“Francine McKenna, a sharp-eyed observer of Big Four machinations on her re: The Auditorsblog site, offered a trans-Atlantic view of the deal: “With everything going on here, Deloitte is probably in the worst shape of the Big Four. Deloitte lost the most clients through failures and bailouts and are really hurting, with people being laid off in the US during the past two years.”
During tough times, the big firms have tended to retreat from repetitive, high volume and lower margin business areas – and that includes writing software, she suggested. Firms such as Deloitte “don’t have the infrastructure to support the software over the long term, because they’re not software companies. This may just be an opportunity for them to clear the decks and raise some money,” McKenna said.”
For the link to the Accounting Web UK story, go here.
For the link to another recent post on Deloitte, go here.
