Category: Accounting and Audit
A guest blog from Big4Bound (www.big4bound.com)
This is a summary of things that I wish I had known going into my first year, or maybe I was told and should have payed more attention. For many of these you have heard them before but I wanted to actually add some value so I gave you actual ways you can put them into practice. [...]
New, Unique and Insightful…
The 2013 Performance Analysis of The Big Four Firms - Deloitte, EY, KPMG and PwC
Revenues for the Big Four accounting firms grew at a moderate pace from 2012 to 2013 to record levels, a performance aided by continuing improvement in global economies while challenging conditions persisted.
Two Big Stories Of 2013: Deloitte beat PwC to become the largest accounting firm on [...]
4 business development lies you need to stop believing if you are to rapidly grow a partner-sized client portfolio
These four business development myths are rife within Big 4 and large firms. Believing them could be very dangerous for your career. Heather Townsend, co-author of The Go-To Expert and How to make partner and still have a life, explains why…
Business development, or should we actually call it ‘marketing and selling’, tends to be seen as a dark [...]
It can be tempting when your workload is high to just get your head down and do your work. In fact, that was [...]
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 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 [...]
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 [...]
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 [...]
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 [...]
Watch out! A sovereign issue between US and China is trickling down as heartburn between the SEC and the Big Four Firms.
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 [...]
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 [...]
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 [...]