September
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.
- Edmund Tadros
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
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.
- Edmund Tadros
March
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.
- Edmund Tadros
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.
- Edmund Tadros
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.
- Edmund Tadros
February
PwC, Scyne leaders reveal their pay packets
PwC Australia CEO Kevin Burrowes earns almost half the amount earned by his predecessor Tom Seymour.
- Edmund Tadros
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”.
- Edmund Tadros
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.
- Edmund Tadros
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.
- Edmund Tadros
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.
- Edmund Tadros
Strategy firm puts graduate applicants through their paces
OC&C Strategy has hired seven applicants for its highly sought-after graduate program.
- Edmund Tadros
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.
- Edmund Tadros
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.
- Edmund Tadros
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.
- Edmund Tadros
PwC CEO defends firm over robo-debt work
PwC chief executive Tom Seymour says the firm’s consultants highlighted problems with the robo-debt program.
- Edmund Tadros
NSW government saves $150m by capping consulting rates
The capped rates were accepted by the major firms, including the big four consulting firms Deloitte, EY, KPMG and PwC, but resisted by seven firms, including the Boston Consulting Group and L.E.K. Consulting.
- Edmund Tadros
Deloitte projects annual revenue growth of 15pc
Deloitte chief executive Adam Powick says the firm is on track to grow by about 15 per cent this financial year, as client demand holds up for IT consulting work.
- Edmund Tadros
Auditing standards body advertises for chairman
The government has advertised for a chairman of the Auditing and Assurance Standards Board, a position currently held by former senior PwC partner Bill Edge.
- Edmund Tadros
EY Hong Kong investigates harassment allegation
EY is offering counselling to those involved behind the allegations; no job cuts at BCG; Accenture keeps hiring.
- Edmund Tadros