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Apas stops short of establishing criminal intent in Big Four firm’s conduct
...Griggs announced key members of his leadership team on Thursday, including appointing Krishnan Chandrasekhar, who is at present banking and capital markets tax services leader, as head of the reunified tax...
...However, a person briefed on office attendance rates said a “steady increase in occupancy in the last two years” had occurred with teams spending more days together in person....
...One person said there was a lack of trust between the former partners and members of the current leadership team, and “this is not the Grant Thornton that we were hired into”....
...Deloitte UK plans to axe about 150 junior consulting jobs in two of its consulting teams, even as partners at the firm earned an annual average of more than £1mn last year....
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...The group was consulting on raising his pay to about £11mn from £6.25mn, they added; an increase of 76 per cent....
...Retaining staff in their current roles rather than continuing to hire into teams that were growing “would make our business lopsided”, Ellis said....
...While PwC has adopted AI tools in parts of its business, including within its tax and deals teams, Amitrano said the firm was “still in the relative foothills on generative AI”....
Big Four firm botched audit work and quality control over several years, Apas concludes in multiyear investigation
...and pharmaceutical and manufacturing sectors are all expected to cut spending on consultancies, putting pressure on an almost £16bn market that boomed in the two years after the pandemic as management teams...
...Advocates said Project Everest would have freed the audit and consulting sides of the business from conflict of interest rules that limit their growth....
...“We’re a large enterprise consulting business, which means we get into solutions and technology in a fairly heavy way,” explains Phil Spring, UK sustainability services leader at IBM Consulting....
Big Four firm seeks to conclude years-long crisis triggered by work for defunct payments firm
...Big Four consulting firm Deloitte is scaling back its UK deals business to focus on higher value transactions after a review of its profitability, in a strategic shift away from work it has done for decades...
...He added that the Löning team member who oversaw the project had over 20 years experience of social audits in China....
...He said that the company had emphasised both the men’s and women’s national teams and the goal “to make the German team a global brand, and to make their athletes global heroes . . . when Nike brings out...
...Pharmaceuticals working with Alvotech earlier this year became the first drug that the US Food and Drug Administration granted interchangeable status, which lets pharmacists substitute it for Humira without consulting...
...A new remuneration system has also been proposed, in which a portion of the salary due to members of the leadership team will be held back and then not paid out if cases of misconduct arise....
...Toyota said that the company respects “team members’ rights to choose whether they want to join or not join a union”....
...Profile: the man guiding Ukraine’s top football team through a decade of crisis Serhii Palkin arrived at Shakhtar Donetsk on what he thought was a six-month placement to the finance team....
...PwC axed around 600 jobs at the end of last year and delayed graduate promotions amid a slowdown in the consulting market....
...The defections — one of the largest team carve-outs from an alternative asset manager in recent years — have sent shockwaves through the industry after the group resigned en masse in early March....
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