Hints and tips:
Former US partners hire lawyers in fight for bigger share of the proceeds from New Mountain deal
Accounting firm recently agreed to sell a majority stake to New Mountain Capital
Revamp comes after Big Four firm decided against splitting up its audit and consulting businesses
Deal with New Mountain Capital is largest to date as PE firms rush into accounting sector
Big Four firm is now seeking to cut costs as demand for consulting work recedes
Move sets accounting firm apart from Big Four rivals as competition for talent intensifies
Move comes after accountancy firm abandoned traditional partnership model
S&P 500 companies paid $5.3bn in 2022, up just 3.2% as they held line on costs
Big Four firm the latest to respond to slowdown in advisory business
India and South Africa to assume more audit and tax tasks as number of US graduates falls
US boss caught senior leaders off guard by announcing in a partner call that ‘Project Everest’ needed to be reworked
Accounting firms, consultancies and other professional services take outside cash to fund growth
Auditors and regulators consider ways to strengthen oversight and hold management to account
Big Four firm cites success in early experiments to spread out work at peak times in the US
Prosecutors concede wire fraud charge cannot stand against former managing partner and PCAOB employee
BDO USA is ditching the profession’s traditional structure and becoming a corporation
Big Four firm launches its second round of job cuts this year affecting all areas, including its audit business
Big Four auditor’s work for SVB, Signature and First Republic comes under scrutiny in aftermath of their collapses
Joe Ucuzoglu publishes point by point defence of Big Four’s multidisciplinary model
Men account for 80% of lead Big Four partners on the lead audits of S&P 500 companies
Reductions in consulting business will affect 700 people
The two institutions failed days after issuing annual reports certified by the accounting firm
Joe Ucuzoglu to take over as accounting firms debate how to respond to EY break-up plan
Fines from oversight board total $7.7mn in actions against accountant’s networks in the UK, Colombia and India
Big Four auditor reports ‘exceptional’ year for corporate advice but warns of looming economic headwinds
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