Non-Big Four Firms Increase Focus on Revenue Growth Strategies

Our staff writer Scott Cytron, reviews below the strategies non-Big Four firms are using to increase revenues in this environment....

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Miami Jury Finds BDO International Not Guilty – Huge Implications

We recently blogged on the recent ongoing trial on BDO International vs. Banco Espirito Santo in Miami, Florida with a jury in session to decide on the issue whether BDO Seidman, the US country firm, was an agent of BDO International, and whether the global umbrella firm should hold financial responsibility for the liabilities of the US firm...

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PricewaterhouseCoopers - Class Action Law Suit Looms

PricewaterhouseCoopers could be potentially facing a class action law suit for overtime pay...it looks that the Canadian law suit bug may have just slipped over the border.

The fundamental issue claimed against the Big4 is essentially the same - employees supposedly made to work long hours without being paid overtime pay. In this case, Kershaw, Cutter & Ratinoff (KCR) appears to be investigating a potential class action lawsuit on behalf of these associates against the Big4 accounting firms...

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PwC Reports 9% Growth in Line with Other Big4...Good Times for All

PricewaterhouseCoopers LLP just announced that its global revenues rose 9% in fiscal 2006 from $20 billion to $22 billion, and 11% in US dollar terms. Advisory and tax businesses, grew at 18% and 11% in US$, while Assurance grew 6%. Sarbanes-Oxley implementation and adoption of International Financial Reporting Standards were flat...

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Peekaboo Regulators Creep Over The Pond

We hear that The Public Company Accounting Oversight Board (PCAOB or Peekaboo) has started to visit US-headquartered audit firms in London, UK, specifically BDO and Ernst and Young LLP to carry out inspections under Sarbanes-Oxley. Sarbox specifies that US regulators have to report every year on foreign audit firms which have more than 100 clients with U.S. listings. Further a report every three years is needed for those with less than 100 U.S.-listed clients...

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Big Four Firms Try to Mitigate Audit Risk

Several of the Big Four firms have been in the news recently due to a common issue: the long-tailed effects from the risk of auditing public companies....

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