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

Category: Accounting and Audit

PwC Clean Chit Audit of Herbalife Knocks Out Pershing’s Ackman

Grade sheet - Excellent to Poor

Herbalife has been under constant attack from William Ackman of Pershing Square hedge fund, who alleged that the company was a pyramid scheme and has been up in arms against the company and its shareholders.

Well, on Monday, PwC delivered its audit analysis of Herbalife’s last three years’ financial statements and found no material changes. Yes, nothing at all, clean as [...]


What’s “Value For Money” For A Central Bank? Deloitte Will Explain Shortly

Counting  money

What is the “value of money” at a central  bank?

Really, when you can just “print” it, do you really care about its value?

Well, we are soon about to find out.  Mark Carney, the current guv at the venerable Bank of England (and only 3 months ago, the previous head of Bank of Canada) is now hiring Deloitte and McKinsey to [...]


PCAOB Whacks Deloitte For $2 Million, Largest Penalty Ever!

Explosion

 

The Public Company Accounting Oversight Board is $2 million richer today by whacking Deloitte & Touche LLP with its highest ever civil money penalty (equaling another penalty for the same amount).

Deloitte apparently settled this disciplinary order for violating the Sarbanes-Oxley Act and PCAOB rules. The firm’s undoing – allowing a former partner to [...]


Thirty+ Common Big4 Interview Questions

Businessman with skyscraper in background

Guest post from http://www.big4bound.com

One of the best things you can do to prepare for an interview is to research the interview questions Big 4 firms most commonly use, and practice them ahead of time. Getting together a list and practicing the Interview questions is essential because it makes you more calm, look professional, and come off as a better candidate.

Write down your [...]


Special Big4 Offer to Attend Bank and Capital Markets Tax Institute (BTI) 2013

Businessmen

For 48 years, the annual Bank and Capital Markets Tax Institute (BTI)  has brought the leading regulatory, government, and compliance experts from the banking industry to discuss the regulatory updates and this year will be no different.

Conference participants get essential updates on key industry topics, including general banking, IRS Developments, Capital Markets, and Loan Workouts.

Further, BTI continues to offer [...]


Selecting a Small Business Accountant

Small Business AccountantCertified Public Accountant

Certified Public Accountant

Many small business owners do their finances and taxes on their own, so you may ask: why should I Selecting a Small Business Accountant? The reason: no matter what stage your small business is in, you can benefit from having an accountant on your side.

Gustavo A Viera CPA does [...]


SEC Guns Big Four Firms In China, Charges Filed Yesterday!

Big4

Watch out! A sovereign issue between US and China is trickling down as heartburn between the SEC and the Big Four Firms.
Continue reading


Hurricane Sandy Closes PwC Offices in NYC, Surrounding Area

Big4 Logo

By Michael Foster, Big4.com Blogger

Hurricane Sandy, making its way through the northeast of the United States, has caused several Big4 firms to close their offices in addition to closing trading on the New York Stock Exchange and NASDAQ.

On Sunday, NASDAQ and the NYSE announced that they would close exchanges on Monday and possible on Tuesday. This is [...]


Client Portfolio Management

Maureen Broderick, Big4.com Guest Blogger

If you’re serving the wrong clients, you don’t have a chance for success.”  Bill Hermann, former Managing Partner, Plante & Moran

For professional service firms the client base, in effect, defines the business. Clients represent much more than a revenue stream: They are the magnet that attracts other desirable clients as well as top professionals to [...]


How are you Performing on the PSF Leadership Model?

Maureen

Maureen Broderick

Broderick, Big4.com Guest Blogger

“The fundamentals of the professional service business are brutally simple; it’s about talent, it’s about clients, and it’s about teaming to bring it all together to create and deliver value.”  Jim Quigley, former CEO, Deloitte

Operating a professional service firm (PSF) is very different from running a product-based business. Infrastructures, governance, talent management, compensation, and [...]


IFRS versus USGAAP: a bit of history

Big4 Logo

Success! Today, more than 120 countries adopt and accept the IFRS as its standards for the Financial Statements – and some of them has adopted it as its accounting principles (in Brazil, for example).
Continue reading


New Accounting Fraud Case Brings Spotlight Back to Olympus

Big4 Logo

By Michael Foster, Big4.com Blogger

After external auditors for Olympus were cleared of responsibility in one of the largest fraud scandals in Japanese history, the electronics firm continues to face legal pressure in Japan. Now, the firm has reported separate corrupt practices connected to its Brazil practice to U.S. regulators.

The case involves “irregularities” connected to a doctor training [...]


Speakers Criticize Auditor Conflicts of Interest, Recommend Auditor Rotation Plan

Big4 Logo

 

By Michael Foster, Big4.com Blogger

Auditors and accountants have expressed concern to the Public Company Accounting Oversight Board (PCAOB) that auditors’ consulting businesses are producing a conflict of interest, in addition to worries that other conflicts are compromising audit quality.

The PCAOB held a public meeting on firm independence and rotation in San Francisco last month. At the event, Silicon [...]


Meet Fahad – PwC Canada’s “Campaign Star!”

fahad

To learn why Fahad belives PwC is the ideal firm to launch a brilliant career, click on the link below and watch his personal video!
http://www.pwc.com/ca/en/campus-recruiting/life-at-pwc/our-people/fahad.jhtml

Fahad lives by his golden rule that what you learn on the job is just as an important as how you learn it. The learning culture at PwC known as [...]


The End of the Command and Control Leader?

By: Mary Werner, CPA, MOD, Big4 Guest Blogger  

“In these troubled and uncertain times, we don’t need more command and control; we need better means to engage everyone’s intelligence in solving challenges and crises as they arise.”

~Margaret Wheatley

Command and control leaders. You love to hate them. These leaders are [...]