Photo Source There’s an ongoing dialogue related to my Big 4 Blind Items post. Specifically, someone added a comment regarding outsourcing/off shoring work by the Big 4 to India and other lower wage countries. My comment, regarding my experiences while a Managing Director for KPMG Consulting/Bearing Point in Latin America, is there, too. However, that […]
In Japan, it’s not unprecedented for the auditors to make everyone feel comfortable and sometimes be in on the deal… Lehman hit by fraud involving Marubeni employeesU.S. investment bank Lehman Brothers was defrauded of some $353.1 million after it was caught in a scam in Japan, a source familiar with the situation told Reuters on […]
Picture Source Back in November, I wrote about the imperial bankers and the impending doom and gloom that permeated the market. I warned that the CEOs and their Big 4 buddies should be nervous, too. The Big 4 are now inextricably tied to their clients’ fortunes. Lawsuits are flying fast and furious as soon […]
As we’ve seen from the comments on my PwC layoff post and other mail I’ve received, PwC is not the only one to be reducing staff via “counseling out” , “forced ranking” , “the Italian greyhounds ate the workpapers…”, or whatever other excuse they give. Both Deloitte and KPMG have also seen cuts, per my […]
For my earlier posts on this issue, go here and here. If Barack were President, would he shut down arrogant slobs like these guys? Certainly it will be more of the same wink, wink, nudge, nudge if their boy Rudy gets the nod. Judge Rules Against Wal-Mart Over Its Tax-Shelter Dispute A North Carolina state-court […]
Picture SourceI’ve written extensively in the past about both the political biases and the campaign contributions of the US firms. All of them, as a firm, slant conservative. They are large firms so there are all kinds of people that make up their list of employees. However as service providers to big business, they tend […]
Photo Source Back in the summer of 2005, I joined the team that audits PwC the Firm, itself. I was thrilled. Although I was giving up being on my own and spending most of my time on Mexico and South America, I was joining what I thought at the time was a world-class firm, I […]
New chief of BDO challenges Big 4 BDO International could be a “credible challenger” to the Big 4 accounting firms, according to its new head. Jeremy Newman, newly appointed chief executive of the company, told the Financial Times that he sees a large opportunity in the market but that becoming a fifth tier to the […]
Senator Charles Schumer has a lot of nerve. He also has a strong belief that the US public is naive and gullible. At best, it’s comical that Senator Schumer is demanding action on the sub prime crisis from the accounting firms. After all, they pay him to protect their interests, not the other way around. […]
…Because that’s where the money is! (Interestingly, he was shot by one of his own gang…) For the US Department of Justice, it’s getting to be like shooting fish in a barrel. But how quickly they’ve decided not to prosecute the firm. Is this how it’s going to be from now on? Does it have […]
