Big Four & Leading Accounting and Consulting Firms – news, opinion and career opportunities for aspiring & current professionals & alumni

Monthly Archive: March 2007

Using Technology to Mitigate Fraud Malpractice Claims

"One of the top audit-related malpractice concerns cited today is failure to prevent fraud. This was the focus in the widely publicized WorldCom and Enron cases, and in 35 percent of all audit claims reported to the AICPA’s Professional Liability Insurance program in 2004 (the most recent year available). Unfortunately, malpractice complaints involving fraud are not solely confined to audited […]

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CapGemini: Retailers Are Underestimating Internet Channels

"CapGemini has noticed that about two-thirds of retail CEOs are not fully aware of the 3-to-5 year effects of online or multi-channel developments on their businesses. CEOs are also less eager to look at channel developments as positive opportunities, but view them rather as a competitive negative end-game.

Mr. Steve Sutton. retail consultant at CapGemini reported on the basis of […]

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BearingPoint Gets New COO, Ed Harbach

"We notice that BearingPoint (NYSE: BE) has recently appointed a new President and COO, Ed Harbach, reporting to Harry You, CEO. Interestingly Ed Harbach also comes from Accenture, we believe where Harry You also spent some time as CFO. He is being awarded around 900,000 restricted stock units to vest over four years. BE stock has been flat recently, so […]

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Accenture CEO Survey: Key is to Maintain Common Corporate Culture

"Going global may sound poetic; going global may sound like inspiring dreams, but success as a global enterprise is impossible if organizations are poorly equipped. The statement came from nearly one-quarter of executives working for some of the largest companies in the world.
These results from a recent Accenture survey of global CEOs. This telephonic study and fieldwork were conducted in […]

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Accenture and MedShare International Create Improved Healthcare for Developing Countries

"Accenture s Supply Chain Management and Health & Life Sciences is on the way to improving global health care.

In a recent development, Accenture has helped MedShare International, a non-profit organization benefit from a stronger global supply chain. Surplus medical supplies from US donors can now be efficiently routed to distant places on the planet with a need for such drugs. […]

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KPMG Finds Cost Control A Difficult Stretch

"KPMG International and Economist Intelligence Unit (EIU) have found that Cost reduction is an enviable but difficult to achieve goal. They found that two-thirds of existing companies aim to achieve an annual reduction of 3%, while only 8% of the respondents reached or exceeded thei set targets so far.

When revenues and profits are rising, cost control loses some focus and […]

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KPMG Chairman Leaves Firm for British Telecom

"Sir Michael Rake, Chairman of KPMG International will be leaving the firm in September 2007 to be Chairman of the BT Group plc. Sir Michael, one of the top honchos of the global accountancy profession served KPMG for long 33 years and held senior positions from Chairman and Senior Partner of KPMG U.K. to Chairman of KPMG International.

He was granted […]

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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.
John P. Connolly becomes Chairman of Deloitte s board, replacing Piet Hoogendoorn.

All this, we understand to happen May 31. These are just nominations by the […]

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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.

In the quarter ending November 2006, ACN bought back $526 million of shares and paid its first dividends of about $300 million.

There s a ton […]

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Accenture Re-defines HR for Kimberley-Clark

"Accenture (NYSE:ACN)has signed a seven year agreement to provide a broad range of human resources services to Kimberly-Clark Corporation.

Kimberly-Clark will also receive administrative services in multiple areas including recruitment, payroll administration, employee data management, workforce reporting, training and development. In addition, Accenture will provide enhanced human resources portals, educational information and other on-line benefits.

Outsourcing HR services is in line with […]

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CapGemini: The CoMPaSS Shows New Routes

"CapGemini is instituting a new computer-based dispensing system at all of Lloyds pharmacy branches. CoMPaSS (Complete Medication and Patient Support System) will streamline 110 million prescriptions dispensed by Lloyds each year with additional complimentary benefits for patients, pharmacists and the NHS.

CoMPaSS has been designed keeping in mind the greatly expanded role of the UK pharmacies to comply with recent Department […]

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Ernst & Young Focuses on Restoring Investor Trust

"Ernst & Young notes that with increasing globalization and larger numbers of companies going public, professional services firms and financial reporting must be committed to restore investors trust, especially in emerging markets.

E& Y notes record high in Global IPO activity in 2006 with US$227 billion through 1,559 IPOs increasing from US$167 billion raised in the whole of 2005. The […]

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Stocks Routed: ACN, BE, CAP.PA Slide Down Big

"Stocks got whacked globally today, from a 9% drop in China to a 414 drop in the Dow Industrials. There was just a sea of red with really no place to hide, except in cash or shorts.

The publicly traded Big4 firms joined the rout:

Accenture (NYSE: ACN) down 3%

BearingPoint (NYSE: BE) down 2%

CapGemini (Paris: CAP.PA) down 4%

Granted that ACN and CapGemini […]

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Software That Won’t Sit on the Shelf

"As co-authors of the Buyer s Guide for Audit, Anti-Fraud, and Assurance Software, we are often asked to give a kind of Consumer Reports -type summary of 140 vendors in areas as diverse as forensics, risk management, web collaboration, data analysis, and SOX compliance. People ask us what the ""best"" package is. This is a reasonable question but it is […]

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Resume Corner: The Best Resume Content

"Here are some tips for putting your best foot forward on your resume.

    * Don t try to save money by printing onto a cheap copy paper instead of good quality stock. Check for typos, grammatical errors and coffee stains. Use the spell check feature on your word processor and ask a friend to review the resume to find mistakes […]

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