Friday, June 20, 2008
Thursday, June 19, 2008
Big Four Firms Have Top Spots as Desirable Employers
We've moved. Click here to go to the full post at the new Big Four Blog at Big4.com!
Tuesday, June 17, 2008
Deloitte Remains Embroiled in Parmalat Saga
Monday, June 16, 2008
Big Four Firms Contribute GBP 100,000 Each to New Center
establish a unique centre of excellence...to understand and explore the contribution
that efficient systems of financial regulation make to global growth, including in
developing economies." is moving fast to be a global influential institution in the city of London, UK.
We’ve moved. Click here to go the full post at the new Big Four Blog at Big4.com!
Tuesday, March 18, 2008
PwC People Blog On, Humanizing the Organization
Wednesday, February 13, 2008
Deloitte's New Innovative Pro Bono Program
Thursday, January 24, 2008
All Big4 Firms On Fortune's 100 Best Companies To Work For
Leading the pack in the list was Ernst and Young at #57, followed by KPMG at #71, PricewaterhouseCoopers at #90, and Deloitte at #95.
And here are more interesting numbers from the report. Keep in mind that these are the US firms of the larger international Big Four partnerships, and while some numbers pertain to the US, some others (such as revenue) are for the global firm:
We’ve moved. Click here to go the full post at the new Big Four Blog at Big4.com!
Thursday, January 10, 2008
GAO Finds Big4 Audit Share is a Whopping 98%
.
Tuesday, January 08, 2008
E & Y Spells Out the Top 10 Risks for Global Business
These Top 10 are:
- Regulatory and compliance risk
- Global financial shocks
- Aging consumers and workforce
- The inability to capitalize on emerging markets
- Industry consolidation/transition
- Energy shocks
- Execution of strategic transactions
- Cost inflation
- Radical greening
- Consumer demand shifts
Tuesday, December 04, 2007
Big Four Firms Report Tremendous 2007 Results
Thursday, November 29, 2007
KPMG - Last Big4 to Report, Shows Excellent Growth
We've moved. Click here to go to the full post at the new Big Four Blog at Big4.com!
Tuesday, November 13, 2007
Yes Virginia, Deloitte Says Santa Still Holding Steady
Thursday, November 01, 2007
Grant Thornton Revenue Up 17%
KPMG: The Last Big Four Firm to Report 2007
Ernst and Young: Double Digit Revenue Growth to $21 Billion
Tuesday, October 30, 2007
PCAOB CFO - Ernst and Young Alum - Resigns
PricewaterhouseCoopers - IT Security Getting Stronger
Sunday, October 28, 2007
BearingPoint Q2-2007 Results: Loss Widens, Gross Profits Drop
Friday, October 26, 2007
PricewaterhouseCoopers - Still Top of the Pyramid
Deloitte and Touche: Revs up 16% to $23 Billion
KPMG Says M&A Market About to Peak
PricewaterhouseCoopers - Class Action Law Suit Looms
Monday, September 10, 2007
PricewaterhouseCoopers LLP UK turnover up 6%, profits grow 11%
PricewaterhouseCoopers LLP United Kingdom recently reported a 6% increase for FY 2007 turnover to £2.1 billion. PricewaterhouseCoopers LLP FY07 financial year runs from 1 July 2006 to 30 June 2007.
Of this:
- Assurance increased 4% to £947 million (core audit services grew 8%)
- Tax turnover sped up 13% to £667 million
- Turnover in Advisory grew moderately at 4% to £493 million (Performance Improvement Consulting grew by 8%. Net revenue growth in Corporate Finance was 12%)
- Revenue at Business Recovery Services unit (aka bankruptcy consulting) declined due to good economic conditions
Underlying net revenue increased 9% and underlying profit shot up 11% to £631 million from £586 million in 2006.
Average profit per partner rose 6% to £757,000, with partner numbers up to 822. 56 new partners were admitted on 1 July 2007, with 15 new partners recruited externally during the course of FY07.
Note that turnover includes expenses and disbursements associated with client assignments; and underlying net revenue excludes these items.
Recently we blogged that Deloitte UK reported even stronger results: Sales were up 16% and profits payable to partners were up 17%, profit per partner was £877,00. Deloitte UK has now turnover of £1.8 billion and profits of £572 million and 652 partners.
