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An HTSI series celebrating creatives who strike a chord
...“Tax is a tremendous brand and I’m a big believer that you never dilute a brand that has meaningful value,” Griggs told the FT....
...The sector “has a great track record of organic growth, maybe two down years in 30 years, and the down years are hardly down”, said Blake Kleinman, partner at H&F....
...of a majority stake to a consortium of investors led by New Mountain Capital....
...A dozen former partners, including ex-chief executives Brad Preber, Ed Nusbaum and Mike McGuire, have formed a group to “act as a point of contact” with the firm, according to an email it sent to retirees...
...In contrast to a typical multinational company, the Big Four are run as a worldwide network of partnerships linked through a global entity that sets the strategy....
...The US arm of accounting firm Grant Thornton has agreed to sell a majority stake to the investment group New Mountain Capital, in the largest of a wave of private equity deals that are reshaping the sector...
...Unlike a typical multinational company, EY is a network of locally owned partnerships linked through a global entity that sets strategy and manages shared services such as IT....
...UCI’s director of research Gengtian Zhang, described the organisation as “McKinsey (Shanghai) Consulting’s Urban China Initiative” in a biography in the annual report of a company where he is a director....
...A slump in voluntary departures is a challenge to professional services firms’ traditional “up or out” model. Less “out” means less “up”, a phenomenon suggested by data from across the sector....
...Blake Kleinman, partner at H&F, said after doing the Baker Tilly deal that his firm liked to be “the first capital” coming into a partnership to shake up the ownership model....
...Stephen Foley It certainly provoked a reaction among China hawks on Capitol Hill....
...The FT reported in February that Alvarez & Marsal, the Evergrande liquidator appointed by a Hong Kong court, was preparing for a potential lawsuit against PwC that could lead to it facing a high-profile...
...Donald Trump’s social media company scrambled to find a new auditor after its first pick resigned after just a few months on the job, according to people familiar with the matter....
...“This is a KPMG issue, but it is not only a KPMG issue,” said Hanzo van Beusekom, AFM board member....
...PwC Australia did not admit or deny the allegations, but agreed to pay a $600,000 settlement to the PCAOB....
...restructuring of a Big Four firm in two decades....
...in KPMG’s Netherlands business, including senior partners and managers, cheated on professional exams and misled investigators, according to the US audit regulator, in the latest ethics scandal to hit a...
...Peter Blake: Sculpture and Other Matters is at Waddington Custot, London W1, until 13 April; waddingtoncustot.com...
...ADM confirmed on Tuesday that it was also now facing a criminal investigation by the US Department of Justice and a grand jury had subpoenaed documents from current and former employees....
..., wrote in a stinging report in 2022....
...ADM shares plunged in January when it revealed the investigation into the nutrition business, a pillar of the company’s strategy to move beyond volatile commodities....
...McKinsey generated a record $16bn revenue in 2023, despite a broad slowdown in the consulting industry. It does not disclose profits....
...The reorganisation will reduce costs across the firm, said one person familiar with the plan, but added that a figure had not yet been put on the savings....
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