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Monthly Archive: April 2010

Galleon Rajaratnam Sued KPMG In 2005, But Did KPMG Pay?

According to Bloomberg BusinessWeek’s website, an article today by David Glovin and Patricia Hurtado reveals that Galleon Group co-founder Raj Rajaratnam and Gary Rosenbach had sued KPMG and tax shelter promoter Diversified Group LLC in a Manhattan court in 2005.

Apparently, the Internal Revenue Service disallowed $13.5 million in their tax transactions from 1999 and 2000, which forced Rajaratnam to pay […]


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EU Starts To Deeply Focus on Big Four Auditors

Following the voluminous and rather scathing report on the Lehman collapse by Anton Valukas, the Lehman Brothers court examiner, and of the reported professional negligence by Ernst & Young, the company’s auditor, it appears that the EU is taking considerable interest in scrutinizing the overall role of public auditors.

Mr. Michel Barnier, the new EU Internal Market Commissioner, and head of […]


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Compliments of Grant Thornton!

This morning in New York City and likely all other big US metro cities, there was a big give-away of Bloomberg’s newly revised Bloomberg Business Week magazine, and on the cover was cardboard slip with an intriguing line, “Let’s assume your time is valuable.”

And then if you did flip on the back of that insert you would notice that […]


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Huron Q1-2010 Short, But FY 2010 Affirmed, Shares Zoom

Huron Consulting Group Inc. (NASDAQ: HURN) came out today with Q1-2010 results, revenues were $138.9 million for Q1 2010 compared to $151.1 million in Q1 2009.
Diluted EPS from continuing operations for Q1 2010 was $0.14 compared to $0.28 in Q1 2009.

Net income was $2.5 million, or 12 cents a share (including option expense), compared with $7.1 million, or 35 […]


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Hiring To Surge in the UK Private Sector

It’s the kind of news that brings good cheer after a deluge of gloomy reports.

The latest quarterly CIPD/KPMG Labour Market Outlook survey in the United Kingdom (800 employers respondents) shows that the country’s emergence out of recession is now leading to better job prospects.

For the first time since Winter 2008, the overall net balance between the percentage of employers […]


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Grant Thornton On South Africa World Cup: Fewer Visitors Staying Longer

Just yesterday, April 21, 2009, Grant Thornton released its revised projections of the economic impact of the upcoming 2010 FIFA World Cup, now about 50 days away, on South Africa. And this was carried this morning April 22, 2010 by the Wall Street Journal, with a slightly different slant.

Grant Thornton’s titling was quite optimistic, “2010 FIFA World Cup visitors will […]


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Deloitte Reveals Corporations Perceive Acquisitions as Key Growth Strategy

Ethan Strassfield, Big4.com Staff Reporter

Deloitte Reveals Corporations Perceive Acquisitions as Key Growth Strategy

More than half of all companies (52%) expect mergers and acquisitions (M&A) activity to add 5% or more to revenue growth on a compound annual basis over the next two to five years. Consider that 5% is significant when compared to the average annual revenue growth of the […]


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PricewaterhouseCoopers Wins Top Corporate Responsibility Video Award

Christina Broder, Big4.com Staff Reporter

PricewaterhouseCoopers Wins Top Corporate Responsibility Video Award

PricewaterhouseCoopers LLP recently won the first prize at the International Corporate Citizenship Film Festival for a video featuring its employee volunteer commitment to rebuild New Orleans. The award is presented to companies which show a positive impact in the community and around the globe, and is […]


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Timothy Mahapatra Succees Aidan Birkett as Deloitte UK MD of Corporate Finance

Kenneth Guillame, Big4.com Staff Reporter

Timothy Mahapatra Succees Aidan Birkett as Deloitte UK MD of Corporate Finance 

Deloitte UK appointed Timothy Mahapatra as Managing Director of its Corporate Finance practice, succeeding Aidan Birkett. Birkett was appointed as Chief Restructuring Officer to Dubai World in November 2009, after its spectacular admission on Thanksgiving 2009 that it would not be able to meet its […]


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Oklahoma City Tops The List Among Best Small Cities

Erica deVry, Big4.com Staff Reporter

KPMG LLP finds that Oklahoma City is the least-costly metropolitan area to do business among 12 U.S. locations with populations between 1 million and 2 million based on its very low costs for labor, industrial/office leasing and electricity. Raleigh, NC, ranked second, with Buffalo, NY, and Nashville, TN following. Other notable cities were Indianapolis, Salt Lake […]


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Capgemini Finds Manufacturers Can Profit From Services

Kenneth Guillame, Big4.com Staff Reporter

A recent Capgemini study finds that manufacturers can improve their financials by shifting from products to services. The “Service as a Strategy” research reveals that while some manufacturers still view service as a cost element, an increasing number have successfully grown their service business while transforming it to a profit-center perspective. If service becomes a core part […]


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Accenture Is One Of Worlds Most Ethical Companies Again

 

Christina Broder, Big4.com Staff Reporter

April 2010

Accenture has gained a distinctive honor.

It has been recognized by the Ethisphere Institute as one of the World’s Most Ethical Companies for the third consecutive year. Accenture got a spot on the 2010 list by implementing meticulous business practices and initiatives that are instrumental to the company’s […]


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PricewaterhouseCoopers Launches Personal Brand eBook

Kenneth Guillame, Big4.com Staff Reporter

April 2010

PricewaterhouseCoopers LLP made available a terrific tool to help new college graduates gain challenging employment. A new Personal Brand eBook will help college students develop their personal brands and stand out in a crowded job market. This tool has numerous tips, insights and worksheets to enable students to thoughtfully identify, develop […]


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Ernst & Young Says Demand Exceeds Supply in US Nonperforming Loan Market

Erica deVry, Big4.com Staff Reporter
April 2010

Ernst & Young’s Real Estate Distress Services Group surveyed real estate investment and opportunity funds, private equity funds, institutional investors and real estate developers in late December 2009, and found that more than 60% bid on or priced US nonperforming loan (NPL) portfolios in 2009, but fewer than 17.5% were successful in completing a transaction. […]


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Capgemini Launches Smart Analytics Service for Utilities

Kenneth Guillame, Big4.com Staff Reporter

April 2010

Capgemini announced the launch of Smart Analytics, its new business intelligence solution which provides an accelerated platform to help utilities gain the most value from the
complex data generated in their organization and by their Smart Grid and AMI (Advanced Metering Infrastructure) deployments.

The key advantage of this service is that it enhances the speed […]


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