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Monthly Archive: December 2010

PricewaterhouseCoopers PwC: Commentary on Recent Basel III Rules Finalization

Rob Starr, Big4.com Staff Reporter
28 December 2010
 
The Basel Committee published the final Basel III rules recently and there was both careful analysis and commentary from PricewaterhouseCoopers PwC. Richard Barfield, director, risk consulting practice at PwC felt that these new rules would have an effect on the profitability and presentation of the banks’ balance sheets in the [...]


Deloitte: Wins IBM 2010 Global Alliance Excellence Award For Business Analytics

 
Rob Starr, Big4.com Staff Reporter
26 December 2010
 
 
 
Deloitte announced last week it wonIBM’s 2010 Global Alliance Excellence Award for Business Analytics. This award is indicative of Deloitte’s ability to utilize analytics technologies such as IBM Software and this is a major advantage as analytics becomes a mainstream set of strategic business tools.
 
Deep analytics is an important part [...]


PricewaterhouseCoopers PwC: Online Gaming Strong, But Moving East Quickly

Rob Starr, Big4.com Staff Reporter
28 December 2010
 
Playing to Win, a report recently released by PricewaterhouseCoopers PwC highlights some interesting trends in the casino and online gaming industries.
These trends include:
The fact the global casino and online gaming industries have weathered the recession and that there is a shift in power from the West to the East.       
By [...]


Deloitte UK : Banks Reporting Volume Up, But Needs To Be More Consistent

Rob Starr, Big4.com Staff Reporter
28 December 2010
 
Deloitte UK reviewed in detail UK banks’ annual reports this past month and had some interesting findings. Their major finding was although there was an increase in the volume of the reports that were filed, there will still inconsistencies in the way the information is presented.
Compared with reports from 2008 the volume has grown [...]


Deloitte: Wins 100 Percent Rating on Human Rights Campaign For Fifth Straight Year

Rob Starr, Big4.com Staff Reporter
28 December 2010
 
The Human Rights Campaign’s Corporate Equality Index (CEI) gave Deloitte a fifth consecutive 100% rating earlier this year. The 2011 CEI rating considered various factors including a company’s anti-discrimination policies, diversity management and training, and same-sex partner benefits.
Deloitte promotes LGBT equality through several different initiatives including:
Corporate Equality Initiatives. Deloitte has [...]


PricewaterhouseCoopers PwC: Canadian Capital Markets Solid, Expected To Improve Further

Rob Starr, Big4.com Staff Reporter
28 December 2010
 
PricewaterhouseCoopers PwC Canada ’s December 2010 Capital Markets Flash report was quick to praise the Canadian capital markets despite the backdrop of global macro weakness. Solid fundamentals exist in 2010 and there is a huge improvement from 2009, setting the stage for good equity market performance in 2011.
Here are a [...]


If You Are Buying Fake Goods In London, It’s a Real Ripoff, Says KPMG

Susan Chapman, Big4.com
26 December 2010
 
We never knew this, but it appears that someone in KPMG is keeping tab on the street price of fake goods all across the world.
 
And KPMG’s so-titled ‘Counterfeit Christmas’ index which has been looking at prices of a basket of counterfeit goods since 2007 by a team of KPMG “investigators” in 11 cities including London, New [...]


PricewaterhouseCoopers Pwc: Fraud Prevalent in Indian Manufacturing Sector

Rob Starr, Big4.com Staff Reporter
26 December 2010
 
Fraud threats in an economic downturn were the subject of a recent  PricewaterhouseCoopers PwC survey titled, “A guide to mitigating fraud and misconduct in the Manufacturing Sector”. The 3,000 senior representatives worldwide and 145 in India completed a web based survey and there were some interesting findings including:
 
The Indian manufacturing industry suffers from a [...]


PricewaterhouseCoopers PwC: Deepak Kapoor Is New PwC India Chairman

 
Rob Starr, Big4.com Staff Reporter
26 December 2010
 
There will be a new Chairman of PricewaterhouseCoopers PwC India network of entities who will serve a three year term beginning on Jan 1, 2011. Deepak Kapoor has been elected and his new responsibilities will entail the business of the PwC India network Firms in India, including representation externally and internally, as well as dealings [...]


Deloitte: India Oil Companies To Start Shopping For Overseas Assets

Rob Starr, Big4.com Staff Reporter
26 December 2010
 
India’s 11th ranking on the world’s M&A list and 1.52% share of the entire value of deals will not stop Indian companies from looking for oil and gas assets in other countries. National Oil Companies (NOCs) have already been involved in this practice, contends Deloitte after extensive analysis of the Indian M&A activity.
 
There are [...]


KPMG: Airlines Consolidation Inevitable. Cooperation Critical to Survival

Christina Broder, Big4.com Staff Reporter
26 December 2010
 
A new KPMG global report finds airlines are increasingly using a variety of innovative mechanisms to cooperate, such as expanded codeshare agreements, increased alliance participation, joint service agreements or strategic procurement partnerships. All this to work around restrictive international route rights rules and foreign ownership restrictions which prevent full mergers – and new ways [...]


KPMG: Cost Control Remains Key Consideration In Managing Supply Chains

Christina Broder, Big4.com Staff Reporter
26 December 2010
 
A recent KPMG International survey, “Global Manufacturing Outlook – Relationships, Risk and Reach” of 200 senior-level executives from North America, Western Europe and Asia-Pacific on supply chains dynamics as a result of prevailing economic uncertainty, shows that 66% feel cost is the leading consideration of their supply chain models, but 63% agreed that more [...]


Huron Consulting Group: Key Executive Appointments To Managing Director

Christina Broder, Big4.com Staff Reporter
26 December 2010
 
Huron Consulting Group (NASDAQ: HURN) promotes Ryan Bengtson, Delphine Mendez de Leon, Michael Roberts, Robin Snasdell, Philip Strzalka, Larry Stuckey, Manny Tzavlakis and Amy Wall to Managing Director. James H. Roth, chief executive officer, Huron Consulting Group congratulated all, indicating these well-deserved promotions are in recognition of the industry knowledge and deep commitment to [...]


Grant Thornton LLP Highlights Top 10 State And Local Tax Issues Of 2010

Christina Broder, Big4.com Staff Reporter
26 December 2010
 
Grant Thornton LLP has recently released a new State and Local Tax Alert (SALT) identifying the top 10 SALT stories of 2010.
 
Grant Thornton finds that many states will have to deal with multi-billion dollar budget gaps in 2011 and beyond, as structural deficits that can only be fixed by drastically raising taxes or cutting [...]


KPMG Switzerland Revenue Falls 0.9% From 2009 To 2010. Tax Strong. Advisory Weak

Christina Broder, Big4.com Staff Reporter
26 December 2010
 
KPMG Switzerland’s 2010 (business year ending September 30, 2010) revenues were CHF 435 million down 0.9% from 2009 with Tax revenues at CHF 116 million (up 6.9 %), Audit revenues at CHF 234 million (down 2.5 %) and Advisory at CHF 85 million ( down 6.5 %). environment, KPMG Switzerland said that it succeeded [...]