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Monthly Archive: September 2012

Hong Kong Securities and Future Commission to Name Former KPMG Exec Chairman

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By Michael Foster, Big4.com Blogger

Hong Kong has appointed former KPMG executive Carlson Tong as chairman of the city’s Securities and Futures Commission (SFC), reports the Wall Street Journal.

Previously, Tong served as KPMG China and Asia Pacific Chairman, after joining KPMG’s UK practice in 1979. He is originally from Hong Kong and is a chartered accountant in both [...]


PwC: Long term business sustainability mapped out

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By Rob Starr, Content Manager, Big4.com

In a world first study to understand the value and elements of organisational agility, leading Australian and New Zealand organisations have shared their inner workings. Continue reading


McGladrey: Cautious Optimism Among Middle-Market Distributors

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By Rob Starr, Content Manager, Big4.com

The findings from a newly released Monitor Distribution Report, sponsored by McGladrey LLP, the nation’s fifth largest provider of assurance, tax and consulting services, and the NAW Institute for Distribution Excellence finds that Middle-market distributors are growing, but that growth – and the optimism that accompanies it – is tempered by a number of influences including faltering economies in Europe and elsewhere, rising commodity prices, competition from low-cost-country vendors, the continued housing crisis, health care law and uncertainties over which administration will lead the country following the November election. Continue reading


Crowe Horwath:Soliton Financial Analytics Ltd Selected

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By Rob Starr, Content Manager, Big4.com

In its more than 70 years of experience, Crowe Horwath LLP has helped thousands of banking organizations, from de novo banks to multibillion dollar holding companies. Recently, they selected financial technology solutions from Soliton Financial Analytics Ltd. to be the technological foundation of its Crowe Credit 360 portfolio analysis tool in the U.S. Continue reading


PwC: Auto supplier M&A activity remains high

PwC

By Rob Starr, Content Manager, Big4.com

An expanded PwC 2012 study includes 700 automotive suppliers with aggregate revenues of $2.8 trillion in 2011 from Brazil, China, Europe, India, North America, Japan, and South Korea. PwC’s global automotive management consulting practice recently released “Consolidation in the Global Automotive Supply Industry 2012” the firm’s fifth annual study of the global state of the automotive supplier market. Continue reading


KPMG Study Shows Financial Sector Is Key to Economic Growth

By Kalen Smith, Big4 Blogger

Economies in Sub-Sahara Africa are growing rapidly. Many experts are surprised by how quickly these economies are expanding in the face of a global economic slowdown. According to the head of the World Bank, the continent’s economy will expand faster than any other over the next five years. Continue reading


Holiday Sales to See Smaller Boost

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By Michael Foster, Big4.com Blogger

Holiday sales may increase by up to 4 per cent, according to a new study by Deloitte.

The Big4 firm predicts a rise in holiday sales of 3.5 to 4 per cent as consumers spend more after the election, said Carl Steidtmann, Chief Economist for Deloitte. “While consumers turned out in the summer to [...]


KPMG: Claims costs offset stronger premium growth

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By Rob Starr, Content Manager, Big4.com

KPMG’s 2012 General Insurance Survey reports that while Australia’s general insurers reported stronger growth in premiums, insurance profits have been impacted by net claims and some reinsurance costs. Continue reading


Crowe Horwath: New software solution offers integrated case management

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By Rob Starr, Content Manager, Big4.com

Crowe Horwath LLP, one of the largest public accounting and consulting firms in the U.S., has teamed with Integrated Software Specialists (ISS) to be the exclusive provider of ISS’s iJustice® Enterprise Case Management Solution Suite (iJustice). Continue reading


Capgemini: SWIFT CRM for Oracle Fusion Launched

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By Rob Starr, Content Manager, Big4.com

Capgemini’s Oracle Fusion CRM solution – SWIFT CRM (Structured Way of Implementing Fusion Led Transformation for Customer Relationship Management), has been launched. In addition to being a partner, Capgemini is one of the first Oracle Fusion CRM Cloud Service customers in the Netherlands and Germany. SWIFT CRM will be launched globally via a phased roll-out across other countries in Europe, US, Middle East and Asia-Pacific. Continue reading


PwC: Eric Hornsten Appointed

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By Rob Starr, Content Manager, Big4.com

A 20-year veteran of the firm, has been appointed as managing partner for PwC’s Austin office. Prior to assuming his new role, Eric Hornsten served as an assurance partner in PwC’s National Professional Services Group in San Jose, CA, where he worked with clients on complex accounting and reporting matters in areas such as revenue recognition and stock-based compensation. Continue reading


PwC Argues that European Refining Industry Needs to be Reformed

By Kalen Smith, Big4 Blogger

European refineries are struggling to attract the capital they need to expand their operations. PwC director Robert Turner said the industry will need to undergo a major reform in order to draw new investors. Continue reading


Deloitte: U.S. Mobile Broadband Industry May Be Losing Edge to Global Competitors

By Kalen Smith, Big4 Blogger

The United States used to lag most of the rest of the world in implementing fourth generation (4G) cellular technology. U.S. mobile companies surprised the rest of the world when they emerged as the global leader in 4G technology last October. However, a new study from Deloitte has shown that they may be losing their competitive edge. Continue reading


IT Complexity is Good for Consultants

Alan Radding, Big4.com Guest Blogger

(A book is the best way to build a consulting practice: ask about ghostwriting your book)

There is good money, it appears, to be made in streamlining and simplifying IT and process complexity.  Accenture knows that; it built a Complexity Management practices around the issue. Deloitte has focused on complexity in [...]


Grant Thornton to Purchase IVA Business from RSM Tenon

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By Michael Foster, Big4.com Blogger

Accounting firm Grant Thornton is looking to acquire RSM Tenon’s Individual Voluntary Agreement business from the firm as it continues to expand.

RSM Tenon, a British-based accounting firm, employs around 60 people in its Manchester-based IVA business practice. The practice saw £5 million ($8.1 million) in gross revenue for the last fiscal year ending [...]