It appears that Deloitte UK is growing both the top and bottom lines much faster than PwC UK; we don’t have enough reported information to really analyze why this differential exists.
But if this is indicative of global results which are to come shortly, it may not be long before Deloitte beats PwC in revenue as Deloitte posts high double-digits revenue gains versus high single-digits revenue growth for PwC. We shall see in November 2007!
http://www.ukmediacentre.pwc.com/Content/Detail.asp?ReleaseID=2448&NewsAreaID=2
Ouch! BearingPoint Stock Dives 12% to New Low
CapGemini Pushes Google's Office Suite - Takes Lead
We see that CapGemini will start to push Google online office software (email & calendar management, word processing, spreadsheet) to its corporate clients. This happens to the first time that a large technology consulting (and Big Four) firm is partnering with Google for this set of services. Earlier we had blogged that BearingPoint had partnered with Google to apply its corporate search application to customers.
Friday, September 07, 2007
KPMG Sued in Canada
Wednesday, September 05, 2007
PwC Pays $3 million to Justice to Settle Allegations
We've moved. Click here to go to the full post at the new Big Four Blog at Big4.com!
Tuesday, September 04, 2007
E&Y Has Big Growth Plans for China
Monday, September 03, 2007
Deloitte UK Revenues Up 16%, Profit Soars 17%
Saturday, August 18, 2007
PricewaterhouseCoopers LLP UK turnover up 6%, profits grow 11%.
Tuesday, August 14, 2007
BDO Seidman Ordered to Pay $521 Million Fine
Wednesday, August 08, 2007
CapGemini CTO Ponders on Mass Collaboration
KPMG Finds Chemical Mergers On the Upswing
PricewaterhouseCoopers Involved Deeply in China Olympics
Deloitte Finds US Multinationals With Domestic Focus
BearingPoint Files 10-K for 2006, but Investors Wary
Sunday, July 29, 2007
E&Y on Global Venture Capital - Vibrant and Accelerating
Friday, July 27, 2007
PCAOB 2006 Report on KPMG - 7 Issues Cited
Monday, July 16, 2007
PricewaterhouseCoopers Pays a Whopping Fine in Tyco Case
Judge Kaplan Overthrows Case Against KPMG Employees
We've moved. Click here to go to the full post at the new Big Four Blog at Big4.com!
Thursday, July 05, 2007
CapGemini Shares Rise on Potential Buyout from Infosys
Wednesday, July 04, 2007
Big Four Firms Dominate Professional Services Rankings
Here are some impressive (rounded) numbers
PricewaterhouseCoopers
Rank 1, Revenue $22 B, Employees 142,000
Deloitte and Touche
Rank 2, Revenue $20 B, Employees 132,000
Ernst and Young
Rank 3, Revenue $18 B, Employees 114,000
KPMG
Rank 4, Revenue $17 B, Employees 113,000
Accenture
Rank 5, Revenue $17 B, Employees 146,000
BearingPoint
Rank 24, Revenue $4 B, Employees 18,000
Just the top 5 firms alone account for $84 billion of revenues, a good 16% of the total US$535 billion of all the professional services firms tracked. The Big Four accounting firms (PwC, D&T, E&Y and KPMG) totaled to $77 billion, 70% of the US$115 billion of accounting revenues.
Very impressive figure, and testimony to the enormous clout of these firms in the professional services arena.
For the full report see here...http://www.mpfglobal.com/campaigns_global500.htm
Wednesday, May 23, 2007
PricewaterhouseCoopers Reports on Record Internet Advertising Revenues
Saturday, May 12, 2007
Canada's Number 5 and 6 Accounting Firms Call Off Merger Talks
Now the Big Four firms can rest with some ease.
Yesterday we see news reports that these firms’ Boards announced plans to end their merger discussions. There was no specific reasons stated which led to cessation of discussions. While the advantages of merger were clear, so it appeared did the challenges of coming together.
The press release says,” The due diligence process had proceeded amicably and with the cooperation of both firms, but despite best efforts the two firms were unable to overcome the challenges, and therefore were unable to complete the process to the satisfaction of all
involved.”
Somehow we believe that the parties could not fully put their heads together on how power, organization and profits were going to be shared. We look to our readers to see if they have any insights on why this merger did not go through as planned.