This Month
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.
- Daniel Arbon
AI can stop phones dropping out, Telstra boss says
Vicki Brady says the telco group’s customers have ‘no appetite’ for phone outages. Her $700 million Accenture deal shows it is getting serious about AI.
- Jenny Wiggins
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.
- Daniel Arbon
December 2024
Are you guilty of using this year’s most awful jargon?
Here’s the past 12 months in words and phrases that professionals love to use, and what they’re really saying. We hope to never see any of them again.
- Updated
- Edmund Tadros
‘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.
- Edmund Tadros
- Exclusive
- Big four accountants
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.
- Ronald Mizen
PwC in talks to offload insolvency unit to Teneo
Insolvency teams have a long history of moving in and out of the big four firms as they become frustrated at being constantly conflicted out of work.
- Sarah Thompson, Kanika Sood and Emma Rapaport
MinterEllison raids PwC, KPMG to build up consulting arm
Consultants now make up almost 10 per cent of fee-earners at the firm, as clients prove increasingly willing to seek non-legal advice from law firms.
- Edmund Tadros
Why PwC global put its own man in to run PwC Australia
PwC International parachuted in UK partner Kevin Burrowes to run the Australian firm after becoming frustrated with the local firm’s “failure to co-operate”.
- Edmund Tadros
November 2024
- Exclusive
- PwC tax scandal
PwC Australia to cut payments to retired partners by at least 25pc
About 700 former partners will have their retirement payments cut after profits dropped due to hundreds of partners leaving after the tax leaks scandal.
- Edmund Tadros
PwC wants to slash the time it takes to comply with regulations, laws
The consultancy firm has developed a service that aims to dramatically speed up the time-consuming process of mapping a company’s legal obligations.
- Edmund Tadros
Canberra’s in-house consultants notch up 15 government projects
The federal government’s internal consulting service has completed 15 projects, including policy development, analytics assessments and strategy work.
- Edmund Tadros
PwC sues ex-partner Paul McNab over tax leaks scandal
The firm is suing him back and claiming he was personally responsible for the massive financial damage the scandal has wrought on the accounting giant.
- Edmund Tadros
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
Big four partnerships should be capped at 400, inquiry finds
The major consulting firms could also be forced to separate the management of their audit and non-audit practices under recommended changes.
- Updated
- Edmund Tadros
- Exclusive
- Deloitte
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 2024
- Exclusive
- Consulting
This is the kind of consulting work KPMG Australia will send offshore
The firm’s consulting arm plans to send 44,000 hours of work to employees based overseas this financial year as part of a push to change the way KPMG operates.
- Edmund Tadros