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Monthly Archive: June 2012

UK Clients, Creditors May Get $3.2 Billion from MF Global Fallout

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By Michael Foster, Big4.com Blogger

 

Administrators of MF Global Holdings have announced that they may return up to $3.2 billion to former creditors of the broker.

Big4 firm KPMG made the announcement in an emailed statement, adding that outstanding claims could tally as high as $3.9 billion, although available funds for settlements amount to at least $2.8 billion.

One of [...]


Deloitte Survey Highlights Risk Management Concerns

By Kalen Smith, Big4 Blogger

According to a new survey from Deloitte, most businesses are not making risk management a top priority. Analysts from Deloitte and Forbes Insights interviewed executives throughout the world. Only about a quarter of all executives reported that their organizations actively managed the risks they were facing. Continue reading


PwC: The future of Global Business Services evaluated

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By Rob Starr, Content Manager, Big4.com

A new study has found that while organizations largely achieve the global sourcing objectives they focus on, such as cost reduction, they are challenged to achieve other related objectives such as scalability, flexibility, and innovation unless disciplined focus is applied. PwC US and HfS Research recently released “The Future of Global Business Services,” an analysis of how organizations maximize the impact of their shared service, Global Business Service (GBS), and outsourcing strategies. Continue reading


Deloitte: Organizations not continuously monitoring risk.

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By Rob Starr, Content Manager, Big4.com

Fewer than 25 percent of executives report that their organizations continuously monitor risk. A new Deloitte and Forbes Insights survey also reveals  forty-one percent of respondents said that they saw the global economic environment as the most important source of risk over the next three years, and nearly one-third put government spending and budget into [...]


Ernst & Young: Summer interns take on graduate jobs

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By Rob Starr, Content Manager, Big4.com

As Ernst & Young kicks off its 2012 Summer Internship Programme, the firm is pleased to report that 84% of students who joined last year’s summer internship scheme have taken on graduate jobs with the firm. Over the next 5 weeks, 320 university students will take on work experience placements in 17 Ernst & Young offices across the UK. Continue reading


KPMG: Barangaroo solution

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By Rob Starr, Content Manager, Big4.com

To meet its longer-term Sydney growth and workplace efficiency needs, KPMG has signed a 14 year conditional lease agreement with Lend Lease at Sydney’s new financial and professional services hub. Continue reading


Accenture Earnings Rise Thanks to European Downturn

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By Michael Foster, Big4.com Blogger

 

In a sign that demand for technology consulting is not subsiding, Big4 firm Accenture announced its quarterly profits rose nearly 10 per cent last quarter to $689.2 million.

The firm also reported that its revenue for the quarter had grown by 6.5%, even though the company took a hit on foreign exchange charges. In [...]


Deloitte Expanding in Southeast Asia

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By Michael Foster, Big4.com Blogger

 

Deloitte plans on spending $400 million on expanding its Asian presence, with over 10% of that amount earmarked for operations in Southeast Asia amid growing interest in the region.

The investment is part of a $1.25 billion investment in strategic markets as part of an ongoing expansion project begun in 2010 and set to [...]


KPMG Study Shows China and US Will Lead Disruptive Technologies

By Kalen Smith, Big4 Blogger

A new study from KPMG has shown that the United States and China are expected to be responsible for most of the disruptive technologies developed in the coming years. The Global Technology Innovation study found cloud computing will continue to play a major role in the technological revolution. Continue reading


Ernst & Young: Confidential Filings Under JOBs Act and Investor Uncertainty slows U.S. IPO Pipeline

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By Rob Starr, Content Manager, Big4.com

A new Ernst & Young report shows IPOs issued in Q2 rose an average of 8.8% as of June 22, compared to a 23.2% average for IPOs issued in Q1. Excluding REITs, closed-end funds, SPAC and OTC issues, total US IPOs in the pipeline dropped from 164 in Q1 to 132 in Q2 Continue reading


KPMG: Competition for international talent focuses on mobility programs

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By Rob Starr, Content Manager, Big4.com

According to KPMG’s International Executive Service’s Global Assignment Policies and Practices Survey, mobility programs are undergoing a number of subtle yet important changes as the competition for international talent picks up steam. Continue reading


Deloitte: 42nd Annual Doctoral Consortium Attracts Ph.D. Candidates

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By Rob Starr, Content Manager, Big4.com

The 42nd Annual American Accounting Association (AAA)/Deloitte Foundation/J. Michael Cook Doctoral Consortium attracted more than 90 top Ph.D. candidates and 17 distinguished faculty members to discuss current topics in accounting education, research and publishing recently. Continue reading


PwC: Supreme Court decision to uphold healthcare re-injects a new sense of urgency

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By Rob Starr, Content Manager, Big4.com

According to a report published yesterday by the Health Research Institute (HRI) of PwC US, The Court’s decision clears the path for a new era of healthcare megapayers — the federal government, large employers and state insurance exchanges empowered to direct business based on health outcomes. Continue reading


CFOs Souring on Corporate Profits in America, Canada

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By Michael Foster, Big4.com Blogger

 

A new survey by Deloitte showed that CFOs are retreating from previous optimism about the economic prospects of North American markets as continued economic difficulties around the world signal a threat to corporate performance in the near term.

The quarterly survey, titled Deloitte CFO Signals, showed that 39 per cent of CFOs are more [...]


Deloitte Study Shows Business Confidence Declining in Canada

By Kalen Smith, Big4 Blogger

Chief financial officers throughout Canada have said they are concerned about the future of the global economy. According to a new Deloitte poll, the Eurozone debt crisis and economic slowdowns in China, Europe and North America are taking a toll on businesses in Canada. Continue reading