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Monthly Archive: December 2005

New Ernst & Young UK Chairman

Ernst & Young has a new chairman in the UK. Mark Otty, from the firm s South African offices, will be the next chairman, succeeding Nick Land. The handoff will occur on June 1, 2006. Until then, Otty and Land will work together to ensure a smooth transition.
 
Otty joined Ernst & Young as an audit trainee in South Africa.

During his [...]


Audit Weaknesses in Canada

The Canadian Public Accountancy Board (CPAB) announced considerable weaknesses in public company audits last week, especially among the Big Four. In a review of the audits performed by the Big Four on eighty-seven public Canadian companies, nearly 67% exhibited serious deficiencies, requiring that they be redone. More received other substandard ratings.

Among the most prominent problems were violations of the firms [...]


Voting with Their Feet – Accenture Struggles with the Electoral Market

Colorado decided to terminate its voter registration contract with Accenture, because of its difficulty attracting voters (among other reasons).

This follows a similar decision by Kansas and problems with the program in Wisconsin.

Colorado had spent US$1.5 million on the voter registration endeavor – out of an estimated US$10.5 million to complete the project.
 
The Wisconsin project is expected to cost US$13.9 million. [...]


Deloitte Seeks UK Awareness

Deloitte has engaged a number of WPP advertising agencies to boost awareness of the firm s service offerings in the UK. The effort results from the firm s claim that potential clients and the public in general are not aware of the firm s reach – both in terms of competencies and current market share.
  
This decision follows what appears [...]


Ernst & Young to Expand IT Offerings

The Big Four never leave a business with no intention of returning. Years after having divested its consulting practice in a sale to Cap Gemini, Ernst & Young has signaled a return to the IT consulting market, albeit in a limited capacity.
 
Currently, Ernst & Young is seeking IT professionals to participate in a broad array of client-facing initiatives. 

Beyond the technology [...]