Make The World’s Top 50 Most Attractive Employers List

We have blogged earlier about Universum, the employer branding company, particularly on their MBA and undergraduate surveys of top employers. The Big Four firms, Deloitte, Ernst & Young, KPMG, PricewaterhouseCoopers and Accenture typically make the top ranks in their surveys.

Big Four Firms Dominate UK’s Large Cap Market, Is Big Three Possible?



The Financial Reporting Council (FRC), the UK’s independent regulator responsible for promoting confidence in corporate reporting and governance just published its Fourth Progress Report on the implementation of the MPG recommendations on Promoting Choice in the UK Audit Market.

While the report generally deals with progress on a number of FRC’s key strategic initiatives, there is a very interesting analysis on the concentration of the auditing market in the UK which is dominated by the Big Four firms, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers....

Monday, October 26, 2009

Deloitte Revenues Grow 1% Local Currency, Now Just Behind PricewaterhouseCoopers



Deloitte Touche Tohmatsu, the global firm, just came out with its fiscal 2009 revenues for the year ending May 31, 2009. 2009 full year global revenue was US$26.1 billion, an actual increase in local currency terms of 1%, but a drop of 4.9% in US dollar terms from 2008. The tough economic climate and appreciating US dollar were the two main factors in 2009 which impacted Deloitte as much as it did other Big Four firms...



Saturday, October 24, 2009

Our Twitter Feed Ranked as Top Five for Accounting Jobs by Dow Jones WSJ

We were recently, and unexpectedly, surprised by our ranking by the well respected FINS.com as one of the “The Top Five Twitter Feeds for Job Hunters in Accounting”. We are thankful to FINS for recognizing our Twitter and web efforts towards the Big Four firms alumni community...


 We've moved. Click here to go to the full post at the new Big Four Blog at Big4.com! 

Thursday, October 15, 2009

Asia Pacific Uber Rich Suffer A Lot In 2008, But Roar Back Quickly


We have blogged earlier about the fascinating results of the 2008 Capgemini Merrill Lynch Global Wealth report, where high net worth individuals (HNWIs – net assets greater than US$1 million) and ultra-high net worth individuals (Ultra HNWIs – net assets greater than US$30 million), the uber-rich of the world, lost a cool $8 trillion of wealth from 2007 to 2008...



Monday, October 12, 2009

PwC FY 2009 Revenues Rise Modestly From FY 2008 Despite Tough Environment



PricewaterhouseCoopers just released its FY 2009 global revenues for the year ending June 30, 2009, which came in at US$26.2 billion, a 7.1% decline from the US$28.2 billion in FY 2008 in US dollar terms. However, on local currency terms FY 2009 revenues were actually higher than FY 2008 by a modest 0.2%. These results were clearly impacted by two large macro factors. The global economic crisis put a sudden halt to the multi-year annual growth in revenues as clients withheld spending on professional services. The other impact was FX, as the appreciating dollar over the reporting period resulted in lower US dollars for each unit of local currency leading to a reduction in revenue on US dollar terms from FY 2008 to FY 2009...






Friday, October 09, 2009

Deloitte Finds Business Tribalization Gathering Momemtum, Still Ways To Go

Tribalization of Business?

Really??!! Are we going a few hundred years back in time?

It really appears so. Social media is here to stay and becoming more mainstream each day, and smart businesses better adjust to this new reality....

We've moved. Click here to go to the full post at the new Big Four Blog at Big4.com!



SEC’s Strategic Plan Seen to Support IFRS Transition and PCAOB



The Securities and Exchange Commission just released its 2010-2015 Strategic Plan with some broad objectives to focus on securities compliance fostering and enforcement. The US SEC has been under considerable attack since it missed one of the world’s largest $60 billion Ponzi schemes operated by Bernard Madoff. Apparently, there were five particular instances over the years where the SEC could have caught Madoff had they pursued either their own processes or followed through on tips provided to them. Refocusing on enforcement is clearly goal number one...




Wednesday, October 07, 2009

IPO Activity Rises in Q3-2009, China Leads in Numbers and Deal Value


Ernst & Young just released its eagerly awaited Global IPO report, an analysis which is very topical today to validate the recovery seen in capital markets throughout the world. Results from this surveys in recent quarters have been quite glum, as companies and investors stayed away from initial public offerings. But this latest Q3-2009 report appears to have a much more positive spin, in line with other concurrent financial and Big4 surveys which indicate that things may finally be turning around towards better times...






Thursday, October 01, 2009

Accenture Q4-2009 In Line, But Sober Outlook Below Investor Expectations



Accenture just reported its fourth quarter of 2009 and full year of 2009 results at 4 pm on October 1, 2009.  billion (versus $21.58 Wall Street expectations), a 8% decrease in U.S. dollars and flat in local currency. EPS of $2.44 plus $0.24 impact from the restructuring charge for total of $2.68 (versus $2.68 Wall Street expectations) compared with $2.65 in fiscal 2008. New bookings were $23.90 billion. Operating income was $2.64 billion, and operating margin was 12.3%. Absent the restructuring charge, annual operating income was $2.90 billion and annual operating margin was 13.4%...




Ernst and Young UK Reports Excellent Results, Beating Rival Big Four Firms

The Times of London just came out yesterday with Ernst & Young’s UK results (surprisingly, we couldn’t find it on the E&Y UK website)...


We've moved. Click here to go to the full post at the new Big Four Blog at Big4.com!