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...PwC departed from the industry’s historic model of having tax as a standalone business unit in 2021, when Ryan split the almost 1,000 US tax partners between the firm’s accounting and consulting arms....
...De Vusser began his career in the consumer products industry, initially at Procter & Gamble as a section head of purchasing, before joining Bain in 2000....
...A McKinsey-led think-tank advised China to deepen co-operation between business and the military and push foreign companies out of sensitive industries as part of a project for the central government in...
...The Financial Times reported last week that a McKinsey-led think-tank had separately advised China to deepen co-operation between business and the military and to push foreign companies out of sensitive industries...
...McKinsey has also suffered from a slowdown in the growth of the consulting industry, prompting the firm to reduce the number of new promotions to partnership and to defer some partner compensation to smooth...
...“There’s an opportunity to consolidate the industry.”...
...“Given some of the structural complexities and the varying regulatory requirements on a country-by-country basis, our industry faces some inherent challenges in bringing in a sufficient number of qualified...
...Partners at both firms voted through the tie-up on Monday, according to a person familiar with the matter, in the latest evidence of dealmaking in an industry undergoing a wave of consolidation....
...A downturn among clients in the tech industry has crimped Accenture’s growth in the past year, and Sweet is in the middle of a cost-cutting programme that will eliminate 19,000 jobs....
...Her path to the top, like his, came through EY’s financial services organisation, which provides auditing and consulting services for clients in banking and related industries....
...He also led an internal reorganisation that split the US firm’s audit and advisory businesses, a move which sparked speculation across the industry that PwC could be preparing for a full break-up — a claim...
...Marc Filippino Stephen Foley is the FT’s US accounting editor. Thanks, Stephen. Stephen Foley Thank you very much....
Global agricultural commodities merchant confirms criminal investigation into financial reporting
ADM, Chemours, Mattel and NYCB are among groups admitting that weaknesses in controls delayed financial reports
...McKinsey generated a record $16bn revenue in 2023, despite a broad slowdown in the consulting industry. It does not disclose profits....
...To make acquisitions in those industries you have to pay real money.” Accounting firms that have taken private equity investments have indeed sped up their expansion....
Head of largest firm outside the Big Four plans to focus on integrating its international network
Senator says consultancies have not complied with subpoena seeking details of their work for the kingdom
...“This is a different firm, in a different time and a different economy, in an industry that has radically changed,” said Seaman, the historian....
Richard Blumenthal accused kingdom of trying to launder its image with potential PGA deal
...Scrutiny of the firm’s role in the opioid industry is also likely to fade, Allen said. “People in government tend to have short memories.”...
...Here to talk about what this means for the industry is the FT’s Stephen Foley. Hi, Stephen. Stephen Foley Hello, there. Joanna S Kao Why are we seeing these job cuts across the entire Big Four?...
...The withdrawals left some small companies scrambling to find a new auditor ahead of the end of the financial year, and an accounting industry group said other firms could follow suit in 2024 as the Public...
Senators assail consultants for helping Riyadh use ‘soft power’ to build influence in the US
...The UCI’s work for Beijing in 2015 came in the form of a 310-page book that advised deeper co-operation between the Chinese military and business and policies to push foreign companies out of sensitive industries...
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