August
Creditors owed $22m in Mighty Craft beer collapse
The beverages group, which owns 25 per cent of zero carb brand Better Beer, owes money to Pure Asset Management and KPMG, according to its creditor list.
- Simon Evans
One consulting firm has more Olympians than the others
In the hyper-competitive world of big four consulting in Australia, one firm stands out in a completely unofficial ranking of which has more Olympic athletes at the Paris Games.
- Euan Black
July
What went wrong with KPMG’s legal experiment
Finding top lawyers willing to tolerate relative anonymity and powerlessness in a distant corner of a mammoth multinational proved a challenge for the legal division.
- Maxim Shanahan
KPMG pay growth slows in tough market
Pay rises for this financial year were minimal, with graduate salaries increasing by an average of just 1.5 per cent.
- Maxim Shanahan
KPMG axes legal division, dozens of jobs to go
KPMG will undertake its second major restructure in a month, bringing a decisive end to its ill-fated legal experiment.
- Maxim Shanahan
River Capital nabs Archer Capital’s education roll-up Aspire2
Andrew Larke, Orica’s former star dealmaker, will co-invest alongside the Melbourne-based investment firm and come on as Aspire2’s chairman.
- Sarah Thompson, Kanika Sood and Emma Rapaport
June
- Exclusive
- Productivity
Why KPMG sees silver lining to 5pc jobless rate
The big four firm says there is no “productivity crisis” and recent lacklustre results can be explained by the workforce shake-up caused by the pandemic.
- Ronald Mizen
KPMG to cut 200 jobs | Musk’s $72b payday | Trump promises tax cuts
Read everything that’s happened in the news so far today.
May
KPMG opens tender process for its Future Group-run super fund
The reasons behind the tender process are unknown, but it’s reasonable to assume KMPG isn’t over the moon with its current provider.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Let ASIC police big four conflicts: Samuel
Former ACCC chairman Graeme Samuel says the big four’s governance changes looked good on paper, but would not fundamentally change the culture of the firms.
- Maxim Shanahan and Ronald Mizen
April
Scyne settles restraint case, as PwC tax partner jumps to KPMG
Connie Heaney will be free to continue at Downer EDI under the settlement, while a senior PwC tax partner has jumped ship to KPMG.
- Updated
- Maxim Shanahan
- Opinion
- Big four consultants
Consulting clients look elsewhere as trust in big four plummets
Smaller firms have an opportunity to build trust with clients and take work off the previously dominant big four, whose reputation is in tatters.
- George Beaton
March
Spotlight on Adgemis as Bain Capital negotiations drag
Sources told Street Talk the deal is drawn out, but not dead, with the pubs baron dragging his feet on Bain’s requests.
- Sarah Thompson, Kanika Sood and Emma Rapaport
January
Mike Baird to join KPMG board
The appointment increases the number of independent directors at the firm, as consultancies continue to face scrutiny over their governance models.
- Maxim Shanahan
How consultants are using AI for emails, PowerPoint and other odd jobs
Partners at the big consulting firms believe the winners of the lucrative AI race will come from those businesses where staff embrace tools built in-house.
- Tess Bennett
- Exclusive
- Big four consultants
Spotlight on consultants after big four billing rates leaked
Finance Minister Katy Gallagher declined to reveal which of the 413 firms on the management advisory panel were leaked the highly confidential data of their rivals.
- Ronald Mizen
December 2023
- Exclusive
- Big four consultants
Spending on consultants at 10-year low: Gallagher
Finance Minister Katy Gallagher says spending with the big four consulting firms along with Accenture and Scyne is down $240 million so far in 2023-24.
- Ronald Mizen
- Exclusive
- Retail
Retail sector to bounce back in 2024 faster than expected
The sector will be helped by higher population growth and moderating interest rates, says KPMG partner James Stewart.
- Carrie LaFrenz
November 2023
Eyes on BBY ex-chairman Glenn Rosewall as execs charged
Rosewall was at the helm of the failed stockbroker between 2004 and its spectacular collapse in 2015.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Big four consultants
Big four billing rates leaked by federal government
Highly confidential details about how much 400 consulting firms charge the federal government were accidentally leaked this month, sparking outrage and calls for a full investigation.
- Ronald Mizen and Edmund Tadros