March
Former EY partner Jason McLean moves to PwC
The move is part of a push at PwC Australia to beef up its financial services advisory offering.
February
Accenture and Telstra sign AI joint venture deal
Accenture and Telstra have formally signed a $700 million joint venture deal to create a new company to roll out artificial intelligence across the telco.
Scyne Advisory gets ethics and accountability sign off from Finance
After 15 months of monitoring, the Department of Finance concluded that Scyne had “implemented appropriate ethics, accountability and governance arrangements”.
Another PwC Australia deals partner to leave the firm
Senior partner Sanjiv Jeraj is retiring from the big four firm after almost two decades, and a new partner is helping clients use AI.
Ashurst expands risk advisory team, adding two new partners
Cybersecurity expert Rachael Falk and KPMG partner Kathleen Conner are joining the division, which now has 23 partners globally.
September 2024
KPMG buys boutique consulting firm Chartertech
The big four group has acquired technology consulting specialist Chartertech as part of a continuing push to increase the depth and breadth of its technology services.
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
April 2024
ASIC smooths the way for UK auditors to work in Australia
The Australian corporate regulator and the UK’s audit regulator will allow statutory auditors to have their qualification more easily recognised in either jurisdiction.
March 2024
New system to track labour hire in government
A new Department of Finance database will provide the first-ever consolidated view of the use of labour hire throughout the federal government.
Scyne goes to court to stop partner working at Downer EDI
The PwC spin-off has made a legal bid to stop former partner Connie Heaney moving to services contractor Downer EDI.
Finance begins training bureaucrats in procurement
The Department of Finance has begun training bureaucrats in how to buy complex goods and services and is also considering creating a specialist procurement career pathway for officials.
February 2024
PwC, Scyne leaders reveal their pay packets
PwC Australia CEO Kevin Burrowes earns almost half the amount earned by his predecessor Tom Seymour.
December 2023
McKinsey, BCG don’t want public to know junior partners earn $700,000+
McKinsey told a Senate inquiry it was “not able to share the remuneration of our individual partners”, while BCG said partner pay was “tied to a global structure in a highly competitive global market”.
CA ANZ unhappy about accounting merger
The number-crunching body is upset the government has decided to merge the existing standards bodies into a single entity.
April 2023
Strategy firm Bain pays graduates to defer start date
Bain has given graduates $5000 to defer their starting date by three months as tighter economic conditions hit demand for corporate advice.
March 2023
McKinsey cuts 20 staff from Australia and NZ operation
The firm has shed about 3 per cent of its local workforce as part of a rare round of global redundancies aimed at offsetting a pullback in client demand.
Strategy firm puts graduate applicants through their paces
OC&C Strategy has hired seven applicants for its highly sought-after graduate program.
McKinsey pays graduates to defer their start date
McKinsey has offered a “small bonus” to its Australia and New Zealand graduates to delay their starting date by up to two months, a move the firm says is unrelated to a plan to cut more than 4 per cent of its support staff globally.
KPMG US auditors signed off on Silicon Valley Bank, Signature Bank
Auditors at KPMG US gave Silicon Valley Bank and Signature Bank unqualified audit opinions only weeks before both financial institutions collapsed.
Deloitte CEO slams EY split and its leaders’ ‘deal fever’
Joe Ucuzoglu says his firm will stay together, and questioned the reasons that EY leaders have extolled to sell its separation plan to partners, staff and clients.