Yesterday
The big winners as scandal forces big four into retreat
Mid-sized firms such as those run by Steve Meyn of PKF, Jamie O’Rourke of RSM and Annabelle Clare of Walshs had their best year on record as clients move away from out-of-favour big players.
- Updated
- Edmund Tadros
This Month
Distressed debt fund wrangles with Deloitte to win $480m Keystone fund
Sources said Deloitte has failed to be wooed by Arbitrium’s bid so far, and is veering towards a liquidation which could be a lengthy and expensive process.
- Sarah Thompson, Kanika Sood and Emma Rapaport
What the inquiry into the structure of the big four firms recommended
A summary of the key recommendations from the joint parliamentary inquiry into the structure of the big four consulting firms and what they mean for the sector.
- Updated
- Edmund Tadros
Capping big four partnerships would ’cause great disruption’
Two conservative members of an inquiry committee that recommended capping accounting partnerships at 400 said the move would be an “extraordinary intervention” by the government.
- Edmund Tadros
Ex-lawyer reveals why internal PwC probe failed to find tax leak
PwC Australia’s former general counsel says her initial investigation into potential breaches of confidentiality by a former partner did not detect problems because partners gave her inadequate evidence to examine.
- Edmund Tadros
- Exclusive
- Big four consultants
Deloitte board nominates Joanne Gorton as preferred CEO
The firm’s head of audit has been selected as the preferred candidate to replace chief executive Adam Powick.
- Edmund Tadros
Labor cuts spending on major consulting firms by $891m over two years
The value of Commonwealth work outsourced to Accenture, Deloitte, EY, KPMG and PWC is down to $1.5 billion since Labor took power in mid-2022.
- Edmund Tadros
$500m in Canberra consulting to be slashed
Consulting firms working for Defence, the NDIS and the Tax Office will be hardest hit by a new plan to strip more than $500 million in work from the embattled advisory sector this financial year.
- Edmund Tadros
October
From revenue to partner pay and scalps: Consulting’s bad year revealed
Everything you need to know about how the big four firms fared during the past year, including which firm is now No. 1, how much partners are being paid, and why the firms are all shrinking.
- Edmund Tadros
Deloitte partner moves to boutique workplace consulting firm
Tax advisory partner Steve Batrouney is the latest to join the wave of big four leaders moving to smaller firms amid growing client demand for specialist advisers.
- Edmund Tadros
Nicole Scurrah’s Create Advisory lands senior Deloitte health partner
A year after departing Luke Sayers’ eponymous corporate consultancy, the former chief of staff to former Queensland premier Anna Bligh is growing her firm.
- Sarah Thompson, Kanika Sood and Emma Rapaport
How office workers are losing their social skills
Consultants say incidents of inappropriate workplace behaviour are becoming more common as increasing technology use erodes our people skills.
- Euan Black
September
Consulting firms hurt as companies treat change as ‘business as usual’
Companies are building up internal teams of consultants and technology experts, fuelling the rise of consulting marketplaces and cutting demand for big advisory firms.
- Edmund Tadros
ASX touches record; Regal’s Platinum play; Trump blames Harris
Read everything that’s happened in the news so far today.
Deloitte global revenue growth slows to 3pc, PwC US cuts staff
Deloitte global revenue growth slows to 3 per cent; PwC US cuts 1800 roles; PwC spin-off Vialto to restructure $2.2 billion in debt
PwC still has its brass neck
The firm wants new blanket regulations to cover consultancies in an attempt to prevent an event itself caused.
- Mark Di Stefano
Deloitte brings back face-to-face UK graduate interviews
The move comes amid pressure from the accounting regulator for firms to clamp down on the potential for cheating in virtual assessments.
- Simon Foy
August
Ex-KPMG legal team makes strong start at Mills Oakley
A team of corporate lawyers from KPMG has moved to law firm Mills Oakley, taking most of their clients with them.
- Edmund Tadros
Jobless rate climbs; Telstra profits drop; KPMG partner pay slides
Read everything that’s happened in the news so far today.
KPMG partner income slides 9pc to $650,000
Lower demand for “legacy” consulting services has pushed revenue at KPMG down 3.6 per cent as the big four firm builds its first 20 digital workers.
- Updated
- Edmund Tadros