This Month
EY and PwC become the outsourcers
Such is the big four’s plight in Canberra that they have started outsourcing their government dealings.
PwC spin-off Scyne Advisory to slash staff and restructure
The public sector consulting specialist now owned by Allegro Funds told employees it would cut about 10 per cent of its headcount and focus on tech work.
March
Australia misses out as China redirects global investment
Chinese firms are ramping up global investments as geopolitical tensions rise, but Australia is largely getting the cold shoulder.
AI can spot threats before they happen
Australian organisations are drawing on improved technologies to alert them about when and how they need to act.
Third-party risks are no longer someone else’s fault
In this hyper-connected world it’s important to remember that ensuring the protection of data along the supply chain is essential.
KPMG to merge dozens of partnerships in overhaul of global structure
The effort to more closely integrate the businesses amounts to one of the biggest restructures of a big four network in years.
Why now might be the right time to add to your property portfolio
For established property owners this window presents a unique opportunity to put their equity to work.
‘We need women coming through’: KPMG director looks to change industry
Kate Gardiner, who has worked on all sides of the property sector, says females should embrace challenges to change the male-dominated industry.
February
KPMG pulls DEI reports from website after Trump pressure
The big four firm in the United States has become the latest government contractor to ditch DEI targets.
The graduate employment boom is losing steam
Graduates can still find employer programs straight out of university, but it’s becoming tougher as the employment market retreats from boom time to just good times.
Dozens of PwC China partners step aside after audit ban
The disclosure suggests the big four firm has lost state-owned and finance sector clients.
January
KordaMentha raids KPMG to create new defence advisory business
The new consulting offering will be established as the big four firm’s once-mainstay defence practice continues to erode under a broader government crackdown.
Rivers to shut down, closing 136 stores and making hundreds redundant
The brand was owned by Mosaic Brands, an ASX-listed retailer which fell into administration in October. Another of its chains, Katies, was closed in December.
Internal figures show true cost of Endeavour’s split with Woolworths
The retailer behind BWS and Dan Murphy’s has never disclosed the cost of its 2021 separation from the supermarket giant, but it seems more than many expected.
BDO poaches big-four talent as partnership hits record high
The country’s fifth-largest accounting firm by revenue has surpassed the 300-partner milestone as it ropes in staff from larger rivals.
December 2024
EY sues five partners who left for Alvarez & Marsal
The civil action comes as EY’s leadership asks at least eight partners to leave as part of a cost-cutting exercise.
How accountants will help save the planet
The once humble accountant will be key to supporting the transition to net zero.
Mosaic Brands receivers close Katies chain, 480 jobs to go
KPMG said it would close all 80 stores run by the womenswear brand, and another 80 owned by the company. Mosaic had already closed 200 shops to avoid collapse.
‘Eat what you kill’: How this consultancy is taking on the big four
Alvarez & Marsal’s remuneration model means managing directors can potentially earn multiples of the average big four partner pay.
What Defence spent on consultants could run submarine fleet for a year
What would Defence’s $811 million in spending on the big five consulting firms in 2022-23 buy? Turns out the answer is quite a lot.